Legence Q2 FY26 net loss widens to $27.84 million; revenue more than doubles to $1.26 billion - LGN News | RalliesLegence Q2 FY26 net loss widens to $27.84 million; revenue more than doubles to $1.26 billion
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LGN• Q2 results
- Legence posted Q2 revenue of USD 1.26 billion, up 110.7% year over year; GAAP net loss attributable to shareholders widened to USD 27.84 million.
- Non-GAAP adjusted EBITDA climbed 114.1% to USD 154.57 million, while GAAP gross margin fell 4.1 percentage points to 17.4%.
- Backlog and awarded contracts rose 104.6% to USD 5.67 billion; book-to-bill ratio was 1.2x for the quarter.
Demand and outlook
- CEO Jeff Sprau cited strong demand led by data centers & technology, with healthy activity across life sciences, government and education.
- The company guided Q3 revenue at USD 1.225 billion-USD 1.275 billion, raising its full-year revenue outlook to USD 4.7 billion-USD 4.8 billion.
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