Filing Flows › Solv Energy (MWH) › Q2 2026 › vs Q1 2026
Solv Energy (MWH) Q2 2026 vs Q1 2026 (quarter over quarter)
Solv Energy's revenue rose $274M (+41%) from $677M in Q1 2026 to $951M in Q2 2026. Gross margin 14.7% against 17.6% (-2.9 pts).
Solv Energy, Q2 2026: revenue $951M (+78% year over year), operating margin 7.3%, net earnings $37.0M, operating cash flow $31.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 14.7% | 17.6% | -2.9 pts |
| Operating margin | 7.3% | -1.1% | +8.4 pts |
| Net margin | 3.9% | -3.5% | +7.3 pts |
| Free cash flow margin | 2.8% | 0.6% | +2.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $951M | $677M | $274M | +41% |
| Gross profit | $140M | $119M | $20.5M | +17% |
| Cost of revenue | $812M | $558M | $254M | +46% |
| Other income, net | $3.0M | −$16.1M | $19.0M | — |
| Operating profit | $69.7M | −$7.2M | $76.9M | — |
| Operating expenses | $69.9M | $126M | −$56.3M | -45% |
| Pre-tax earnings | $72.7M | −$23.2M | $95.9M | — |
| SG&A | $52.6M | $111M | −$58.7M | -53% |
| Other operating costs | $17.3M | $14.9M | $2.4M | +16% |
| Net earnings | $37.0M | −$23.4M | $60.3M | — |
| Minority interests | $29.9M | −$4.1M | $33.9M | — |
| Income tax | $5.8M | $4.2M | $1.7M | +40% |
| Operating cash sources | $78.5M | $65.2M | $13.3M | +20% |
| Depreciation & amortization | $26.8M | $23.7M | $3.0M | +13% |
| Share-based compensation | $14.8M | $64.9M | −$50.1M | -77% |
| Working capital & other | $46.7M | $51.0M | −$4.3M | -8% |
| Operating cash flow | $31.8M | $14.2M | $17.6M | +123% |
| Free cash flow (OCF − capex) | $26.3M | $3.8M | $22.5M | +591% |
| Capital expenditures | $5.5M | $10.4M | −$4.9M | -47% |
Questions
How much did Solv Energy's revenue grow quarter over quarter in Q2 2026?
Solv Energy's revenue rose $274M (+41%) from $677M in Q1 2026 to $951M in Q2 2026. Gross margin 14.7% against 17.6% (-2.9 pts).