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Sterling Infrastructure ( (STRL) ) just unveiled an announcement.
Sterling Infrastructure reported record first-quarter 2026 results on May 4, 2026, with revenue surging 92% to $825.7 million, boosted by strong organic growth and contributions from its recent CEC acquisition. Net income rose 143% to $96 million and adjusted EBITDA jumped 107% to $166.6 million, while operating cash flow reached $165.6 million and cash on hand stood at $511.9 million.
Backlog expanded sharply, with signed backlog up 78% to $3.8 billion and combined backlog up 131% to $5.15 billion, underpinned by mission-critical E-Infrastructure work such as data centers and semiconductor facilities and robust awards at CEC. Management highlighted strong early-2026 bid activity, a growing pipeline of future phase work approaching a $6.5 billion opportunity set, and raised full-year 2026 guidance to reflect anticipated revenue growth of roughly 51% and substantial gains in adjusted EPS and adjusted EBITDA, signaling heightened expectations for continued outperformance and value creation.
The most recent analyst rating on (STRL) stock is a Buy with a $572.00 price target. To see the full list of analyst forecasts on Sterling Infrastructure stock, see the STRL Stock Forecast page.
Spark’s Take on STRL Stock
According to Spark, TipRanks’ AI Analyst, STRL is a Outperform.
The score is driven by strong fundamental performance (growth, profitability, balance-sheet improvement) and an upbeat earnings outlook backed by backlog visibility. Offsetting this is weak near-term technical momentum and a relatively high valuation multiple with no dividend yield provided.
To see Spark’s full report on STRL stock, click here.
More about Sterling Infrastructure
Sterling Infrastructure, Inc. operates in the U.S. infrastructure and construction markets through three segments: E-Infrastructure, Transportation and Building Solutions. The company provides large-scale site development and mission-critical electrical services for data centers, semiconductor fabrication and other industrial facilities, as well as transportation projects and residential and commercial concrete foundation work across key U.S. regions.
Average Trading Volume: 504,384
Technical Sentiment Signal: Buy
Current Market Cap: $16.34B
For an in-depth examination of STRL stock, go to TipRanks’ Overview page.