Willdan Group, Inc. Q2 2026 Earnings Recap

Shares surged 16.3% following Willdan’s Q2 2026 report, driven by significant beats in revenue, profitability, and accelerated commercial demand that underpin raised full-year targets.

Key Takeaways

• Contract revenue rose 33% year-over-year to $231 million; net revenue grew 23% to $117 million.
• Adjusted EBITDA climbed 51% to a record $33 million; adjusted EPS increased 38% to $2.07.
• Commercial segment growth, particularly from data center electricity projects and the APG acquisition, is rapidly expanding, now representing about 25% of total business.
• Strategic acquisitions like Burton Energy are already contributing new customers and commercial energy procurement capabilities, with early integration progress.
• Recent contract wins totaling over $260 million span solar streetlighting, municipal upgrades, energy efficiency, renewable biogas, battery storage, and substations, illustrating broader customer base and project complexity.