Want to see TSE:WSP full AI Analyst Report?
EarningsQ2 2026 Earnings Report
TSE:WSP Q2 2026 EPS Results
Actual EPSC$2.88
Consensus EPSC$2.83
Beat/MissBeat by +C$0.05
One Year Ago EPSC$2.35
TSE:WSP Q2 2026 Revenue Results
Actual RevenueC$5.40B
Expected RevenueC$4.22B
Beat/MissBeat by +C$1.19B
YoY Revenue Growth+19.88%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
TSE:WSP Upcoming Earnings
WSP Global's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong, broad-based growth: record backlog, double-digit EBITDA growth, margin expansion to 19.1%, and multiple high-growth end markets (Power & Energy, data centers, water, advanced manufacturing). While management flagged short-term items (timing-related cash inflows, slightly elevated leverage after TRC, integration/reorg costs and localized softness in New Zealand), these were presented as manageable and temporary versus the demonstrated revenue, backlog and margin momentum. The positives materially outweigh the near-term execution and timing challenges.Company Guidance
Strong Top-Line Growth
Net revenue increased ~23% year-over-year (revenues up ~20% YoY) and organic net revenue growth reached 5% for the quarter, with every reportable segment contributing; roughly $800 million of net revenues were added YoY (23%) largely from strategic acquisitions.
Record Backlog and Accelerating Pipeline
Backlog reached a record ~$20.1 billion (up ~23% over 12 months) with organic backlog growth of 5.7% over the last 12 months; U.S. soft backlog reached ~$10 billion and is ~9% higher versus Q1 2026, with top 20 opportunities >$4 billion in potential revenue.
Margin Expansion and Profitability
Adjusted EBITDA grew ~29% YoY to $815 million (from $633 million), and adjusted EBITDA margin expanded 90 basis points to 19.1%, the best Q2 margin since IPO; adjusted net earnings were $389 million or $2.88/share (up $82 million or $0.53/share, +23% YoY).
Power & Energy Momentum
Power & Energy delivered another quarter of double-digit organic growth; global net revenues from top 40 power clients rose 30% YoY, U.S. net revenues and hard backlog from top 40 power clients increased 15% and 20% YoY respectively, and TRC’s hard and soft backlog rose ~30% and ~35% YoY.
Data Centers and Advanced Manufacturing Growth
Data center revenues grew >20% YoY in H1 2026 and the sales pipeline is ~30% higher than a year ago; advanced manufacturing backlog increased 29% YoY with revenue growth >20% YoY.
Regional Strength — Canada & EMEIA
Canada delivered 5.1% organic growth and backlog growth of 14.2% YoY, with strong demand across defense, mining, Power & Energy and nuclear; EMEIA posted 8.1% organic net revenue growth and organic backlog growth of 10.4%.
Improved Cash Generation and Strong FCF
Trailing 12-month free cash flow was $1.4 billion (1.5x net earnings); free cash flow for the 6-month period was $255 million and management expects cash conversion in line with historical seasonality once timing effects are normalized.
Reiterated and Upgraded Outlook
Management reiterated its 2026 outlook with increased net revenue and adjusted EBITDA ranges: net revenue $16.2B–$17B and adjusted EBITDA $3.1B–$3.18B; Q3 2026 net revenue guidance $4.15B–$4.35B and adjusted EBITDA guidance $850M–$890M.
TSE:WSP 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