MYR Group Q2 FY26 net income more than doubled to $49.9 million; revenue rises 20.1% to $1.08 billion

MYRG•2026-07-29

Q2 FY26 results

MYR Group posted Q2 2026 net income of $49.9 million, more than doubled from a year earlier; diluted EPS rose to $3.17.

Revenue climbed 20.15% from Q2 2025 to a record $1.08 billion, driven by Commercial and Industrial at $557.7 million.

Gross margin widened 1.7 percentage points to 13.2%, on better-than-anticipated productivity, favorable job closeouts, and scope increases on certain projects.

Backlog and acquisitions

Backlog rose 19.6% from June 30, 2025 to a record $3.16 billion, with $1.89 billion in C&I and $1.27 billion in T&D.

Management said the Valley Electric and Comet Electric acquisitions closed July 1, expanding C&I capabilities and geographic footprint.

Sources

MYR Group Q2 FY26 net income more than doubled to $49.9 million; revenue rises 20.1% to $1.08 billion

Publicnow

MYR Group Q2 FY26 net income more than doubled to $49.9 million; revenue rises 20.1% to $1.08 billion

Q2 FY26 results

Backlog and acquisitions

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Sources

MYR Group Q2 FY26 net income more than doubled to $49.9 million; revenue rises 20.1% to $1.08 billion

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