MYR Group Q2 revenue hits record $1.08 billion; net income $49.9 million, $3.17 per share
MYR Group reported record second-quarter 2026 revenue of $1.08 billion, up $181.4 million from a year earlier, and net income of $49.9 million, or $3.17 per diluted share, versus $1.70 a year earlier. Gross margin rose to 13.2% from 11.5%, though the company said part of the gain came from changes in estimated gross profit on certain projects, and record backlog reached $3.16 billion at June 30, 2026.
Key points
- Q2 2026 revenue of $1.08 billion, up $181.4 million from Q2 2025; C&I segment revenue of $557.7 million was a record
- Q2 net income of $49.9 million, or $3.17 per diluted share, versus $1.70 per diluted share in Q2 2025
- Gross margin of 13.2% versus 11.5%; changes in project estimates added a net 0.9 percentage points
- Backlog of $3.16 billion at June 30, 2026, up 19.6% from $2.64 billion a year earlier; free cash flow was negative $25.6 million in Q2
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.