IES Holdings reports 17% revenue growth and 56% net income rise in Q2 2026, driven by strong demand and Gulf Island acquisition.

IES Holdings announced a 17% increase in revenue to $974 million and a 56% rise in net income to $109.9 million for Q2 fiscal 2026, driven by strong demand in its Communications and Infrastructure Solutions segments, especially in the data center market. The company completed the acquisition of Gulf Island Fabrication, enhancing capacity and backlog, which grew 62% to $3.9 billion. Despite challenges in the Residential segment due to weak housing starts, IES is investing in growth and expects Gulf Island to contribute more significantly in fiscal 2027. The company also raised its capital spending outlook to support organic growth and new solutions for customers.