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SOLV Energy NASDAQ: MWH reported record first-half results for 2026, citing increased new-construction activity, project execution and contributions from prior acquisitions. The company also raised its full-year revenue and adjusted EBITDA outlook while reporting a 44% year-over-year increase in backlog.

SOLV Energy, Inc. (MWH) Q2 2026 Earnings Call Transcript

SAN DIEGO, Aug. 13, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”) (Nasdaq: MWH), a leading provider of infrastructure services to the power industry, today announced financial results for the second quarter ended June 30, 2026. Financial Summary (in $ millions except percentages) Three Months Ended June 30,   Six Months Ended June 30,   2026 2025   2026 2025 Revenue 951 536   1,628 944 Gross Profit 1 140 113   259 172 Gross Margin 1 14.7% 21.1%   15.9% 18.2% Net Income 2 67 45   39 44             Adjusted Gross Profit 3 145 113   269 172 Adjusted Gross Margin 3 15.2% 21.1%   16.5% 18.2% Adjusted EBITDA 117 86   210 120 Adjusted EBITDA Margin 12.4% 16.1%   12.9% 12.7%             1) Beginning with the second quarter of 2026, the Company classified certain annual incentive compensation within Cost of Revenue instead of Selling, general & administrative expense.