SOLV Energy Raises 2026 Revenue Outlook as Q3 Revenue Jumps 65%

SOLV Energy's third-quarter 2026 revenue was $1.242 billion, a 65% increase from $753 million in the comparable quarter a year earlier. The growth reflected additional new-build work and higher revenue from existing infrastructure.

Diluted earnings per share under generally accepted accounting principles (GAAP) were $0.53. Net income before non-controlling interests totaled $123 million, compared with $70 million a year earlier. Net income attributable to SOLV Energy was $69.9 million, versus $70.1 million in the prior-year quarter.

SOLV Energy raised its 2026 revenue outlook to a range of $4.03 billion to $4.12 billion, from $3.87 billion to $3.97 billion. Its adjusted EBITDA outlook increased to $525 million to $540 million, up from $485 million to $505 million.