SOLV Energy raises full-year guidance after record Q2 revenue

On Thursday, SOLV Energy (NASDAQ: MWH ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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For comprehensive financial data and transcripts, visit Access the full call at Summary SOLV Energy reported a record revenue of $1.63 billion, up 72% year-over-year, with an adjusted EBITDA of $210 million, up 75%.

The company completed the acquisition of Roberson Weight Electric, expanding utility infrastructure capabilities, contributing to a backlog of $8.9 billion, a 44% increase year-over-year.

SOLV Energy raised its full-year financial guidance, expecting revenue between $3.87 and $3.97 billion and adjusted EBITDA between $485 and $505 million.

Management highlighted a favorable market environment, with significant long-term growth in U.S. electricity demand and investment in solar and battery storage.

Strategic initiatives include continued M&A to enhance service offerings and strengthen customer relationships, supported by an ecosystem model spanning various energy infrastructure services.

Full Transcript OPERATOR Greetings and welcome to SOLV Energy's second quarter 2026 earnings call.

At this time, all participants are in a listen-only mode.

A brief question-and-answer session will follow the formal presentation.

Should anyone require operator assistance during the conference, please press Star 0 on your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Mike Adams with Investor Relations.

Thank you.

You may begin.

Mike Adams, Investor Relations Thank you.

Good morning, everyone, and thank you for joining us for SOLV Energy's second quarter 2026 earnings conference call.

Before we begin, we would like to remind you that this conference call may include forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

These statements, which are subject to various risks, uncertainties and assumptions, could cause our actual results to differ materially from these statements.

These risks, uncertainties and assumptions are detailed in this morning's press release as well as our filings with the SEC, which can be found on our website at investors.solvenergy.com.

We undertake no obligation to revise or update any forward-looking statements or information, except as required by law.

During our call today, we will also reference certain non-GAAP financial information.

The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.

Reconciliations of GAAP to non-GAAP measures can be found in this morning's press release and in our SEC filings.

Joining me on the call today is SOLV Energy CEO George Hirschman and CFO Chad Potkin.

Following our prepared remarks, we'll open the call for your questions.

As a reminder, there will be a replay of this call posted on the IR website.

With that, I'll turn the call over to George.

George Hirschman, CEO Great.

Thank you, Mike.

And good morning, everyone.

I'm very excited to report that we are executing more work today than at any point in our company's history.

With our largest projects to date underway and more employees working safely across the country than ever before, that is a reflection of both the scale we have achieved and the incredible strength and dedication of our teams.

I'm proud of where we are and even more excited about where we are going.

Now let's walk through our highlights for the second quarter.