SOLV Energy Earnings Call Transcripts
Fiscal Year 2026
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Record first half 2026 results with revenue up 72% and adjusted EBITDA up 75%, driven by strong execution, growing backlog, and robust demand for solar plus storage. Raised full-year guidance and expanded capabilities through M&A, with no near-term impact from Section 232 tariffs.
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First quarter revenue rose 66% year-over-year to $677 million, with adjusted EBITDA up 174% and backlog reaching $8.2 billion. Guidance for adjusted gross profit and EBITDA was raised, reflecting strong execution, robust market demand, and strategic acquisitions.
Fiscal Year 2025
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Record 2025 results with revenue up 35% and adjusted EBITDA more than doubling year-over-year. Backlog surged to $8 billion, supporting a 2026 revenue outlook of up to $3.82 billion. Strong demand, robust safety metrics, and a focus on solar-plus-storage drive growth.