{"id":1020236,"date":"2026-11-12T08:29:07","date_gmt":"2026-11-12T13:29:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/solv-energy-reports-third-quarter-2026-financial-results\/"},"modified":"2026-11-12T08:29:07","modified_gmt":"2026-11-12T13:29:07","slug":"solv-energy-reports-third-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/solv-energy-reports-third-quarter-2026-financial-results\/","title":{"rendered":"Solv Energy Reports Third Quarter 2026 Financial Results"},"content":{"rendered":"
\n

SAN DIEGO, Nov. 12, 2026 (GLOBE NEWSWIRE) — SOLV Energy, Inc. (\u201cSOLV\u201d or the \u201cCompany\u201d) (Nasdaq: MWH), a leading provider of infrastructure services to the power industry, today announced financial results for the third quarter ended September 30, 2026.<\/p>\n

\n Financial Summary<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended
September 30,<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Nine Months Ended
September 30,<\/strong>\n <\/td>\n<\/tr>\n
\n (in $ millions, unless noted otherwise)<\/em>\n <\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2025<\/strong>
\n \n <\/td>\n<\/tr>\n
\n Revenue<\/strong>\n <\/td>\n$1,242<\/td>\n\u00a0<\/td>\n$753<\/td>\n\u00a0<\/td>\n$2,870<\/td>\n\u00a0<\/td>\n$1,697<\/td>\n<\/tr>\n
\n Gross Profit<\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n		$221<\/td>\n\u00a0<\/td>\n$148<\/td>\n\u00a0<\/td>\n$480<\/td>\n\u00a0<\/td>\n$320<\/td>\n<\/tr>\n
\n Gross Margin (%)<\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n		17.8%<\/td>\n\u00a0<\/td>\n19.7%<\/td>\n\u00a0<\/td>\n16.7%<\/td>\n\u00a0<\/td>\n18.9%<\/td>\n<\/tr>\n
\n Net income<\/strong>
\n
\n 2<\/strong>
\n <\/sup>\n <\/td>\n		$123<\/td>\n\u00a0<\/td>\n$70<\/td>\n\u00a0<\/td>\n$162<\/td>\n\u00a0<\/td>\n$114<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted Gross Profit<\/strong>
\n
\n 3<\/strong>
\n <\/sup>\n <\/td>\n		$215<\/td>\n\u00a0<\/td>\n$148<\/td>\n\u00a0<\/td>\n$484<\/td>\n\u00a0<\/td>\n$320<\/td>\n<\/tr>\n
\n Adjusted Gross Margin (%)<\/strong>
\n
\n 3<\/strong>
\n <\/sup>\n <\/td>\n		17.3%<\/td>\n\u00a0<\/td>\n19.7%<\/td>\n\u00a0<\/td>\n16.9%<\/td>\n\u00a0<\/td>\n18.9%<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/strong>\n <\/td>\n$173<\/td>\n\u00a0<\/td>\n$122<\/td>\n\u00a0<\/td>\n$383<\/td>\n\u00a0<\/td>\n$242<\/td>\n<\/tr>\n
\n Adjusted EBITDA Margin (%)<\/strong>\n <\/td>\n13.9%<\/td>\n\u00a0<\/td>\n16.1%<\/td>\n\u00a0<\/td>\n13.3%<\/td>\n\u00a0<\/td>\n14.3%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n 1) Commencing in 2026, the Company classified certain annual incentive compensation within Cost of Revenue instead of Selling, General & Administrative Expense. This change affects the presentation of Gross Profit, Gross Margin and Adjusted Gross Margin but has no impact on Net Income, Adjusted EBITDA, or cash flows. <\/sup>
\n
\n 2) Represents Net Income before Non-Controlling Interest.<\/sup>
\n
\n 3) Adjusted Gross Profit and Adjusted Gross Margin exclude the impact of the allocation of non-cash compensation expense to cost of revenue.<\/sup>\n <\/p>\n

\n Financial and Business Highlights<\/strong>\n <\/p>\n