Jun 2026 (Q2 FY26) — Aug 13, 2026
SOLV Energy Q2 FY26 — Record Performance Driven by Strong Backlog and Market Demand
Read the full callSOLV Energy (MWH) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
SOLV Energy earnings: last reported Thu, 13 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 951 | +77.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 7.3 | −3.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 37.0 | −16.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$23.85 −0.46% · −$0.11
Performance −22.8% YTD
YTD: $30.91 on 12 Feb 2026 → $23.85. High $46.77 (13 May 2026), low $23.81 (28 Sept 2026).
- Previous close
- $23.96
- 52-week range
- $23.81 – $46.77
Overview
- Symbol
- MWH
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 12, 2026
SOLV Energy Q1 FY26 — Strong Execution Drives Backlog Growth and Raised Guidance
Read the full callDec 2025 (Q4 FY25) — Mar 19, 2026
SOLV Energy Q4 FY25 — Record Performance Driven by Strong Backlog and O&M Growth
Read the full callEvery analysed call
SOLV Energy earnings calls (MWH)
Financials
What the filings say
Net profit, year on year: −16% (quarter to jun 2026 against jun 2025).
| Line item | Mar 2025 | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Sales | 408 | 536 | 677 | 951 |
| Operating profit | 9 | 58 | -7 | 70 |
| Operating margin | 2.3% | 10.8% | −1.1% | 7.3% |
| Interest | 13 | 14 | 7 | 1 |
| Profit before tax | -0 | 46 | -23 | 73 |
| Tax rate | −109.2% | 2.3% | −17.9% | 8.0% |
| Net profit | -1 | 44 | -23 | 37 |
| EPS ($ per share) | — | — | -0.20 | 0.31 |
MWH revenue by segment
| Segment | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|
| Existing Infrastructure | — | 3% | — |
| Other | — | 1% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
MWH operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | 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.
Insider filings
16 filings between Jun 1, 2026 and Aug 27, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$0
7 sales by 2 insiders
Some filings report no price, so the dollar figures above are a floor, not a total.
Compensation
not trading decisions- 6
- Award — granted as compensation
Also filed: 3 conversions.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| AMERICAN SECURITIES LLC | — | $0 | Aug 19, 2026 |
| SOLV Energy Management Holdings LP | — | $0 | Aug 19, 2026 |
Latest filings (16)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 27, 2026 | Stefanowicz Nancy Director | Award | 1,776 | — |
| Aug 27, 2026 | McQuade Daniel P Director | Award | 1,776 | — |
| Aug 27, 2026 | Jackson William C Director | Award | 1,776 | — |
| Aug 27, 2026 | Stern Laura Ellen Director | Award | 1,776 | — |
| Aug 27, 2026 | Lerner Steven J. Director | Award | 1,776 | — |
| Aug 27, 2026 | Abram J Adam Director | Award | 1,776 | — |
| Aug 19, 2026 | AMERICAN SECURITIES LLC 10% owner | Conversion | 3,069,193 | — |
| Aug 19, 2026 | AMERICAN SECURITIES LLC 10% owner | Sale | 7,939,153 | — |
| Aug 19, 2026 | AMERICAN SECURITIES LLC 10% owner | Conversion | 3,069,193 | — |
| Aug 19, 2026 | AMERICAN SECURITIES LLC 10% owner | Sale | 7,939,153 | — |
| Aug 19, 2026 | SOLV Energy Management Holdings LP 10% owner | Conversion | 1,329,803 | — |
| Aug 19, 2026 | SOLV Energy Management Holdings LP 10% owner | Sale | 1,329,803 | — |
| Jun 4, 2026 | AMERICAN SECURITIES LLC 10% owner | Sale | 1,154,760 | — |
| Jun 4, 2026 | AMERICAN SECURITIES LLC 10% owner | Sale | 1,154,760 | — |
| Jun 1, 2026 | AMERICAN SECURITIES LLC 10% owner | Sale | 7,698,410 | — |
| Jun 1, 2026 | AMERICAN SECURITIES LLC 10% owner | Sale | 7,698,410 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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