EarningsQ2 2026 Earnings Report
MX:STNN Q2 2026 EPS Results
Actual EPS$19.77
Consensus EPS$19.44
Beat/MissBeat by +$0.33
One Year Ago EPS$16.70
MX:STNN Q2 2026 Revenue Results
Actual Revenue$27.37B
Expected Revenue$22.02B
Beat/MissBeat by +$5.34B
YoY Revenue Growth+13.42%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeAfter Close
Conference CallWednesday, August 12, 2026
MX:STNN Upcoming Earnings
Stantec's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:STNN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized robust top-line growth (net revenue +~11.5%), material margin expansion (adjusted EBITDA margin 18.7%, +90 bps YoY), record backlog ($9.2B, +17.5% YoY), strong adjusted EPS (+18.4%) and several large project wins and strategic acquisitions. Management acknowledged near-term timing-related softness in U.S. organic growth, working-capital/headcount impacts and a valuation gap affecting some M&A opportunities, but expects organic acceleration in H2, supported by backlog and the Page integration. On balance the positive operational and financial momentum substantially outweighs the highlighted near-term execution and working-capital challenges.Company Guidance
Revenue Growth
Net revenue of $1.8 billion in Q2 2026, up ~11.5% year-over-year (management cited 'almost 12%'); driven by ~3.7% organic growth and ~7.1% acquisition growth (primarily Page). Gross revenue was $2.2 billion.
Strong Profitability and Margin Expansion
Adjusted EBITDA increased over 17% year-over-year with an adjusted EBITDA margin of 18.7% in Q2 (a Q2 record), an improvement of 90 basis points YoY. Trailing 12-month adjusted EBITDA margin reached 18.0%, up 80 basis points.
Adjusted EPS Growth
Adjusted EPS rose 18.4% to $1.61 in Q2 2026 versus Q2 2025.
Project Margin and Operational Execution
Project margins improved 30 basis points to 54.5% of net revenue, reflecting stronger project selection, pricing and execution across the business.
Record Backlog and Bookings
Contract backlog reached a record $9.2 billion at quarter-end, up 17.5% year-over-year and representing ~13 months of work; backlog grew ~7% organically YoY with double-digit backlog expansion in the Global region (~25% YoY).
Sector and Regional Strength — Water, Global, U.S.
Water business: company noted close to 12% organic growth overall and Global water delivered >20% organic growth in the quarter. U.S. net revenue rose almost 13%, and Global net revenue grew over 18% (driven by ~13% organic growth, plus acquisitions and FX benefits).
Notable Project Wins
Selected for major projects including architecture and engineering for Meta's $13 billion Alberta data center, preliminary design for the 23 mgd Drake Water Reclamation Facility (Fort Collins), Redcliffe Hospital redevelopment (Queensland), and a 10-year WA Dept. of Housing & Works framework — demonstrating diverse, large-scale wins across markets.
Capital Allocation and Balance Sheet
Net debt to adjusted EBITDA remained at 1.3x (inside target 1–2x). YTD operating cash flows totaled $116 million. Company repurchased ~1.7 million shares (~1.5% of shares) for ~$175 million under NCIB and plans to seek TSX approval to expand the program.
Acquisitions and Strategic Moves
Completed the acquisition of Niche (200-person engineering/environmental firm in Australia) to bolster Environmental Services; Page acquisition performing well and will transition from 'acquisition' to 'organic' reporting in Q3/Q4, supporting H2 organic growth acceleration.
Raised and Narrowed Guidance
Management increased and narrowed adjusted EBITDA margin guidance to 17.8%–18.3% for 2026, maintained adjusted EPS growth target of 15%–18%, and expects net revenue growth of 8.5%–11.5% with overall organic growth now expected in the mid-single-digit range (U.S. & Canada mid-single-digit; Global high single-digit).
MX:STNN 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