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Custom Truck One Source beats Q2 earnings, raises full-year guidance on strong AI-driven demand.

Analyst Insights
13 Sep 2026
Seeking Alpha
View Source
Bullish
Custom Truck One Source beats Q2 earnings, raises full-year guidance on strong AI-driven demand.

Custom Truck One Source (CTOS) reported a strong Q2 2026 with revenue up 10.2% and adjusted EBITDA rising 25% year-over-year, driven by robust demand in AI and infrastructure power grid buildout. The rental equipment segment, which contributes 76% of EBITDA, benefits from high operating leverage and pricing power, supporting a competitive moat. Despite a leverage ratio of 3.9x, improving cash flow and a discounted valuation at 10.3x EV/EBITDA make CTOS a compelling buy, especially after recent profit-taking. The company also raised its full-year EBITDA guidance, signaling confidence in continued growth.

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