Filing Flows › MYR Group (MYRG) › Q3 2026
MYR Group (MYRG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
MYR Group (MYRG) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +32% from a year earlier and +16% from the quarter before. Operating margin was 6.8%, net earnings $60.0M (4.8% of revenue).
MYR Group, Q3 2026: revenue $1.3B (+32% year over year), operating margin 6.8%, net earnings $60.0M, operating cash flow $46.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +16% | +32% |
| Gross profit | $171M | +20% | +53% |
| Operating profit | $85.1M | +25% | +84% |
| Net earnings | $60.0M | +20% | +87% |
| Operating cash flow | $46.1M | 14× | -52% |
| Free cash flow | $9.2M | — | -86% |
What changed
Revenue was $1.3B in Q3 2026, up 32% year over year and up 16% from the previous quarter. C&I was the largest line at 56% of revenue. C&I added $0.26B year over year (up 58%), 83% of the total change.
Gross margin was 13.6%, up 1.8 points from Q3 2025. Operating profit was $0.09B, a 6.8% margin (up 1.9 points year over year). Of the extra revenue versus Q3 2025, 13% reached operating profit, above the 5% margin then. Operating expenses grew 31% against revenue growth of 32%. Net earnings were $0.06B, up 87% year over year. The effective tax rate was 27.1%.
Operating cash flow was $0.05B (down 52% year over year), 77% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.04B left free cash flow of $0.01B.
Questions
What was MYR Group's revenue in the third quarter 2026?
MYR Group (MYRG) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +32% from a year earlier and +16% from the quarter before.
Was MYR Group profitable in the third quarter 2026?
Operating profit was $85.1M (6.8% of revenue) and net earnings $60.0M.
Source: MYR Group 10-Q on SEC EDGAR.