Stantec Inc. second quarter revenue beats estimates driven by a record $9.2B backlog

Stantec Inc. reported strong second quarter 2026 results that surpassed analyst expectations, driven by the successful integration of the Page acquisition and robust organic expansion in international water markets. The company achieved a record contract backlog, providing approximately 13 months of forward visibility and prompting management to raise its full-year margin guidance.

Key Highlights

• Net revenue increased 11.5% to $1.8 billion, fueled by 7.1% acquisition growth and a 12.8% organic revenue surge in the Global region.
• Contract backlog reached a record $9.2 billion, representing a 17.5% year-over-year increase supported by strong demand in the Water and Buildings sectors.
• Adjusted EBITDA margin expanded by 90 basis points to 18.7%, leading the company to raise its annual 2026 margin target range to 17.8%–18.3%.
• Diluted EPS of $1.32 exceeded the $1.15 estimate, while adjusted EPS grew 18.4% to $1.61 behind improved operational efficiency and lower administrative costs.