Everus Q2 revenue jumps 34% on strong demand, raises outlook
ECG•Guidance raised for 2026
Everus raised its 2026 revenue outlook to $4.5 billion-$4.7 billion from $4.3 billion-$4.4 billion.
The company also lifted its 2026 EBITDA forecast to $410 million-$425 million from $345 million-$360 million.
Drivers cited by the company
- Organic growth and acquisitions - Revenue rose 34% in Q2, with 30% organic growth and additional contribution from the SE&M Constructors acquisition.
- Project execution and margin improvement - Gross profit and margins increased due to higher workloads, efficient project execution, and project timing.
- Strong end-market demand - Growth in commercial, industrial, and data center submarkets drove E&M segment revenue, while utility market demand supported T&D segment.
Q2 revenue and earnings rise
Everus said second-quarter revenue rose 34% year-over-year, beating analyst expectations, while EPS for the quarter rose 59% year-over-year.
The company reported Q2 revenue of $1.23 billion, compared with a consensus estimate of $1.08 billion from five analysts. Q2 EPS was , net income was , gross margin was , and EBITDA was .
