SOLV Energy, Inc. MWH

SOLV Energy, Inc. (MWH) reported $676.8 million of revenue for the quarter ending 31 March 2026 alongside a net loss attributable to the parent of $23.4 million, per its 10-Q filed with SEC EDGAR on 13 May 2026. The company announced the quarter through an 8-K and press release dated 12 May 2026. Diluted earnings came to minus $0.20 a share on 115.3 million weighted average diluted shares, and operating income was a loss of $7.2 million.

The business is a builder and maintainer of power plants. Its 10-K states that SOLV derives revenue primarily from engineering, procurement and construction (EPC) and operations and maintenance (O&M) services for solar energy and battery storage projects. It also runs Vitals, described in the filing as a web-based power plant performance monitoring and reporting platform used by field services teams to assess system performance without slowing energy production. Revenue for this kind of contractor arrives in stages tied to project milestones, which is why a single quarter's profit line moves around more than the underlying work does.

The balance sheet, as of 31 March 2026, shows assets of $1.96 billion, liabilities of $1.15 billion and stockholders' equity attributable to the parent of $432.5 million. Cash and cash equivalents stood at $384.9 million. Net cash provided by operating activities was $14.2 million for the quarter, against $10.4 million of payments to acquire property, plant and equipment, so the company funded its capital spending from operations even while reporting a net loss.

The 10-Q adds detail on how revenue is recognised: it states revenues were positively impacted by $21.3 million during the three months ended 31 March 2026, and $3.8 million in the comparable 2025 period, as a result of changes in estimates on performance obligations partially satisfied before the end of the prior year. The Company says it anticipates recognising revenue on substantially all remaining performance obligations under these contracts over the next 12 to 18 months.

The source rail supplied here is filing-based rather than chart-based; no TradingView route, price level or market move is included in the evidence, so none is asserted. The named developments are SEC filings: six Form 4 ownership filings dated 5 June 2026, the 10-Q (13 May 2026), the 8-K (12 May 2026) and the 10-K (25 March 2026), plus EDGAR's submissions and companyfacts JSON for CIK 0002065636.

What changed is incremental: the quarter is reported, insiders filed routine ownership forms, and the company has restated parts of its long-contract revenue through estimate changes. What remains unproven from this rail is segment-level detail, backlog figures beyond the 12-to-18-month recognition note, any guidance, and how the cited $41 billion Wood Mackenzie O&M forecast converts into SOLV's own contracted pipeline. Those would deepen the file.