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Primoris Services PRIM Q2 2026 earnings

Reported August 4, 2026 · After market close

Revenue$1.7BMiss by $45.9M
EPS-$0.27Beat by $0.08
Revenue estimate$1.7B
EPS estimate-$0.35
Despite the challenges on a limited number of renewables projects that impacted our earnings during the quarter, Primoris delivered record bookings and achieved the highest total backlog in our history. These awards reflect the strength of our end markets, the increasing demand for critical infrastructure investment, and the trust our customers place in Primoris to deliver our services safely, efficiently, and with the highest standards of quality.
Koti Vadlamudi

Next report

Nov 2, 2026 (in a month)
Revenue estimate$2.0B
EPS estimate$0.78

Financials

Q2 2026

Income statement

See full
Revenue$1.7B-10.7%
Gross profit$82.4M-64.4%
Operating income-$26.8M-121%
Net income-$24.2M-129%
EPS (diluted)-$0.45-129%

Balance sheet

See full
Cash & equivalents$218.2M-44.1%
Total debt$1.3B+19.4%
Total equity$1.6B+4.7%
Total assets$4.6B+2.3%

Cash flow

See full
Operating cash flow-$8.7M-111%
CapEx$22.5M-32.0%
Free cash flow-$31.2M-169%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$4.14B-37.2%
Enterprise value$5.2B-28.5%
P/E29.7×+2.3×
P/S0.6×-0.4×

Profitability

See full
Gross margin8.6%-2.7pp
Operating margin2.9%-2.6pp
Net margin1.9%-1.6pp
FCF margin1.2%-6.0pp

Returns & leverage

See full
Return on equity8.9%-8.1pp
Debt / equity0.8×+0.1×
Current ratio1.2×0.0×

Segments

By segment

See full
Energy$999.9M-19.2%
U And D$712.6M+2.8%

FAQ

When did Primoris Services report Q2 2026 earnings?
Primoris Services (PRIM) reported Q2 2026 earnings on August 4, 2026 after market close.
What were Primoris Services's Q2 2026 revenue and EPS?
Primoris Services reported revenue of $1.7B and eps of $-0.27 for Q2 2026.
Did Primoris Services beat estimates in Q2 2026?
Revenue missed the consensus estimate of $1.7B by $45.9M. EPS beat the consensus estimate of $-0.35 by $0.08.
How did Primoris Services's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 10.7% from $1.9B a year earlier.
Where can I find Primoris Services's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001361538-26-000021) and the 10-Q periodic report (0001104659-26-090540) directly on SEC EDGAR. The filing index links above go to sec.gov.