STRL — Sterling Infrastructure

Quarterly Earnings Performance

Calendar 2025

Quarter Period Report Date Revenue YoY Growth EPS (non-GAAP) Guidance (next qtr) Notes
Q1 2025 Jan–Mar 2025 2025-05-05 $430.9M +7% $1.63 FY25 guidance raised Adj. EBITDA $80M (+31%); E-Infrastructure strong
Q2 2025 Apr–Jun 2025 2025-08-05 $614.5M +21% $2.69 FY25 adj. EPS midpoint ~$10; rev. midpoint +13% Record Q2; CEC acquisition announced ($505M)
Q3 2025 Jul–Sep 2025 2025-11-04 $689.0M +32% $3.48 FY25 adj. EPS $10.35–$10.52; margin >20% Record Q3; CEC contributed $41.4M rev.; gross margin 24.7%
Q4 2025 Oct–Dec 2025 2026-02-25 $755.6M +78% $3.08 2026 rev. $3.05–$3.20B; adj. EPS $11.65–$12.25 Beat est. ($634.7M); adj. EBITDA margin first >20%
FY 2025 Full Year $2,490.0M +32% $10.88 Adj. EBITDA margin >20%; adj. net income +53%
Note: Q3 and Q4 2025 YoY growth rates are adjusted for the RHB deconsolidation. Full-year 2025 revenue of $2.49B and adj. diluted EPS of $10.88 represent record results.

Calendar 2026

Quarter Period Report Date Revenue YoY Growth EPS (non-GAAP) Guidance (next qtr) Notes
Q1 2026 Jan–Mar 2026 2026-05-04 $825.7M +92% $3.59 2026 rev. $3.70–$3.80B; adj. EPS $18.40–$19.05 Beat consensus ($430M est.); E-Infrastructure data center surge

Upcoming

Quarter Est. Report Date Est. Revenue Est. EPS Source
Q2 2026 2026-08-xx (est.) ~$950M (est.) StockTitan / MarketBeat

Commentary

Sterling Infrastructure has undergone a dramatic transformation into a high-growth data center and semiconductor infrastructure play through its E-Infrastructure Solutions segment. Full-year 2025 revenue grew 32% (ex-RHB) to $2.49B with adjusted diluted EPS of $10.88 (+53%), while adjusted EBITDA margin exceeded 20% for the first time in company history. Q1 2026 revenue surged 92% year-over-year to $825.7M, crushing the $430M consensus estimate, driven by massive data center construction activity. Management raised its full-year 2026 guidance to $3.70–$3.80B revenue and $18.40–$19.05 adjusted diluted EPS, implying approximately 72% EPS growth at the midpoint; key risks include project concentration and CEC acquisition integration.


Sources

  • Sterling Q1 2025 Press Release – PR Newswire
  • Sterling Q2 2025 Press Release – PR Newswire
  • Sterling Q3 2025 Press Release – Sterling IR
  • Sterling Q4 & Full Year 2025 Press Release – Sterling IR
  • Sterling Q1 2026 – StockTitan
  • Sterling Q4 2025 Beat – Investing.com
  • Sterling Q3 2025 Slides – Investing.com
  • Sterling Q1 2025 – GuruFocus
  • Sterling Infrastructure Earnings – MarketBeat

  • Generated: 2026-05-11