TIC Solutions (TIC) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue reached $584.3 million, up 86% year-over-year, driven by the NV5 acquisition and strong organic growth in Consulting & Engineering and Geospatial segments.

• Adjusted EBITDA for Q2 2026 was $95 million (16.2% margin), up from $54.6 million in Q2 2025, while net loss widened to $13.3 million due to higher SG&A, interest, and amortization expenses post-acquisition.

• Adjusted gross margin improved to 38.2% in Q2 2026, with strong segment performance and margin expansion.

• Record combined Consulting & Engineering and Geospatial backlog reached $1.18 billion, a 20% increase year-over-year, supporting long-term strategy.

• Reaffirmed full-year 2026 guidance for revenue and Adjusted EBITDA, with robust cross-selling and integration efforts.

Financial highlights

• Q2 2026 revenue: $584.3 million (+86% YoY); six-month revenue: $1.072 billion (+96% YoY); combined organic revenue growth for Q2 2026: 2.5%.

• Q2 2026 Adjusted EBITDA: $95 million (16.2% margin); Adjusted gross profit: $223 million; Adjusted gross margin: 38.2%.

• Q2 2026 net loss: $13.3 million; Adjusted diluted EPS: $0.14.

• Total liquidity as of June 30, 2026: $473.5 million; total term loan debt: $1.6 billion.

• SG&A expenses: $193.3 million in Q2 2026 (33% of revenue), mainly due to NV5 integration and higher amortization.

Outlook and guidance

• Full-year 2026 revenue guidance: $2,150–$2,250 million; Adjusted EBITDA guidance: $330–$355 million.

• Q3 2026 revenue expected at $610–$630 million, Adjusted EBITDA at $100–$110 million.

• Management remains confident in long-term financial targets and ongoing integration benefits.

• Backlog at record $1.18 billion, up 20% year-over-year, supporting strong visibility into the second half and 2027.