NYSE$STN
Stantec Inc · Q2 2026 earnings
Q2 2026 earnings · · After market close
Briefing
Stantec Inc reported strong Q2 2026 results with net revenue growth of 11.5% to $1.78 billion and record backlog of $9.2 billion.
Stantec delivered net revenue of $1.78 billion in Q2 2026, up 11.5% year-over-year driven by 7.1% acquisition and 3.7% organic growth. Adjusted EBITDA rose 17.1% to $332.9 million with margin expanding 90 bps to 18.7%. Diluted EPS was $1.32 and adjusted EPS $1.61, with contract backlog reaching a record $9.2 billion.
- Net revenue increased 11.5% to $1,780.6 million, with strong contributions from US acquisitions (Page) and Global organic growth of 12.8%.
- Adjusted EBITDA margin reached a record Q2 level of 18.7%, up 90 basis points, supported by higher project margins (54.5%) and cost discipline.
- Contract backlog grew 17.5% to $9.24 billion, representing 13 months of work, with organic growth across all regions.
- Company raised full-year 2026 adjusted EBITDA margin outlook to 17.8%-18.3% while reaffirming net revenue growth guidance of 8.5%-11.5%.
Headline financials
Revenue & EPS history
Stantec Inc · Revenue · Quarterly
C$1.28B
Forward guidance
Reaffirmed 2026 net revenue growth of 8.5% to 11.5% with organic growth expected in mid-single digits; raised adjusted EBITDA margin target to 17.8%-18.3%.
Tailwinds
- Record backlog supports acceleration in H2 2026.
- Strong Global organic growth and US acquisition contributions.
- Margin expansion from project execution and cost management.
Headwinds
- Seasonal factors may keep Q1/Q4 margins near low end of range.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports
-1.9%
Avg return
Earnings day
-3.3%
Avg return
5 days after
-2.9%
Avg return
30 days after
40%
2 / 5 earnings
Positive
+0.3%
Q4 2024
Best reaction
-6.4%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -6.4% | -7.8% | -13.4% | |
| Q3 2025 | -2.9% | -10.2% | -13.2% | |
| Q2 2025 | -0.4% | -2.9% | +1.2% | |
| Q1 2025 | +0.1% | +7.2% | +12.8% | |
| Q4 2024 | +0.3% | -2.6% | -1.8% |
Discussion
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