Sterling Infrastructure, Inc. (STRL) Earnings
Sterling Infrastructure, Inc. is expected to report next earnings on August 3, 2026 (in NaN days), with a consensus EPS estimate of $4.95. STRL has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +24.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $2.29 | $3.59 | +56.8% | $826M | +36.8% |
| Feb 26, 2026 | $2.66 | $3.08 | +15.8% | $756M | +18.2% |
| Feb 25, 2025 | $1.31 | $1.46 | +11.5% | $499M | -6.1% |
| Nov 7, 2024 | $1.71 | $1.97 | +15.2% | $594M | +11.2% |
| Feb 26, 2024 | $1.00 | $1.28 | +28.0% | $486M | +8.8% |
| May 1, 2023 | $0.56 | $0.64 | +14.3% | $404M | -17.5% |
| Feb 27, 2023 | $0.68 | $0.66 | -2.9% | $449M | +2.5% |
| Oct 31, 2022 | $0.87 | $0.97 | +11.5% | $557M | +9.3% |
| May 2, 2022 | $0.42 | $0.65 | +54.8% | $410M | +9.7% |
| Feb 28, 2022 | $0.37 | $0.47 | +27.0% | $401M | +18.9% |
| Nov 2, 2021 | $0.58 | $0.72 | +24.1% | $463M | +15.1% |
| May 3, 2021 | $0.21 | $0.37 | +76.2% | $315M | +13.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Sterling Infrastructure is off to a fantastic start with strong revenue and adjusted EPS growth. Adjusted EBITDA more than doubled with margins expanding. Signed backlog at the end of the quarter totaled $3.8 billion, a 78% year-over-year increase, and combined backlog grew 131% to reach $5.2 billion. Visibility into high-probability future phase opportunities totaled over $1.3 billion. Focus on pursuing projects with attractive returns. In E-Infrastructure, data center demand continues strong, secured first phase of a multi-phase semiconductor fabrication campus. Transportation Solutions benefited from favorable weather in Rocky Mountain region. Building Solutions expects residential market headwinds but has long-term growth potential. Continue to look for acquisitions that are strategic fit.
Guidance
2026 revenue expected $3.7 billion to $3.8 billion, midpoint 20% increase over previous guidance and over 50% growth over 2025. Diluted EPS $16.50 to $17.15; adjusted diluted EPS $18.40 to $19.05, midpoint 36% increase from previous guidance and 72% growth over 2025. EBITDA $800 million to $831 million; adjusted EBITDA $843 million to $873 million. Increased guidance ranges for 2026 showing strong growth
Segment performance
In E-Infrastructure, first quarter revenue grew 174%, including organic growth of over 100%. The data center market was the primary growth driver. E-Infrastructure adjusted operating income increased 177% with margins expanding. CEC delivered 78% revenue growth. Revenue for site development operations more than doubled and operating margins expanded. At the end of the quarter, E-Infrastructure signed backlog, unsigned electrical awards, and future phase site development opportunities exceeded $5.0 billion. For Transportation Solutions, first quarter revenue grew 10% driven by activity in the Rocky Mountain region. Adjusted operating income grew 26%. Ended the quarter with Transportation Solutions backlog at $1.04 billion, a 20% year-over-year increase. In Building Solutions, first quarter segment revenue grew 3% driven by a pickup in homebuilder activity. Adjusted operating margins were 8.7%. Anticipate residential market will face strong headwinds throughout 2026.