AMRC Q2 2026 - Preliminary Earnings Alert

Event: Quartr Q2 2026 event Retrieved: 2026-08-03T20:19:00Z Comparison mode: aggressive Scorecard contract: v1 Source status: release=available | financials=available | transcript=not yet available

Consensus scorecard

Reported results and guidance

• Q2 revenue was $515.5 million, up 9% year over year; non-GAAP diluted EPS was $0.20 and adjusted EBITDA was $62.8 million.
• Ameresco increased 2026 non-GAAP EPS guidance to $1.15-$1.35 on an expected tax benefit, while maintaining $2.0-$2.2 billion revenue and $250-$270 million adjusted EBITDA guidance.
• Total project backlog reached $6.73 billion, including $4.42 billion of awarded backlog; the company recorded $1.84 billion of new awards.

Key bullish aspects

• Awarded backlog rose 65% year over year, led by data-center power-infrastructure awards, giving the company stated multi-year visibility.
• Adjusted EBITDA grew 12%, faster than revenue, while gross margin expanded to 17.7%.

Key bearish aspects

• Q2 operating cash flow was negative $107.2 million and adjusted cash from operations was negative $65.3 million, which management attributed to project-execution, billing, and collection timing.
• Corporate leverage was 3.2x, close to the 3.5x covenant, although management reported $471.0 million of financing commitments.

Key uncertainties

• The pace at which awarded data-center projects convert into contracted backlog and revenue remains the central execution variable.
• The EPS-guide increase relies in part on the timing and accounting treatment of transferable investment tax credits.

Market context

• No price snapshot included; this release was published after market close and is not evidence of a complete market reaction.

Source limitations

• API Ninjas supplied the same-date revenue and EPS estimates; its actual and difference fields were unavailable and were used only as diagnostics.

Source links

• Quartr earnings release
• Quartr standardized income statement