Sterling Infrastructure, Inc. (STRL)
NASDAQ:STRL
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
4.98Last Year’s EPS
2.69Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive overall: the company reported exceptional top-line and earnings growth, record margins for 1Q, substantial backlog expansion, a major semiconductor win, accelerated assimilation of the CEC acquisition, and materially raised full-year guidance. The primary negatives were sector-specific headwinds (residential), expected moderation in Transportation revenue, capacity constraints (electricians and PMs), and near-term timing/seasonality risks tied to project starts. On balance, the significant financial outperformance, backlog visibility, and upgraded guidance outweigh the challenges, though execution of capacity expansion and CEC margin improvement are key near-term execution risks.Company Guidance
Quarterly Financial Outperformance
Revenue grew 92% year-over-year in 1Q26 and adjusted diluted EPS grew 120%. Adjusted EBITDA more than doubled and adjusted EBITDA margin expanded over 150 basis points to a first-quarter record of 20%.
Backlog Expansion and Strong Visibility
Signed backlog totaled $3.8 billion (up 78% YoY) and combined backlog reached $5.2 billion (up 131% YoY). Visibility into high-probability future phase opportunities exceeds $1.3 billion and total pool of work approaches $6.5 billion, roughly $2.0 billion growth since year-end.
E-Infrastructure / Data Center Surge
E-Infrastructure revenue grew 174% in 1Q26 (organic >100%) with adjusted operating income up 177% and margin expansion despite the dilutive impact of the CEC acquisition. Mission-critical work (data centers, large manufacturing, semiconductor) represented over 90% of E-Infrastructure signed backlog.
CEC Acquisition Contribution and Rapid Assimilation
CEC delivered 78% revenue growth versus prior-year 1Q and contributed meaningfully to backlog (CEC-related combined backlog increased approximately $1.2 billion since year-end 2025). Integration/assimilation accelerated earlier than expected with joint execution beginning in 1Q.
Major Strategic Win — Semiconductor Campus
Awarded the first phase of a multi-phase semiconductor fabrication campus exceeding $500 million (to be executed under a JV), expected completion in late 2027/early 2028, with multi-decade opportunity for additional scopes through 2027 and beyond.
Raised Full-Year Guidance and Material Upside
Updated 2026 guidance: revenue $3.7B–$3.8B (midpoint ~20% above prior guidance; >50% growth vs. 2025), adjusted diluted EPS $18.40–$19.05 (midpoint +36% vs prior guidance; ~72% YoY growth), adjusted EBITDA $843M–$873M. Midpoint implies ~51% revenue growth, ~72% adjusted EPS growth, ~70% adjusted EBITDA growth vs. 2025.
Strong Cash Flow and Balance Sheet Position
Operating cash flow for the quarter was $166 million. Ended the quarter with $512 million cash, $287 million debt (net cash $224 million), $150 million revolver undrawn, and remaining share repurchase authorization of $362 million after $12 million repurchases in 1Q.
Margin Expansion Roadmap
Management expects E-Infrastructure adjusted operating profit margins in the mid-20% range for 2026 and anticipates 300–500 basis points of margin improvement at CEC within 12–18 months as lower-margin businesses are exited and vertical integration/productivity gains are realized.
STRL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STRL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $529.49 | $806.00 | +52.22% |
Feb 25, 2026 | $455.25 | $433.34 | -4.81% |
Nov 03, 2025 | $392.77 | $382.57 | -2.60% |
Aug 04, 2025 | $271.74 | $296.58 | +9.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sterling Infrastructure, Inc. (STRL) report earnings?
Sterling Infrastructure, Inc. (STRL) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Sterling Infrastructure, Inc. (STRL) earnings time?
Sterling Infrastructure, Inc. (STRL) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STRL EPS forecast?
STRL EPS forecast for the fiscal quarter 2026 (Q2) is 4.98.