MYRG MYR Group (MYRG) Q2 FY26 earnings call
MYR Group delivered a strong second quarter, achieving record revenues and backlog, largely propelled by robust performance in its Commercial and Industrial segment and the strategic acquisition of Valley Electric and Comet Electric. The company continues to benefit from ongoing infrastructure investments and electrification initiatives, maintaining operational discipline and focusing on long-term value creation. Management anticipates continued strong activity across its markets, with large project contributions expected to ramp up in late 2027 and beyond.
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MYRG operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Backlog | $2.8BA steady backlog of $2.8 billion at the end of 2025 reflects a healthy bidding environment and the continued investment in infrastructure to meet the growing electrification needs across the US and Canada.Source: earnings call transcript | $2.84BTotal backlog as of March 31, 2026, was a record $2.84 billion, 8% higher than a year ago.Source: earnings call transcript | $3.16BTotal backlog as of June 30, 2026, was a record $3.16 billion, 20% higher than a year ago.Source: earnings call transcript | +11.3% |
| Backlog T&D | $1BTotal backlog as of December 31, 2025, consisted of $1.0 billion for our T&D segment and $1.8 billion for our C&I segment.Source: earnings call transcript | $981MTotal backlog as of March 31, 2026, consisted of $981 million for our T&D segment and $1.86 billion for our C&I segment.Source: earnings call transcript | $1.27BTotal backlog as of June 30, 2026, consisted of $1.27 billion for our T&D segment and $1.89 billion for our C&I segment.Source: earnings call transcript | +29.5% |
| Backlog C&I | $1.8BTotal backlog as of December 31, 2025, consisted of $1.0 billion for our T&D segment and $1.8 billion for our C&I segment.Source: earnings call transcript | $1.86BTotal backlog as of March 31, 2026, consisted of $981 million for our T&D segment and $1.86 billion for our C&I segment.Source: earnings call transcript | $1.89BTotal backlog as of June 30, 2026, consisted of $1.27 billion for our T&D segment and $1.89 billion for our C&I segment.Source: earnings call transcript | +1.6% |
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.