Sterling Infrastructure Reports Record Q3 2026 Results Driven by E-Infrastructure Growth
Sterling Infrastructure (STRL) delivered exceptional third-quarter 2026 results, reporting revenue of $1.56 billion, a 127% increase year-over-year. This surge was primarily fueled by the company's E-Infrastructure segment, which saw revenue jump 212% to $1.30 billion due to massive demand for data center and semiconductor campus development. The acquisition of CEC significantly contributed to this growth, with full-year electrical business revenue expected to surpass $1 billion. The company also demonstrated strong profitability, with adjusted diluted EPS rising 118% to $7.58. While the Building Solutions segment faced a slight decline due to residential market slowdowns, the overall outlook remains robust. Sterling raised its full-year 2026 guidance for both revenue and earnings per share, supported by a massive combined backlog of $6.14 billion and nearly $8 billion in total scoped work.
Tickers: $STRL
Topics: Acquisition Impact Data Center Demand EPS Increase Guidance Raise Revenue Growth