SOLV Energy Q1 FY26 net loss widens to $27 million; revenue rises 66% to $677 million

SOLV Energy

SOLV Energy

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  • SOLV Energy posted first-quarter revenue of $677 million, up 66% year over year.
  • Net loss widened to $27 million, driven mainly by a one-time, non-cash $52 million charge tied to modification of legacy equity awards from the IPO reorganization.
  • Adjusted EBITDA climbed to $93 million, up 174% year over year.
  • Backlog stood at $8.2 billion as of March 31, with nearly 22 GW under contract for O&M services.
  • Full-year 2026 guidance calls for revenue of $3.72 billion-$3.82 billion, with adjusted EBITDA of $435 million-$455 million; SOLV also agreed to buy Roberson Waite Electric for $45 million, targeting a third-quarter close.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SOLV Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605120700PRIMZONEFULLFEED9718185) on May 12, 2026, and is solely responsible for the information contained therein.

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