Electric Infrastructure Growth
Electric segment revenue surged 43.6% YoY to $7.84B in Q2 FY2026, driven by high utility capital spend on grid modernization, renewable energy integration, data center power demand, and $575M in revenues from recent acquisitions.
Underground and Infrastructure Expansion
Underground and Infrastructure segment revenue expanded 30.7% YoY to $1.72B in Q2 FY2026, supported by approximately $355M from acquired businesses such as Dynamic Systems LLC, despite ongoing fluctuations in large pipeline projects.
Record Backlog and Performance Obligations
Total backlog grew 21.5% from December 31, 2025 to reach $53.44B as of June 30, 2026, while remaining performance obligations rose 41.2% to $33.55B, demonstrating strong long-term demand visibility across utility and technology markets.