MWH SOLV Energy (MWH) Q1 FY26 earnings call
The company delivered strong Q1 FY26 results, exceeding profitability expectations and raising full-year guidance, driven by robust project execution and a growing backlog. Strategic acquisitions like Roberson Waite Electric are expanding capabilities in utility infrastructure, while the demand for power and battery storage continues to strengthen, reinforcing the company's long-term growth trajectory.
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MWH operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Backlog | $8BBacklog as of the end of 2025 stood at $8 billion, an increase of 87% since year-end 2024, providing us meaningful visibility into future performance.Source: earnings call transcript | ~$8.2BWe ended the quarter with approximately $8.2 billion of backlog, providing strong visibility into future revenue.Source: earnings call transcript | ~$8.9BWe ended the quarter with approximately $8.9 billion of backlog, representing 44% growth year-over-year.Source: earnings call transcript | — |
| Backlog Storage / Hybrid | $2BAnd yes, and on the backlog, I think it's roughly about $8 billion kind of roughly as of the end of the year, $2 billion of that is related to either stand-alone or projects that are otherwise hybrid or both solar and battery.Source: earnings call transcript | ~$1.95BIt's roughly $1.95 billion of backlog associated to stand-alone or hybrid projects against our -- the number we just reported.Source: earnings call transcript | ~$2.5BAdditionally, and providing evidence of further market momentum, we now see approximately $2.5 billion of the reported backlog relating to projects associated with storage, either on a hybrid or stand-alone basis.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.