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SOLV Energy (Nasdaq: MWH) reported second quarter 2026 revenue of $951 million, up 77% year over year, with first half revenue of $1.63 billion, up 72%. Q2 2026 gross profit was $140 million and net income was $67 million, while Adjusted EBITDA reached $117 million (12.4% margin).
First half 2026 net income was $39 million, reflecting higher operating income and lower interest expense, partially offset by non-cash IPO‑related charges. Backlog as of June 30, 2026 was about $8.9 billion, up 44% year over year, with over 23 GW under O&M contract.
On July 1, 2026 SOLV closed the $40.9 million acquisition of Roberson Waite Electric, with up to $9.0 million additional earn-out. The company raised its 2026 outlook, guiding revenue to $3.87–$3.97 billion and Adjusted EBITDA to $485–$505 million, with Adjusted EBITDA margin of 12.5%–12.7%.
Panamint Capital has begun construction on Big Rooter Power, a $1.7 billion, 1.2 GWdc solar PV project at its Twin Oaks power station in Robertson County, Texas, described as the largest solar project at an existing coal mining site in North America.
The first phase, Big Rooter West (491 MWdc), is under construction and targeted for commercial operation in August 2028. The second phase, Big Rooter East (658 MWdc), is expected to start construction in December 2026 and begin operations in August 2029. Panamint expects the projects to create over 800 construction jobs and contribute more than $66 million to the local economy over Big Rooter West’s lifetime.
SOLV Energy (NASDAQ: MWH) will provide EPC services; First Solar (NASDAQ: FSLR) will supply about 2 million modules; and Nextpower (NASDAQ: NXT) will furnish NX Horizon tracker systems and software. The project will use over 34,000 tons of domestically manufactured steel and is backed by a long-term power purchase agreement with a large U.S. company, according to Panamint Capital.
SOLV Energy (Nasdaq: MWH) plans to report its second quarter 2026 financial results on Thursday, August 13, 2026. Management will review the results on a conference call at 8:30 a.m. Eastern time, with a live and archived webcast available via the company’s investor relations website.
SOLV Energy (Nasdaq:MWH) announced that underwriters fully exercised their option to buy an additional 2,250,000 Class A shares at $36.00 per share in connection with its recent offering. Of these, 1,095,240 shares are from the company and 1,154,760 from selling stockholders.
The company plans to use its net proceeds to purchase more interests in SOLV Energy Holdings LLC from existing holders, including affiliates of American Securities, certain directors and, indirectly, executive officers.
SOLV Energy (Nasdaq:MWH) showcased its expanding U.S. utility-scale solar and storage portfolio at CLEANPOWER 2026, highlighting over 4 GWdc of projects above 600 MWdc and an average project size above 300 MWdc.
The company supports nearly 22 GW of operating assets across about 155 sites nationwide.
SOLV Energy (Nasdaq:MWH) priced an upsized public offering of 15,000,000 Class A shares at $36.00 per share. The deal includes 7,301,590 new shares from the company and 7,698,410 from selling stockholders, plus a 30-day option for up to 2,250,000 additional shares.
According to SOLV Energy, its net proceeds will fund purchases of interests in SOLV Energy Holdings LLC from existing holders. The company will not receive proceeds from shares sold by selling stockholders. Closing is expected on June 1, 2026, subject to customary conditions.
SOLV Energy (Nasdaq:MWH) launched a public offering of 14,000,000 Class A shares, including 6,814,819 new shares from the company and 7,185,181 shares from selling stockholders.
The company plans to use its net proceeds to purchase interests in SOLV Energy Holdings LLC from existing holders.
SOLV Energy (Nasdaq:MWH) reported Q1 2026 revenue of $677 million, up 66% year over year, with gross profit of $119 million and gross margin of 17.6%. Adjusted EBITDA rose to $93 million. Net loss was $27 million, largely tied to a one-time, non-cash $521 million equity-award modification expense.
Backlog reached $8.2 billion with nearly 22 GW under O&M contract. SOLV agreed to acquire Roberson Waite Electric for up to $45 million and raised 2026 guidance, including revenue of $3.72–$3.82 billion and Adjusted EBITDA of $435–$455 million.
SOLV Energy (Nasdaq: MWH) will report first quarter 2026 financial results on Tuesday, May 12, 2026.
Management will discuss results on a conference call at 8:30 a.m. ET. A live webcast and presentation materials are available via the company investor site and will be archived for later access.
SOLV Energy (Nasdaq: MWH) has agreed to acquire Roberson Waite Electric (RWE), a California utility substation construction and services firm founded in 1975 and headquartered in Anaheim.
RWE’s substation expertise, utility relationships, and workforce expand SOLV’s regulated-utility capabilities across construction, testing, and commissioning. The transaction is expected to close by Q3 2026, and RWE will operate as a SOLV Energy company while retaining its leadership and operating model.