Filing Flows › Sterling Infrastructure (STRL) › Q3 2026
Sterling Infrastructure (STRL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Sterling Infrastructure (STRL) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), +127% from a year earlier and +34% from the quarter before. Operating margin was 19.6%, net earnings $215M (13.7% of revenue).
Sterling Infrastructure, Q3 2026: revenue $1.6B (+127% year over year), operating margin 19.6%, net earnings $215M, operating cash flow $99.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +34% | +127% |
| Gross profit | $377M | +30% | +122% |
| Operating profit | $307M | +40% | +145% |
| Net earnings | $215M | +38% | +133% |
| Operating cash flow | $99.1M | -39% | +18% |
| Free cash flow | $53.3M | -53% | -17% |
What changed
Revenue was $1.6B in Q3 2026, up 127% year over year and up 34% from the previous quarter. E-Infrastructure Solutions Revenues was the largest line at 83% of revenue. E-Infrastructure Solutions Revenues added $0.89B year over year (up 212%), 101% of the total change. Building Solutions Revenues declined 5%.
Gross margin was 24.1%, down 0.6 points from Q3 2025. Operating profit was $0.31B, a 19.6% margin (up 1.4 points year over year). Of the extra revenue versus Q3 2025, 21% reached operating profit, above the 18% margin then. Operating expenses grew 57% against revenue growth of 127%. The fastest-growing cost line was General & admin (+63%). Net earnings were $0.21B, up 133% year over year. The effective tax rate was 24.9%.
Operating cash flow was $0.10B (up 18% year over year), 43% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.17B. Capital expenditures of $0.05B left free cash flow of $0.05B.
Questions
What was Sterling Infrastructure's revenue in the third quarter 2026?
Sterling Infrastructure (STRL) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), +127% from a year earlier and +34% from the quarter before.
Was Sterling Infrastructure profitable in the third quarter 2026?
Operating profit was $307M (19.6% of revenue) and net earnings $215M.