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Innovate (VATE) Infrastructure revenue by quarter

Innovate's Infrastructure revenue was $414M in Q2 2026 (second quarter 2026), +16% from Q1 2026. Over the last 7 quarters it ranged from $226M (Q4 2024) to $414M (Q2 2026).

Innovate Infrastructure revenue by quarterInnovate Infrastructure revenue by quarter$226MQ4 2024$265MQ1 2025$233MQ2 2025$338MQ3 2025$374MQ4 2025$358MQ1 2026$414MQ2 2026
QuarterInfrastructure revenueQ/QY/Y
Q2 2026$414M+16%+78%
Q1 2026$358M-4%+35%
Q4 2025$374M+10%+66%
Q3 2025$338M+45%—
Q2 2025$233M-12%—
Q1 2025$265M+17%—
Q4 2024$226M——

Q2 2026 at a glance

Innovate, Q2 2026: revenue $422M (+74% year over year), operating margin 8.2%, net earnings $10.7M, operating cash flow −$24.6M. The chart follows the revenue to costs, profit and cash.

Questions

What is Innovate's Infrastructure revenue?

Innovate's Infrastructure revenue was $414M in Q2 2026 (second quarter 2026), +16% from Q1 2026.

How has Innovate's Infrastructure revenue changed?

Over the last 7 quarters it ranged from $226M (Q4 2024) to $414M (Q2 2026).

Q2 2026 results → · How Innovate makes money →