Primoris Q2 FY26 operating loss widens to $26.8 million; revenue falls 10.7% to $1.7 billion

Reuters2026/08/05 10:08

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Primoris Services posts Q2 revenue of $1.7 billion, down 10.7% year over year, as gross profit falls 64.4% to $82.4 million.
Operating results swing to a $26.8 million loss from income of $126.6 million, driven by an Energy segment operating loss of $56.4 million.
Energy revenue drops 19.2% to $999.9 million as renewable work starts and project financial closes run slower than expected; Utilities revenue rises 2.8% to $712.6 million.
Backlog climbs to $13.86 billion from $11.95 billion at Dec. 31, with $6.09 billion slated for the next 12 months.
Completed the $404.7 million cash acquisition of PayneCrest Electric on May 1, adding data center services exposure; cash ends at $218.2 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Primoris Services Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-090540), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Primoris Q2 FY26 operating loss widens to $26.8 million; revenue falls 10.7% to $1.7 billion

You may also like

Crypto prices