SOLV Energy (NYSE: MWH) — Q2 2026 Pre Earnings

Pre earnings note company quarterly analysis

Operations

As of August 12, 2026
Q1 Revenue ↑ 66% YoY $676.8M
Divisions
New Construction 96.1%
Existing Infrastructure 3.7%
Other 0.2%

Key Earnings Driver: New Construction

SOLV Energy’s Q1 revenue increased 66% year over year to $676.8M, with New Construction revenue increasing 61.1% to $650.7M and Existing Infrastructure revenue declining 5.8% to $25.0M.

Key Operating Metrics¹

METRIC

STATUS

New Construction

🟢 Scaling

Key Financial Metrics

Gross Margin 17.60% +3.1 pp YoY
Backlog / Rev. 1,211.9% 12.11x Revenue
CapEx Intensity 1.54% 0.01x Revenue

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