MISTRAS Q2 revenue, adjusted EBITDA beat estimates, raises 2026 outlook

Mistras

10/08/2026 22:18

Overview
US industrial asset integrity provider's Q2 revenue grew 4.2%, beating analyst expectations
Q2 adjusted EBITDA rose 7%, beating analyst estimates
Company raised full-year 2026 revenue and adjusted EBITDA guidance

Outlook
MISTRAS raises 2026 revenue guidance to $740 mln-$755 mln
Company lifts 2026 adjusted EBITDA outlook to $92 mln-$95 mln
MISTRAS expects favorable demand in Aerospace & Defense and Infrastructure to support growth in 2026

Result Drivers
END-MARKET DEMAND - Co said Q2 revenue growth was driven by increased demand in Infrastructure, Power Generation, and Aerospace & Defense end markets
AEROSPACE & DEFENSE CAPACITY - Demand in Aerospace & Defense temporarily outpacing capacity, supported by backlog and customer relationships; co investing to expand in-lab testing
INFRASTRUCTURE & POWER GENERATION PROJECTS - Infrastructure and Power Generation end markets benefited from continued investment in data center construction and broader energy infrastructure

Company press release: ID:nGNX59DxpF

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$193.10 mln
$189.66 mln (4 Analysts)
Q2 Net Income
 
$7.60 mln
 
Q2 Adjusted EBITDA
Beat
$25.80 mln
$22.44 mln (4 Analysts)
Q2 Gross Profit Margin
 
29.2%
 
Q2 Gross Profit
 
$56.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the integrated oil & gas peer group is "buy"
Wall Street's median 12-month price target for Mistras Group Inc is $21.00, about 33% above its August 10 closing price of $15.79
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
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Aug 10 - Lenders scrutinize US data center financing as community opposition builds

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)