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MYR Group MYRG Q2 2026 earnings

Reported July 29, 2026 · After market close

Revenue$1.1BBeat by $86.0M
EPS$3.17Beat by $0.55
Revenue estimate$995.7M
EPS estimate$2.62
Our strong second quarter performance drove record quarterly revenues of $1.08 billion, while backlog reached $3.16 billion at quarter-end. These results reflect the continued strength of our core markets, ongoing investment in electrical infrastructure, and sustained customer demand across our business. The acquisition of Valley Electric and Comet Electric, which closed on July 1, further enhances our C&I capabilities and expands our geographic footprint, allowing us to deliver a broader range of solutions to both existing and new customers. We continue to see a healthy pipeline of quality bidding opportunities and remain focused on pursuing strategic growth opportunities while strengthening the long-standing relationships that are central to our success. With strong market fundamentals, a growing portfolio of capabilities, and a disciplined approach to project selection and execution, we believe we are well positioned to deliver continued growth and create long-term value for our shareholders.
Rick Swartz

Next report

Oct 28, 2026 (in a month)
Revenue estimate$1.2B
EPS estimate$2.99

Financials

Q2 2026

Income statement

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Revenue$1.1B+20.1%
Gross profit$142.7M+37.6%
Operating income$67.9M+70.8%
Net income$49.9M+88.4%
EPS (diluted)$3.17+86.5%

Balance sheet

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Cash & equivalents$137.9M+501%
Total debt$67.1M-49.9%
Total assets$1.7B+5.4%

Cash flow

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Operating cash flow$3.3M-89.9%
CapEx$28.9M+36.2%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$4.29B+56.0%
Enterprise value$4.22B+47.5%
P/E25.9×-10.0×
P/S1.1×+0.3×

Profitability

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Gross margin12.5%+1.9pp
Operating margin5.6%+2.0pp
Net margin4.1%+1.9pp

Returns & leverage

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Current ratio1.4×+0.1×

Segments

By segment

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C&I$557.7M+41.5%
T&D$524.0M+3.5%

FAQ

When did MYR Group report Q2 2026 earnings?
MYR Group (MYRG) reported Q2 2026 earnings on July 29, 2026 after market close.
What were MYR Group's Q2 2026 revenue and EPS?
MYR Group reported revenue of $1.1B and eps of $3.17 for Q2 2026.
Did MYR Group beat estimates in Q2 2026?
Revenue beat the consensus estimate of $995.7M by $86.0M. EPS beat the consensus estimate of $2.62 by $0.55.
How did MYR Group's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.1% from $900.3M a year earlier and eps grew 86.5% from $1.70.
Where can I find MYR Group's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000700923-26-000041) and the 10-Q periodic report (0000700923-26-000042) directly on SEC EDGAR. The filing index links above go to sec.gov.