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SOLV Energy reports strong 77% revenue growth to $951M
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SOLV Energy reports strong 77% revenue growth to $951M

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  • SOLV Energy (NASDAQ:MWH) reported Q2 2026 revenue of $951 million, up 77% year over year, with Adjusted EBITDA reaching $117 million.
  • The company ended June 2026 with backlog of approximately $8.9 billion, up 44% year over year, and more than 23 GW under O&M contracts.
  • SOLV Energy raised its 2026 outlook, forecasting revenue of $3.87 billion to $3.97 billion and Adjusted EBITDA of $485 million to $505 million.

SOLV Energy (NASDAQ:MWH) reported second-quarter 2026 revenue of $951 million, up 77% year over year, as the company expanded activity across its solar and energy infrastructure operations.

Gross profit reached $140 million, net income was $67 million, and adjusted EBITDA totaled $117 million, representing a 12.4% margin during the quarter.

For the first six months of 2026, revenue increased 72% to $1.63 billion, while net income reached $39 million, supported by higher operating income and lower interest expense, partly offset by non-cash IPO-related charges.

The company reported a backlog of approximately $8.9 billion as of June 30, 2026, up 44% year over year, with more than 23 GW of solar assets under operations and maintenance contracts.

SOLV Energy provides engineering, procurement, construction, and operations and maintenance services for utility-scale solar and energy infrastructure projects.

The company completed its $40.9 million acquisition of Roberson Waite Electric on July 1, 2026, with potential additional earn-out payments of up to $9 million, and increased its full-year 2026 revenue and Adjusted EBITDA guidance.

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