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Smith-Midland Q2 FY26 net income drops 66.67% to $1.4 million; revenue falls 10.69% to $23.4 million
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Smith-Midland Q2 FY26 net income drops 66.67% to $1.4 million; revenue falls 10.69% to $23.4 million
  • Smith-Midland posted Q2 2026 revenue of $23.4 million, down 10.69% year over year.
  • Net income fell to $1.4 million, or $0.26 per diluted share, from $4.2 million and $0.79.
  • Gross margin narrowed 6.5 percentage points to 23.2%, due to a higher-margin special barrier rental project in Q2 2025.
  • Backlog rose to $57.4 million as of Aug. 1, up 19% from the prior quarter.
  • Post-quarter awards included a $10 million I-81 contract, a $1.7 million Louisiana data center project, and nearly $1 million in Virginia utility vaults.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smith-Midland Corporation published the original content used to generate this news brief on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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