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Legence Corp. lifts 2026 revenue outlook on faster execution
The company raised full-year 2026 revenue guidance to $4.7 billion to $4.8 billion and increased capex by $15 million to $20 million to expand fabrication capacity.
Legence Corp. reported organic revenue growth of nearly 60% in the quarter, driven primarily by demand from data center and other technology end markets where customers are emphasizing faster speed-to-market, according to a Yahoo Finance summary of the company’s Q2 2026 earnings call.
Management said it attributes a record $5.7 billion backlog to a momentum effect, pointing to rising project complexity and larger project sizes that it says favor firms with large-scale technical expertise and fabrication capacity.
Legence also highlighted operating progress from a 200,000 square foot expansion of fabrication capacity, moving more work from the field to controlled factory environments. The company reduced pro forma net leverage from 3.0x to 1.5x over three quarters, despite completing the Bowers acquisition, which management described as validation of its capital allocation.
Looking ahead, full-year 2026 revenue guidance was raised to $4.7 billion to $4.8 billion, and capital expenditure guidance was increased by $15 million to $20 million to support additional fabrication expansion, including advanced tooling and automation. Management said quarterly booking volatility has increased due to larger project awards, including some exceeding $100 million, and that clients are increasingly seeking to lock in capacity for 2027 and beyond.