The financials
SOLV Energy, Inc. by the numbers
SOLV Energy, Inc. (MWH) reported revenue of $951M in Q2 2026 (quarter ended June 30, 2026), up 133% from the same quarter a year earlier. That came with a gross margin of 15% and net income of $37M (3.9% of revenue). Its largest product in 2026-Q1 was New Construction at $651M, 96% of the disclosed total, just ahead of Existing Infrastructure at 3.7%.
| Income statement | Q2 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $951M | $408M | +133% |
| Gross profit | $140M | $59M | +136% |
| Operating income | $70M | $9.3M | +652% |
| Net income | $37M | −$714K | to a profit |
| Diluted EPS | $0.30 | n/a | n/a |
| Product | Revenue | Share |
|---|---|---|
| New Construction | $651M | 96% |
| Existing Infrastructure | $25M | 3.7% |
| Other | $1.1M | 0.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $676.8M (+66%)
Segment Latestquarter on quarteryear on year
- New Construction$650.7M$650.7MQoQ +73%year on year +73%+73%+73%
- Existing Infrastructure$25.0M$25.0MQoQ -5.8%year on year -5.8%-5.8%-5.8%
- Other$1.1M$1.1MQoQ -73%year on year -73%-73%-73%
Utilities - Renewable
Ranks #4 of 5 by Smart Score