Comfort Systems USA Q2 revenue jumps 50% amid AI, electrification, and modular construction growth

Comfort Systems USA reported a 50% year-over-year revenue increase in Q2 2026, reaching $3.27 billion, driven by growth in AI/data center infrastructure, reshoring, electrification, and modular construction. Technology-related activities now account for 58% of revenue, with a record backlog of $14.06 billion. The company is expanding capacity to meet strong demand, expecting modular production to exceed 4 million sq. ft. by the end of 2026 and 5 million by mid-2027. Despite a high valuation at 35 times forward earnings, the rapid earnings growth and increasing recurring revenue support a Buy rating for the stock.

Comfort Systems USA shares trade at USD 1,715.13 on Pluang as of Oct 12, 2026 09:21 WIB, down 1.51% in one day. The stock holds a market cap of $60.38 billion and a dividend yield of 0.21%. Despite recent price dips, the company’s strong backlog and growth prospects remain notable for investors.