SOLV Energy Q2 revenue jumps 77% on new activity, acquisitions; lifts revenue outlook, cuts margin view

Solv Energy

13/08/2026 12:21

Overview
US power infrastructure services firm's Q2 revenue rose 77% yr/yr on new construction, M&A
Net income and adjusted EBITDA increased, while gross margin declined due to compensation reclassification
Company closed Roberson Waite Electric acquisition and raised full-year 2026 financial guidance

Outlook
Solv Energy raises 2026 revenue guidance to $3.87 bln-$3.97 bln from $3.72 bln-$3.82 bln
Company now sees 2026 adjusted EBITDA at $485 mln-$505 mln, up from $435 mln-$455 mln
Solv Energy expects 2026 adjusted gross margin of 16.0%-16.6%, down from 16.4%-17.0% prior

Result Drivers
NEW CONSTRUCTION ACTIVITY - Co said revenue growth was primarily driven by increased new construction projects
M&A CONTRIBUTION - Revenue also benefited from acquisitions completed prior to or during the quarter
MARGIN IMPACTS - Gross margin declined due to a change in classification of annual incentive compensation and the absence of large repair projects that benefited the prior-year period

Company press release: ID:nGNX3gPKQR

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$951 mln
 
Q2 Net Income
 
$67 mln
 
Q2 Gross Profit
 
$140 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Solv Energy Inc is $50.00, about 66.2% above its August 12 closing price of $30.09
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 29 three months ago

Reuters Recommended Reads
Aug 11 - Cardinal Infrastructure Q2 revenue jumps 114% on organic and acquisition growth, raises 2026 sales guidance
Aug 10 - Energy Services of America Q3 revenue rises 25.5% on strong segment demand
Aug 12 - North American Construction's Q2 combined revenue rises 23%

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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.)