| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.6K | 17.8% | 19.2% |
| Total Income | 1.6K | 17.8% | 19.2% |
| Expenditure | 1.5K | 14.2% | 17.1% |
| PBT | 114.85 | 103.2% | 66.3% |
| Net Profit | 65.74 | 155.8% | 229.2% |
| OPM | 7.19% | 2.93pp | 1.63pp |
| NPM | 4.02% | 2.17pp | 2.56pp |
| EPS | 1.25 | 155.1% | 228.9% |
Tutor Perini Reports Strong Second Quarter 2026 Financial Results
06 Aug 2026 · 6 Aug, 1:54 am
Summary
Tutor Perini Corporation announced strong financial results for the second quarter of 2026, marked by record revenue of $1.6 billion, up 19% year-over-year, and a record income from construction operations of $117.7 million, up 54%. Diluted EPS rose to $1.23 from $0.38 in the prior year, with adjusted EPS reaching $1.74, a 23% increase. The company also reported record first-half operating cash flow of $334.1 million and maintained a near-record backlog of $19.9 billion. Based on these strong results and a favorable outlook, Tutor Perini is raising its full-year 2026 Adjusted EPS guidance to $5.15-$5.45 and increasing its quarterly dividend by 50%.
Key Highlights
- 1
Tutor Perini Corporation reported record revenue of $1.6 billion for the second quarter of 2026, an increase of 19% compared to the same period in 2025.
- 2
Income from construction operations reached a record $117.7 million in Q2 2026, up 54% year-over-year, driven by higher-margin projects and a decrease in share-based compensation expense.
- 3
Diluted earnings per share (EPS) were $1.23 for Q2 2026, a significant increase from $0.38 in Q2 2025.
- 4
Adjusted EPS for Q2 2026 was $1.74, up 23% from $1.41 in Q2 2025, reflecting strong operational performance.
- 5
The company achieved a record first-half 2026 operating cash flow of $334.1 million, a 17% increase year-over-year.
- 6
Backlog stood at a profitable $19.9 billion as of June 30, 2026, slightly up from the previous quarter.
- 7
Tutor Perini is raising its 2026 Adjusted EPS guidance to a range of $5.15 to $5.45 and has increased its quarterly dividend by 50% to $0.09 per share.
Management Comments
Gary Smalley
We delivered outstanding results for the second quarter of 2026, highlighted by record revenue and operating income, record first half operating cash generation and, importantly, meaningfully and sequentially improved operating margins across all segments. Because of these strong results and our favorable outlook, we are raising our full-year 2026 adjusted EPS guidance to $5.15 to $5.45 and increasing our quarterly dividend by 50%. Tutor Perini's business momentum continues to grow as we advance work on our megaprojects, enabling us to demonstrate the durable growth and earnings power of our near-record backlog. We expect that this backlog, together with our pipeline of prospective opportunities that has never been larger, will continue to translate into significantly higher revenue and earnings in 2026 and beyond. All combined, we strongly believe Tutor Perini today is a more compelling value investment opportunity than at any other point in our storied history.
Informational and educational content only. Not investment advice.