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EarningsQ2 2026 Earnings Report
FIX Q2 2026 EPS Results
Actual EPS$12.53
Consensus EPS$10.46
Beat/MissBeat by +$2.07
One Year Ago EPS$6.53
FIX Q2 2026 Revenue Results
Actual Revenue$3.27B
Expected Revenue$2.99B
Beat/MissBeat by +$276.45M
YoY Revenue Growth+50.26%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeAfter Close
Conference CallThursday, July 23, 2026
FIX Upcoming Earnings
Comfort Systems's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
FIX Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive: record revenue, materially higher EPS, large margin expansion, robust backlog growth, and exceptional cash generation drove the message. Management highlighted major wins in modular and electrical businesses, closed an accretive acquisition, raised the dividend, and plans significant modular capacity expansion with attractive reported returns. Noted risks include higher absolute SG&A investment, a portion of Q2 cash driven by advanced customer payments, concentration in data center/technology exposure (with potential local moratorium/regulatory risks), and sizable ongoing capital commitments. On balance, the positive operational and financial developments substantially outweigh the identified risks.Company Guidance
Record Quarterly Revenue and Strong EPS
Revenue of $3.3 billion in Q2 2026 (first quarter above $3.0B), up $1.1 billion YoY (approximately +50%); net income $442 million and EPS $12.53, up 92% YoY.
Robust Profitability and Margin Expansion
Gross profit of $844 million, up $334 million YoY; gross profit margin increased to 25.9% from 23.5% a year ago. Mechanical gross margin rose to 25.6% (from 22.9%) and Electrical to 26.4% (from 25.3%). Operating income increased 86% to $558 million and operating margin improved to 17.1% (from 13.8%).
Significant EBITDA and Free Cash Flow Generation
EBITDA grew 80% YoY to $600 million for the quarter and trailing 12-month EBITDA is ~ $2.0 billion. Free cash flow of $999 million in Q2 2026.
Record Backlog and Strong Bookings
Backlog reached a record $14.1 billion, up $5.9 billion YoY (+73%) and up $1.6 billion sequentially (+13%). Same-store backlog is 69% higher YoY.
Outstanding Segment Growth — Electrical and Mechanical
Electrical revenue grew 81% YoY and Mechanical revenue grew 40% YoY. Industrial customers drove 75% of first-half revenue; Technology (inside Industrial) increased to 58% of revenue from 40% a year ago.
Modular Business Momentum and Capacity Expansion
Modular bookings in the quarter ~ $510 million; modular footprint >3.5 million sq ft now, >4 million by year-end, and targeted ~5 million sq ft by late summer 2027. Management reports very strong returns on modular CapEx (paybacks often within 1–2 years).
Strategic M&A and Capital Allocation Actions
Closed acquisition of Hunt Electric (May 1) expected to contribute roughly $250 million of annualized revenue. Increased quarterly dividend by $0.10 to $0.90 per share. Net cash position over $1.8 billion and continued focus on buybacks/acquisitions.
Service Revenue Growth and Long-Term Service Opportunity
Service revenue up 7% year-to-date and represents ~10% of total revenue. Management emphasizes long-term service opportunities in data centers from growing installed base.
FIX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed