Filing Flows › MYR Group (MYRG) › Q1 2026
MYR Group (MYRG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
MYR Group (MYRG) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), +20% from a year earlier and +3% from the quarter before. Operating margin was 6.5%, net earnings $46.8M (4.7% of revenue).
MYR Group, Q1 2026: revenue $1.0B (+20% year over year), operating margin 6.5%, net earnings $46.8M, operating cash flow $84.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +3% | +20% |
| Gross profit | $134M | +21% | +39% |
| Operating profit | $64.7M | +39% | +89% |
| Net earnings | $46.8M | +28% | +101% |
| Operating cash flow | $84.7M | -26% | +2% |
| Free cash flow | $68.6M | -19% | -2% |
What changed
Revenue was $1.0B in Q1 2026, up 20% year over year and up 3% from the previous quarter. T&D was the largest line at 54% of revenue. C&I added $0.09B year over year (up 24%), 53% of the total change.
Gross margin was 13.4%, up 1.8 points from Q1 2025. Operating profit was $0.06B, a 6.5% margin (up 2.4 points year over year). Of the extra revenue versus Q1 2025, 18% reached operating profit, above the 4% margin then. Operating expenses grew 11% against revenue growth of 20%. Net earnings were $0.05B, up 101% year over year. The effective tax rate was 26.9%.
Operating cash flow was $0.08B (up 2% year over year), 181% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.02B left free cash flow of $0.07B.
Questions
What was MYR Group's revenue in the first quarter 2026?
MYR Group (MYRG) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), +20% from a year earlier and +3% from the quarter before.
Was MYR Group profitable in the first quarter 2026?
Operating profit was $64.7M (6.5% of revenue) and net earnings $46.8M.
Source: MYR Group 10-Q on SEC EDGAR.