APG APi Group (APG) Q2 FY26 earnings call
APi Group delivered another strong quarter, driven by robust organic growth across both segments and a record backlog, particularly fueled by demand in data centers and advanced manufacturing. The company continues to execute its M&A strategy, closing several acquisitions, and remains focused on its inspection-first approach and long-term financial targets, while managing the mix impact of project work. Management expressed confidence in continued momentum for the second half of the year.
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APG operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Employees | — | 29KI want to start by thanking our 29,000 teammates for their dedication to API.Source: earnings call transcript | 31KI want to begin by thanking our 31,000 leaders for their dedication to APi.Source: earnings call transcript | +6.9% |
| Backlog | $4B+Certain end markets are providing excellent project opportunities, which is evidenced by our backlog, which is north of $4 billion and continues to be very strong, robust and healthy.Source: earnings call transcript | — | $5B+We ended the second quarter with a record backlog, surpassing $5 billion for the first time in APi's history.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.