| Metric | Value ($ M) | Q1 FY27 | Q2 FY26 |
|---|---|---|---|
| Revenue | 231.03 | 49.0% | 33.2% |
| Total Income | 231.03 | 49.0% | 33.2% |
| Expenditure | 211.29 | 42.9% | 30.7% |
| PBT | 19.09 | 163.3% | 87.5% |
| Net Profit | 24.35 | 185.5% | 57.7% |
| OPM | 8.54% | 3.84pp | 1.73pp |
| NPM | 10.54% | 5.04pp | 1.64pp |
| EPS | 1.62 | 179.3% | 51.4% |
Willdan Group Reports Strong Second Quarter 2026 Results
07 Aug 2026 · 7 Aug, 2:00 am
Summary
Willdan Group announced strong financial results for the second quarter ended July 3, 2026. Contract revenue increased by 33.2% to $231.0 million, and net revenue grew by 23.5% to $117.2 million. Net income saw a significant rise of 57.7% to $24.3 million, with Adjusted EBITDA up 50.6% to $33.0 million. The company is raising its FY2026 financial targets based on this performance and confidence in future opportunities.
Key Highlights
- 1
Willdan Group reported contract revenue of $231.0 million for the second quarter of 2026, an increase of 33.2% compared to the prior year.
- 2
Net revenue for the second quarter of 2026 was $117.2 million, up 23.5% year-over-year.
- 3
Net income for the second quarter of 2026 surged by 57.7% to $24.3 million.
- 4
Adjusted EBITDA for the second quarter of 2026 increased by 50.6% to $33.0 million.
- 5
GAAP Diluted Earnings Per Share (EPS) for the second quarter of 2026 was $1.58, a 53.4% increase.
- 6
For the first half of fiscal 2026, contract revenue was $386.1 million, up 18.5% (23.1% normalized).
Management Comments
Mike Bieber
We delivered strong performance in the second quarter of 2026. Net revenue grew 23% year over year, including 18% organic growth, reflecting strong demand for our energy solutions. Margin expansion was driven by favorable business mix, operating leverage, and growth in our commercial business. We see compelling long-term opportunities from customers investing to meet growing electricity demand while improving grid reliability, resiliency, and affordability. Reflecting our strong performance and confidence in the opportunities ahead, we are raising our FY2026 financial targets.
Informational and educational content only. Not investment advice.