IES Holdings Q3 revenue rises on strong data center demand

IES Holdings

31/07/2026 12:55

Overview
US electrical and infrastructure services firm's fiscal Q3 revenue rose 40% year-over-year
Adjusted EPS for fiscal Q3 rose 71% year-over-year
Company announced a two-for-one stock split

Outlook
Company expects recent acquisitions to contribute to results beginning in fiscal 2027
IES Holdings says multi-family backlog growth should benefit results in fiscal 2027
Company continues to invest in expanding capacity and capabilities for future growth

Result Drivers
DATA CENTER DEMAND - Co said strong demand in the data center market was the primary driver of revenue growth in Communications, Infrastructure Solutions, and Commercial & Industrial segments
EXPANDED CAPACITY - Co attributed Infrastructure Solutions segment growth to expanded production capacity, including acquisitions and facility additions
HOUSING MARKET SOFTNESS - Co said Residential segment was affected by reduced housing starts, limiting ability to recover higher material costs through pricing

Company press release: ID:nGNX5B7KGr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.24 bln
$1.08 bln (1 Analyst)
Q3 Adjusted EPS
Beat
$6.70
$4.83 (1 Analyst)
Q3 Adjusted Net Income
Beat
$135.30 mln
$98 mln (1 Analyst)
Q3 Net Income
 
$153 mln
 
Q3 Operating Income
Beat
$178.50 mln
$130 mln (1 Analyst)

Analyst Coverage
The one available analyst rating on the shares is "hold"
Wall Street's median 12-month price target for IES Holdings Inc is $700.00, about 22.5% above its July 30 closing price of $571.54
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads
July 30 - EMCOR Q2 revenue beats estimates, raises 2026 outlook
July 29 - MYR Group Q2 revenue beats estimates on C&I segment growth
July 30 - SPX Technologies beats Q2 estimates on acquisitions, data center demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)