AI-extracted from the 10-Q filed 2026-08-04 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 90% to $1.17B as E-Infrastructure Solutions nearly tripled to $905.0M, lifting gross margin to 24.8% and backlog to $4.33B.
Biggest Revenue Drivers
E-Infrastructure Solutions$905.0M+192% YoY
Higher volume from large mission-critical projects plus acquired electrical and mechanical business
Transportation Solutions$156.7M-20% YoY
Driven by lower heavy highway and other revenue
Biggest Revenue Drivers
Total revenue: $1.17B+90% YoY
E-Infrastructure Solutions$905.0M+192% YoY
Higher volume from large mission-critical projects plus acquired electrical and mechanical business
Within E-Infrastructure Solutions
CEC (electrical and mechanical business acquired Q3 2025)$239.9M
Revenue from the electrical and mechanical business acquired late in the third quarter of 2025
Transportation Solutions$156.7M-20% YoY
Driven by lower heavy highway and other revenue
Within Transportation Solutions
Heavy Highway$112.7M
Largest Transportation end market; declined from $133.1M a year ago
Building Solutions$106.5M-0.7% YoY
Residential concrete slabs and plumbing still affected by market downturn from homebuyer affordability
Largest Expense Items
General and administrative expense$53.1M4.5% of revenue vs 5.5%
Higher performance based compensation, increased headcount to support growth, and inflation in 2026
Acquisition related costs$12.5Mvs $2.5M a year ago
Tied to the Stone Ridge and CEC acquisitions
Intangible asset amortization$7.5Mvs $4.5M a year ago
Reflects intangibles recorded in recent acquisitions
Margins: Gross margin rose to 24.8% from 23.3%, driven by higher revenue volume and improved project margin mix in Transportation Solutions. E-Infrastructure operating margin fell to 23.3% from 27.0%.
Watch Items from the Filing
Changes in contract estimates on prior-period performance obligations added $83.1 million of net revenue this quarter, versus $42.0 million a year ago.
Backlog reached $4.33 billion and Combined Backlog $5.62 billion, with a 2.3X six-month book-to-burn ratio; E-Infrastructure RPOs nearly doubled to $3.21 billion.
Building Solutions operating income fell to $8.5 million (8.0% margin) from $9.9 million (9.2%) on a continued residential downturn from affordability pressure.
CEC and Stone Ridge, excluded from management's disclosure-controls assessment, represent 32.5% of total assets and 20.4% of quarterly revenue.
Post-quarter, the company repaid the $285 million term loan and entered a $1.5 billion revolving facility maturing July 2031, with $90 million drawn at July 2, 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
11 transactions in STRL reported by 2 members of Congress under the STOCK Act, most recent trade Aug 7, 2026. Reported transactions, not recommendations.
About STERLING INFRASTRUCTURE, INC. (STRL): stock profile, AI score and financials
STERLING INFRASTRUCTURE, INC. (STRL) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores STRL at 70.6/100 on a composite quality score built from its SEC filings, placing it at rank #202 of 2,925 stocks — the top 10% of the AI-ranked universe. STRL scores in the top quartile across balance sheet strength (93.9), revenue growth (87.4). Areas of concern include institutional flow (13.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), STERLING INFRASTRUCTURE, INC. reports quarterly revenue of $1.2B, net income of $155.8M, an operating margin of 18.8%. STRL trades on the Nasdaq exchange and files with the SEC under CIK 874238. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate STRL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for STERLING INFRASTRUCTURE, INC. directly from SEC EDGAR.