EarningsQ2 2026 Earnings Report
MX:AMRC Q2 2026 EPS Results
Actual EPS$3.63
Consensus EPS$3.60
Beat/MissBeat by +$0.04
One Year Ago EPS$4.90
MX:AMRC Q2 2026 Revenue Results
Actual Revenue$9.36B
Expected Revenue$8.45B
Beat/MissBeat by +$913.24M
YoY Revenue Growth+9.14%
Earnings Announcement Details
QuarterQ2 2026
Date08/03/2026
TimeAfter Close
Conference CallMonday, August 3, 2026
MX:AMRC Upcoming Earnings
Ameresco's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:AMRC Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive outlook driven by record awards, substantial backlog growth, improved margins, growing energy asset and O&M businesses, and strengthened capital via the Neogenyx JV. The company acknowledged near-term cash conversion and working capital timing pressures, modest GAAP profitability impacted by asset growth and transaction-related non-controlling interests, and execution risks tied to permitting, supply chain, and project timelines for large data center opportunities. Overall, the upside from robust awards, diversified recurring revenue streams, and financing support outweigh the near-term operational and timing challenges.Company Guidance
Record New Awards
New awards reached a record $1.8 billion for the quarter, driven by $1.2 billion in data center awards and $600 million across other markets.
Backlog Expansion
Awarded project backlog increased 65% to $4.4 billion and total project backlog rose 32% to $6.7 billion, providing multi-year conversion visibility.
Revenue Growth and Strong Quarter Results
Total revenue was $515 million, up 9% year-over-year; project revenue was $381 million, up 6% YoY. Adjusted EBITDA grew 12% to $62.8 million.
Energy Asset and O&M Momentum
Energy asset revenue increased 21% to $76 million; Ameresco placed an additional 32 MW into operation, reaching 822 MW operating (513 MW in development/construction). O&M revenue rose 29%, with long-term O&M backlog exceeding $1.5 billion and service provided for over 2.5 GW of third-party solar and battery storage.
Improved Margins
Gross margin improved to 17.7%, a meaningful sequential and year-over-year improvement attributed to favorable mix and execution.
Capital Strengthening and Neogenyx JV
Closed Neogenyx JV with HASI, securing significant external capital. Secured $471 million of new financing commitments in the quarter (including $400 million related to Neogenyx). Unrestricted cash increased to $138 million and corporate leverage was 3.2x, below the 3.5x covenant.
Strategic Wins and Major Project Completions
Brought online the 250 MW Napanee battery energy storage system in Canada and energized a 560 MW solar project in Greece. Announced first successful delivery of RNG into European compliance markets and a rebranding/repositioning into two core pillars (Power Infrastructure; Building & Public Infrastructure).
Data Center Pipeline and Competitive Positioning
Added three new data center projects to awarded backlog (bringing total awarded data center projects to five plus Lemoore), representing over 1 GW of power generation. Management highlighted strong demand from hyperscalers, neoclouds, developers and expects awards-to-contracts conversion typically in 6–24 months and full implementation over subsequent 1–3 years.
Raised Non-GAAP EPS Guidance
Reaffirmed full-year 2026 guidance and increased non-GAAP EPS guidance to $1.15–$1.35, reflecting an expected tax benefit rate of 25%–40% and an accounting policy change for transferable tax credits.
MX:AMRC 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