Legence Q2 revenue doubles on Bowers acquisition; raises 2026 outlook - LGN News | Rallies
Legence Q2 revenue doubles on Bowers acquisition; raises 2026 outlook L LGN • 2026-08-13 Analyst coverage
The current average analyst rating on the shares is buy and the breakdown of recommendations is 17 strong buy or buy , 1 hold and no sell or strong sell
The average consensus recommendation for the construction & engineering peer group is buy
Wall Street's median 12-month price target for Legence Corp. is $105.50 , about 53.6% above its August 12 closing price of $68.68
Key reported figures Metric Actual Q2 Revenue $1.26 billion Q2 Loss Per Share $0.37 Q2 Net Loss $27.80 million Q2 Adjusted EBITDA $154.60 million Q2 Gross Profit $220.20 million
Updated 2026 outlook
Legence sees Q3 2026 revenue of
$1.225 billion to $1.275 billion
Company expects Q3 2026 non-GAAP adjusted EBITDA of $150 million to $160 million
Legence raises 2026 revenue guidance to $4.7 billion-$4.8 billion and adjusted EBITDA to $565 million-$585 million Quarterly results and drivers
US building systems services firm's Q2 revenue more than doubled year over year, driven by the Bowers acquisition
Adjusted EBITDA for Q2 more than doubled from the prior year
Strong demand from data centers and technology clients drove revenue growth
Installation & Maintenance segment revenue surged, led by installation and fabrication services for data centers and technology clients
Gross margin declined due to a shift toward Installation & Maintenance and higher indirect fulfillment costs
2026-08-13
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