{"id":994686,"date":"2026-08-13T07:10:22","date_gmt":"2026-08-13T11:10:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/solv-energy-reports-second-quarter-2026-financial-results\/"},"modified":"2026-08-13T07:10:22","modified_gmt":"2026-08-13T11:10:22","slug":"solv-energy-reports-second-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/solv-energy-reports-second-quarter-2026-financial-results\/","title":{"rendered":"SOLV Energy Reports Second Quarter 2026 Financial Results"},"content":{"rendered":"
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SAN DIEGO, Aug. 13, 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 second quarter ended June 30, 2026.<\/p>\n

\n Financial Summary<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (in $ millions except percentages)<\/strong>\n <\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Six Months Ended June 30,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\n 2025<\/strong>\n <\/td>\n<\/tr>\n
\n Revenue<\/strong>\n <\/td>\n951<\/td>\n536<\/td>\n\u00a0<\/td>\n1,628<\/td>\n944<\/td>\n<\/tr>\n
\n Gross Profit<\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n		140<\/td>\n113<\/td>\n\u00a0<\/td>\n259<\/td>\n172<\/td>\n<\/tr>\n
\n Gross Margin<\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n		14.7%<\/td>\n21.1%<\/td>\n\u00a0<\/td>\n15.9%<\/td>\n18.2%<\/td>\n<\/tr>\n
\n Net Income<\/strong>
\n
\n 2<\/strong>
\n <\/sup>\n <\/td>\n		67<\/td>\n45<\/td>\n\u00a0<\/td>\n39<\/td>\n44<\/td>\n<\/tr>\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		145<\/td>\n113<\/td>\n\u00a0<\/td>\n269<\/td>\n172<\/td>\n<\/tr>\n
\n Adjusted Gross Margin<\/strong>
\n
\n 3<\/strong>
\n <\/sup>\n <\/td>\n		15.2%<\/td>\n21.1%<\/td>\n\u00a0<\/td>\n16.5%<\/td>\n18.2%<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/strong>\n <\/td>\n117<\/td>\n86<\/td>\n\u00a0<\/td>\n210<\/td>\n120<\/td>\n<\/tr>\n
\n Adjusted EBITDA Margin<\/strong>\n <\/td>\n12.4%<\/td>\n16.1%<\/td>\n\u00a0<\/td>\n12.9%<\/td>\n12.7%<\/td>\n<\/tr>\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) Beginning with the second quarter of 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 <\/strong>
\n Highlights<\/strong>\n <\/p>\n