Filing Flows › Sterling Infrastructure (STRL) › Q2 2026 › vs Q1 2026
Sterling Infrastructure (STRL) Q2 2026 vs Q1 2026 (quarter over quarter)
Sterling Infrastructure's revenue rose $343M (+41%) from $826M in Q1 2026 to $1.2B in Q2 2026. The biggest changes: E-Infrastructure Solutions Revenues +$307M (+51%); Transportation Solutions Revenues +$23.8M (+18%); Building Solutions Revenues +$11.4M (+12%). Gross margin 24.8% against 23.5% (+1.3 pts).
Sterling Infrastructure, Q2 2026: revenue $1.2B (+90% year over year), operating margin 18.8%, net earnings $156M, operating cash flow $162M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 24.8% | 23.5% | +1.3 pts |
| Operating margin | 18.8% | 16.7% | +2.1 pts |
| Net margin | 13.3% | 11.6% | +1.7 pts |
| Free cash flow margin | 9.6% | 17.7% | -8.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| E-Infrastructure Solutions Revenues | $905M | $598M | $307M | +51% |
| Transportation Solutions Revenues | $157M | $133M | $23.8M | +18% |
| Building Solutions Revenues | $106M | $95.1M | $11.4M | +12% |
| Revenue | $1.2B | $826M | $343M | +41% |
| Gross profit | $290M | $194M | $95.7M | +49% |
| Cost of revenue | $878M | $631M | $247M | +39% |
| Operating profit | $219M | $138M | $81.4M | +59% |
| Operating expenses | $70.7M | $56.5M | $14.2M | +25% |
| Pre-tax earnings | $220M | $137M | $82.5M | +60% |
| General & admin | $53.1M | $47.9M | $5.3M | +11% |
| Other operating costs | $17.6M | $8.6M | $8.9M | +103% |
| Net earnings | $156M | $96.0M | $59.9M | +62% |
| Minority interests | $12.8M | $7.8M | $5.0M | +64% |
| Income tax | $51.3M | $33.7M | $17.7M | +52% |
| Depreciation & amortization | $25.0M | $23.0M | $1.9M | +8% |
| Share-based compensation | $8.1M | $7.5M | $645K | +9% |
| Working capital & other | $26.5M | −$39.1M | $65.6M | — |
| Operating cash flow | $162M | $166M | −$3.1M | -2% |
| Free cash flow (OCF − capex) | $112M | $146M | −$33.5M | -23% |
| Capital expenditures | $50.0M | $19.6M | $30.4M | +155% |
Questions
How much did Sterling Infrastructure's revenue grow quarter over quarter in Q2 2026?
Sterling Infrastructure's revenue rose $343M (+41%) from $826M in Q1 2026 to $1.2B in Q2 2026.
What drove Sterling Infrastructure's revenue change in Q2 2026?
E-Infrastructure Solutions Revenues +$307M (+51%); Transportation Solutions Revenues +$23.8M (+18%); Building Solutions Revenues +$11.4M (+12%).