MYRG

MYRG posts record Q2 earnings as higher revenues, stronger margins and a $3.16B backlog fuel growth.

MYR Group benefits from surging data center construction, driving record backlog and significant margin expansion. The Commercial & Industrial segment now leads revenue growth, with 32.9% YoY revenue and 114% EBIT increases, boosting overall profitability. Shifting to fixed-price contracts in MYRG's new business is accelerating margin growth, with incremental gross margins hitting 21.5% in Q2.

AGX and MYRG are riding power infrastructure demand, but differing growth, backlogs and valuations raise a key investment question.

Investors need to pay close attention to MYRG stock based on the movements in the options market lately.

MYRG's record $3.16B backlog and rising order activity point to sustained growth, with acquisitions adding C&I capabilities and reach.

MYRG's record revenues, $3.16B backlog, rising earnings estimates and attractive valuation strengthen the case for its growth outlook.

MYR Group remains a hold despite strong Q2 results and robust data center/grid tailwinds; I seek a further price pullback before upgrading. Q2 EPS surged 86% YoY to $3.17, with revenue up 20% to $1.08B, driven by record C&I segment growth and margin expansion. Backlog hit a record $3.16B (+20% YoY), but a significant portion from large projects will not impact revenue until late 2027.

MYRG's record Q2 revenues and backlog signal continued growth, but project timing, execution and cost pressures could test its pace.

THORNTON, Colo., Sept. 01, 2026 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the Jefferies Renewables, Clean Energy, & Construction investor conference. MYR Group's Chief Executive Officer, Rick Swartz and Chief Financial Officer, Kelly Huntington will meet with institutional investors during the Jefferies Renewables, Clean Energy, & Construction Conference on September 11, 2026, virtually. This event is only available to Jefferies clients.

The heavy selling pressure might have exhausted for MYR (MYRG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.