Valmont Industries (VMI) Q2 2026 EPS Beats by 6% as Utility Sales Surge
As seen on the 24/7 Wall St. homepage on July 21, 2026.
Valmont blew past earnings expectations as North America Utility sales surged 33.9% on grid modernization and data center demand, with management raising full-year EPS guidance to $22.25 to $23.50 despite agriculture falling 15.8% amid Middle East disruptions and weak commodity prices.
Continue ReadingShow less
Valmont Industries reported Q2 2026 earnings per share of $6.14, clearing the $5.76 consensus estimate by nearly 6%. Revenue came in at roughly $1.12 billion, topping expectations of about $1.09 billion by just over 2%. The result continues a strong run for the company — Q1 2026 EPS of $5.51 had already beaten estimates by a wide margin, and VMI has now outpaced Wall Street expectations in five of the past six quarters.
The standout driver was the North America Utility segment, where sales surged 33.9%, fueled by grid modernization spending and demand tied to data center buildout. That strength more than offset a 15.8% decline in the agriculture segment, which management attributed to disruptions in the Middle East and persistently weak commodity prices weighing on farmer purchasing decisions.
Sponsored
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Encouraged by the utility momentum, management raised its full-year EPS guidance to a range of $22.25 to $23.50. Investors will be watching whether infrastructure-related demand can continue to compensate for agricultural headwinds as the back half of 2026 unfolds.
Mentioned: VMI