Filing Flows › Centuri Holdings (CTRI) › Q2 2026
Centuri Holdings (CTRI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Centuri Holdings (CTRI) reported revenue of $962M for the second quarter 2026 (Q2 2026), +33% from a year earlier and +33% from the quarter before. Operating margin was 2.5%, net earnings $6.1M (0.6% of revenue).
Centuri Holdings, Q2 2026: revenue $962M (+33% year over year), operating margin 2.5%, net earnings $6.1M, operating cash flow $20.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $962M | +33% | +33% |
| Gross profit | $69.1M | +93% | +2% |
| Operating profit | $24.1M | — | -25% |
| Net earnings | $6.1M | — | -24% |
| Operating cash flow | $20.0M | — | — |
What changed
Revenue was $962.0M in Q2 2026, up 33% year over year and up 33% from the previous quarter. Master service agreements was the largest line at 75% of revenue. Master service agreements added $127.6M year over year (up 21%), 54% of the total change.
Gross margin was 7.2%, down 2.2 points from Q2 2025. Operating profit was $24.1M, a 2.5% margin (down 1.9 points year over year). Operating profit fell $8.0M even though revenue rose $237.9M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 26% against revenue growth of 33%. The fastest-growing cost line was SG&A (+29%). Net earnings were $6.1M, down 24% year over year. The effective tax rate was 50.0%.
Operating cash flow was $20.0M, 326% of net earnings. Non-cash charges added back $35.1M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $25.3M. Capital expenditures of $27.9M exceeded it, leaving free cash flow of −$7.9M.
Questions
What was Centuri Holdings' revenue in the second quarter 2026?
Centuri Holdings (CTRI) reported revenue of $962M for the second quarter 2026 (Q2 2026), +33% from a year earlier and +33% from the quarter before.
Was Centuri Holdings profitable in the second quarter 2026?
Operating profit was $24.1M (2.5% of revenue) and net earnings $6.1M.
Source: Centuri Holdings 10-Q on SEC EDGAR.