Sterling Infrastructure's expanding semiconductor work could become a significant catalyst for its E-Infrastructure Solutions business as it moves beyond data center construction. Management said work on a large Northeast semiconductor project is running ahead of schedule, with significant revenues expected in the third quarter of 2026, and noted an initial scope award for an electric vehicle plant in Atlanta, with several additional opportunities possibly awarded in 2026 or early 2027. The push comes as E-Infrastructure revenues jumped 192% year over year in the second quarter of 2026, with mission-critical projects including data centers, large manufacturing facilities and semiconductor projects accounting for more than 92% of signed backlog. Sterling now expects E-Infrastructure revenues to grow more than 100% in 2026, including contributions from CEC and Stone Ridge, while its legacy site development business is expected to grow roughly 70% or more. Earnings estimates for 2026 and 2027 have risen over the past 60 days to $20.06 and $25.81 per share, implying year-over-year growth of 84.4% and 28.7%, and the stock has surged 66.9% year to date while trading at a forward 12-month price-to-earnings ratio of 21.2.
Sterling Infrastructure, Inc.2026/2027 earnings estimates raised to $20.06 and $25.81 per share with E-Infrastructure revenue guided to more than double
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