EMCOR Group (EME) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and EMCOR published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. EMCOR reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• EMCOR sold its United Kingdom operations in 2025, so the United Kingdom building services segment has no revenue in Q3 2026. Excluding that sale and acquisitions, EMCOR puts organic revenue growth at 25.5%.
• Q3 2026 GAAP results include a $34.0 million non-cash impairment of identifiable intangible assets for a business in the United States building services segment, which non-GAAP figures exclude.

Source: EMCOR Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How EMCOR splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• EMCOR's United States electrical construction and facilities services revenue was $1.9 billion in Q3 2026, up 44% from $1.3 billion in Q3 2025, 33% of total revenue.
• EMCOR's United States mechanical construction and facilities services revenue was $2.5 billion in Q3 2026, up 43% from $1.8 billion in Q3 2025, 46% of total revenue.
• EMCOR's United States building services revenue was $852 million in Q3 2026, up 5% from $814 million in Q3 2025, 15% of total revenue.
• EMCOR's United States industrial services revenue was $288 million in Q3 2026, flat on $287 million in Q3 2025, 5% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

EMCOR also guides a non-GAAP operating margin of about 10% for 2026, up from 9.5% to 9.8%. Its non-GAAP figures exclude the impairment loss on identifiable intangible assets.

In its Q3 2026 release, EMCOR said:

“Increases 2026 Revenue Guidance Range to $20.6 billion - $21.0 billion from $20.0 billion - $20.5 billion”

“Increases 2026 Non-GAAP Diluted EPS Guidance Range to $34.50 - $35.50 from $32.00 - $33.25”

Source: EMCOR Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the EME forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenues and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for EMCOR's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

EMCOR reported record Q3 2026 revenues of $5.54 billion, up 28.8% from $4.30 billion. The two construction segments carry most of it: United States mechanical construction and facilities services brought in $2,546.7 million (46% of the total) and United States electrical construction and facilities services $1,855 million (34%). United States building services added $852.4 million and United States industrial services $287.5 million. (EMCOR Q3 2026 release, Oct 29, 2026)

The largest single market for both construction segments is network and communications. In the electrical segment, the network and communications market sector was $1,046.5 million, or 56% of segment revenues, against $621.6 million a year earlier. In the mechanical segment the same sector was $985.2 million, or 38%, up from $432.1 million. EMCOR said mission critical facilities continue to require substantial electrical infrastructure and increasingly sophisticated cooling systems. (EMCOR Form 10-Q, Q3 2026, Oct 29, 2026; EMCOR Q3 2026 release, Oct 29, 2026)

Acquisitions added $313.3 million of revenue in the quarter, and the sale of the United Kingdom operations removed $136.2 million, so EMCOR puts organic revenue growth at 25.5%. During the first nine months of 2026 it acquired nine companies for upfront consideration of $809.9 million. (EMCOR Q3 2026 release, Oct 29, 2026; EMCOR Form 10-Q, Q3 2026, Oct 29, 2026)

Remaining performance obligations, EMCOR's backlog measure, reached a record $18.57 billion at September 30, 2026, against $12.61 billion a year earlier. The mechanical segment held $9,864 million of it (53%) and the electrical segment $7,242.4 million (39%). (EMCOR Q3 2026 release, Oct 29, 2026; EMCOR Form 10-Q, Q3 2026, Oct 29, 2026)

EMCOR reported diluted EPS of $9.04 and non-GAAP diluted EPS of $9.60 in Q3 2026; a year earlier both were $6.57. The only adjustment is a $34.0 million non-cash impairment loss on identifiable intangible assets, $24.7 million after taxes, which the 10-Q says followed revised long-term projections for a business within the United States building services segment, impairing an indefinite-lived trade name and customer relationships. (EMCOR Q3 2026 release, Oct 29, 2026; EMCOR Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted weighted average shares fell to 44,245,706 from 44,968,308. EMCOR repurchased 0.2 million shares for $189.9 million in the quarter and added $500 million to its repurchase authorization. The income tax rate was 27.2%, against 27.5%, and the quarterly dividend was $0.40 per share, against $0.25. (EMCOR Q3 2026 release, Oct 29, 2026; EMCOR Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

EMCOR gives a full-year outlook in its release and raised it with Q3 2026 results. It now expects 2026 revenues of $20.6 billion to $21.0 billion, up from $20.0 billion to $20.5 billion, non-GAAP diluted EPS of $34.50 to $35.50, up from $32.00 to $33.25, and a non-GAAP operating margin of about 10%, up from 9.5% to 9.8%. The non-GAAP guidance excludes the impairment loss on identifiable intangible assets. (EMCOR Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover EMCOR, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones EMCOR's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning EME is on is EME a buy or a sell?, what analysts expect next is on the EME forecast, and what the company does is on the EMCOR Group (EME) stock page.

Every number on this page can be traced to a document EMCOR published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.