Filing Flows › Sterling Infrastructure (STRL) › Q2 2026
Sterling Infrastructure (STRL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Sterling Infrastructure (STRL) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +90% from a year earlier and +41% from the quarter before. Operating margin was 18.8%, net earnings $156M (13.3% of revenue).
Sterling Infrastructure, Q2 2026: revenue $1.2B (+90% year over year), operating margin 18.8%, net earnings $156M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +41% | +90% |
| Gross profit | $290M | +49% | +103% |
| Operating profit | $219M | +59% | +110% |
| Net earnings | $156M | +62% | +120% |
| Operating cash flow | $162M | -2% | +90% |
| Free cash flow | $112M | -23% | +56% |
What changed
Revenue was $1.2B in Q2 2026, up 90% year over year and up 41% from the previous quarter. E-Infrastructure Solutions Revenues was the largest line at 77% of revenue. E-Infrastructure Solutions Revenues added $0.59B year over year (up 192%), 107% of the total change. Transportation Solutions Revenues declined 20%.
Gross margin was 24.8%, up 1.5 points from Q2 2025. Operating profit was $0.22B, a 18.8% margin (up 1.8 points year over year). Of the extra revenue versus Q2 2025, 21% reached operating profit, above the 17% margin then. Operating expenses grew 83% against revenue growth of 90%. The fastest-growing cost line was Other operating costs (+283%). Net earnings were $0.16B, up 120% year over year. The effective tax rate was 23.3%.
Operating cash flow was $0.16B (up 90% year over year), 96% of net income including minority interests. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.05B left free cash flow of $0.11B.
Questions
What was Sterling Infrastructure's revenue in the second quarter 2026?
Sterling Infrastructure (STRL) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +90% from a year earlier and +41% from the quarter before.
Was Sterling Infrastructure profitable in the second quarter 2026?
Operating profit was $219M (18.8% of revenue) and net earnings $156M.