SOLV Energy raises 2026 revenue guidance after strong Q3 results
SOLV Energy reported third‑quarter 2026 revenue of $1.24 billion, a 65% year‑over‑year increase, and net income of $123 million. The company also posted adjusted EBITDA of $173 million and a gross margin of 17.8%. On the back of the results, SOLV lifted its full‑year 2026 revenue guidance to a range of $4.03 billion‑$4.12 billion. CEO George Hershman said the guidance reflects record execution and the largest project in the firm’s history.
Why it matters
The higher revenue guidance signals stronger future top‑line growth, which could lift analyst forecasts and affect the stock’s valuation. The guidance raise also reflects the impact of recent acquisition activity and a robust project pipeline.
Key facts
- 1Third‑quarter 2026 revenue was $1.242 billion, up 65% YoY. tradingview.com
- 2Net income for the quarter was $123 million. tradingview.com
- 3Adjusted EBITDA was $173 million, or 13.9% of revenue. tradingview.com
- 4Gross margin was 17.8%, compared with 19.7% a year earlier. tradingview.com
- 5Total backlog was approximately $9.2 billion as of September 30, 2026. tradingview.com
- 6SOLV completed its acquisition of ASB Energy Services on October 30, 2026. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.