Legence Corp. (Nasdaq: LGN) is moving higher as investors look ahead to the company’s next catalyst: first-quarter 2026 earnings. On May 4, 2026, Legence said it will release Q1 results on May 14, 2026, before the market opens, followed by a 10:00 a.m. ET conference call and webcast.

The earnings-date notice is landing after a strong reset of expectations in late March. On March 27, 2026, Legence reported fourth-quarter and full-year 2025 results and lifted its 2026 outlook, citing demand momentum for mission-critical building systems and a record backlog and awards level of $3.7 billion, up 49% year over year, with a robust Q4 book-to-bill of 1.9x. With the stock now trading near $95, the market is increasingly focused on whether Q1 results and commentary validate another leg of growth—especially in data center-related work that management highlighted as a key end market driver.

Investors will be watching for any update to the company’s 2026 targets and how Q1 trends compare to the guidance framework Legence laid out in March, including Q1 2026 revenue guidance of $925 million to $950 million and non-GAAP adjusted EBITDA guidance of $90 million to $100 million, as well as the raised full-year 2026 revenue outlook of $3.7 billion to $3.9 billion and non-GAAP adjusted EBITDA of $400 million to $430 million. Another focus is whether execution and backlog conversion remain strong amid ongoing sponsor-related selling activity earlier this spring, when affiliated selling stockholders priced a large secondary offering at $54 per share.

Today’s gain looks less like a single headline surprise and more like a catalyst-driven bid into an approaching earnings event. The May 14 report is positioned as the next major checkpoint for whether Legence’s backlog strength and raised 2026 outlook translate into sustained upside revisions.