SOLV Energy, Inc. (NASDAQ: MWH) saw its shares surge 6.00% in pre-market trading on Tuesday, following the release of its first-quarter 2026 financial results.
The company reported quarterly revenue of $677 million, a significant 66% increase year-over-year, which exceeded analyst estimates. Adjusted EBITDA climbed to $93 million, representing a 174% surge from the prior year. SOLV Energy also highlighted a robust total backlog of $8.2 billion and announced the acquisition of Roberson Waite Electric for $45 million to expand its utility services capabilities.
Investors reacted positively to the company's raised full-year 2026 guidance, which now calls for revenue between $3.72 billion and $3.82 billion and adjusted EBITDA in the range of $435 million to $455 million, signaling strong confidence in continued momentum.