Sterling Infrastructure's Monster Q1 2026

Sterling Infrastructures Q1 2026 report is a blockbuster, with revenue surging 92% and adjusted EPS up 120%. Adjusted EBITDA more than doubled, reaching a record 20% margin. The companys focus on high-return projects in data centers and semiconductors paid off, with a 78% increase in backlog and a 131% jump in combined backlog. A significant semiconductor campus joint venture and strong growth in E-Infrastructure led the way. Full-year 2026 guidance was raised across the board, with revenue expected to grow over 50% and adjusted EPS up 72%. Despite housing headwinds, Building Solutions ticked up 3%. The company is expanding into new geographies for data centers and is on track with cross-selling site development and electrical services. Sterling is also hunting for strategic M&A to boost capacity, while maintaining a focus on margins and risk. This sets the stage for years of strong growth as Sterling builds Americas infrastructure with high margins, diversification, and a focus on mega-projects. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9b1a34696bf3180f