IES Holdings' third quarter 2026 revenue grew 40% to $1.24 billion, fueled by data center demand and a record $4.5 billion backlog.

IES Holdings reported fiscal third-quarter 2026 revenue of $1.24 billion, a 40% increase year-over-year, and diluted EPS of $7.57, up from $3.81 in the prior-year period.

Key Highlights

• Revenue growth was driven by the Communications (+51%), Infrastructure Solutions (+73%), and Commercial & Industrial (+109%) segments, all citing strong demand from the data center market.
• The Residential segment was a weak point, with revenue declining 6% to $324.1 million due to ongoing softness in the housing market and lower margins.
• Total backlog grew to $4.5 billion, an increase of 91% since the end of fiscal 2025, signaling continued strong future demand.
• The company announced a two-for-one forward stock split for shareholders of record on August 14, 2026.