LGN

Legence (NASDAQ: LGN) — Q2 2026 Post Earnings

by
Post earnings note company quarterly analysis

Operations

As of August 14, 2026
Q2 Revenue ↑ 110.7% YoY $1.26B
Divisions
Engineering & Consulting 16.4%
Installation & Maintenance 83.6%

Key Earnings Driver: Installation & Maintenance

Legence’s Q2 revenue reached $1.26B, with Installation & Maintenance revenue increasing 162.0% to $1.06B and Engineering & Consulting revenue increasing 5.5% year over year to $206.9M. Legence’s Q2 adjusted gross margin declined to 18.5% from 21.8% a year earlier, with the company citing revenue mix and a slight decline in Engineering & Consulting margins.

Key Operating Metrics¹

METRIC

STATUS

Engineering & Consulting

🟢 Scaling

Installation & Maintenance

🟢 Scaling

Sources: Legence Q2 2026 Financial Results — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Legence (NASDAQ: LGN) — Q2 2026 Pre Earnings

by
Pre earnings note company quarterly analysis

Operations

As of August 12, 2026
Q1 Revenue ↑ 105% YoY $1.04B
Divisions
Engineering & Consulting 16.0%
Installation & Maintenance 84.0%

Key Earnings Driver: Installation & Maintenance

Legence’s Q1 revenue increased 105% year over year to $1.04B, with Installation & Maintenance revenue increasing 141.9% to $872.1M and Engineering & Consulting revenue increasing 14.0% to $165.8M. Engineering & Consulting adjusted gross margin declined YoY to 33.2% from 40.7%, primarily due to a higher percentage of subcontractor expenses, a revenue mix shift toward the lower margin Program & Project Management service line and lower project margins in Engineering & Design.

Key Operating Metrics¹

METRIC

STATUS

Engineering & Consulting

🟢 Scaling

Installation & Maintenance

🟢 Scaling

Sources: Legence Q1 2026 Quarterly Report — SEC Filing, Legence Q1 2026 Earnings Release — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.