Sterling Infrastructure's second quarter revenue of $1.17B and adjusted EPS of $5.80 both beat estimates, prompting a raised FY26 outlook.

Sterling Infrastructure reported record second quarter 2026 results, with revenues of $1.17 billion, up 90% year-over-year, and adjusted diluted EPS of $5.80, a 116% increase. Both metrics surpassed analyst expectations, leading the company to raise its full-year 2026 guidance.

Key Highlights

• E-Infrastructure Solutions revenue surged 192% year-over-year to $905 million, significantly exceeding expectations and driven by strong demand for data centers and manufacturing facilities.
• Total backlog grew 116% year-over-year to a record $4.33 billion, with combined backlog reaching $5.62 billion, up 150% from the prior year.
• Full-year 2026 guidance was raised, with the company now expecting revenue between $4.00 billion and $4.15 billion and adjusted diluted EPS between $19.70 and $20.30.