Fluor Corporation Reports Q2 2026 Revenue Increase to $4.33 Billion

Fluor Corporation reported its financial results for the second quarter of 2026, revealing a revenue increase to $4.33 billion, up from $3.98 billion in the same quarter of 2025. For the first half of 2026, revenue reached $7.99 billion, slightly higher than the $7.96 billion reported in the first half of 2025. The company’s net earnings attributable to Fluor were $114 million, or $0.82 per share, compared to $2.46 billion, or $14.93 per share, in the prior year’s quarter. The significant drop in earnings was attributed to a $3.21 billion equity method earnings in the previous year, primarily from the NuScale investment, which was fully divested in early 2026.

The company experienced notable changes in its operational segments. The Urban Solutions segment saw revenue rise to $2.90 billion in the second quarter, up from $2.07 billion a year earlier, driven by increased execution activities in mining and metals projects. Conversely, the Energy Solutions segment reported a decline in revenue to $709 million from $1.14 billion, reflecting reduced execution activity on several nearing completion projects. The Mission Solutions segment also faced a revenue decrease, reporting $716 million compared to $762 million in the prior year, largely due to reduced service volumes in its Department of Energy projects.

Fluor's strategic developments included the completion of the sale of its remaining shares in NuScale, generating total proceeds of $1.83 billion. Additionally, the company sold its ownership interest in a joint venture in Mexico for $175 million, resulting in an estimated pre-tax gain of $90 million. The company also repurchased 17 million shares of its common stock for $816 million during the quarter, as part of its ongoing share repurchase program, which has been expanded to a total of 96 million shares.

As of June 30, 2026, Fluor's total backlog increased to $26.89 billion, up from $25.54 billion at the end of 2025, bolstered by new awards totaling $6.10 billion in the second quarter. The backlog included a significant portion of projects located outside the U.S., which accounted for 42% of the total. The company reported a total employee headcount of approximately 40,000, reflecting its ongoing commitment to maintaining a skilled workforce to support its project execution capabilities.

Looking ahead, Fluor expressed optimism regarding its pipeline of opportunities, particularly in energy, commodities, and advanced technologies. The company is closely monitoring geopolitical factors that may impact its operations and is focused on leveraging its recent strategic divestitures to enhance liquidity and support future growth initiatives. Fluor anticipates continued engagement with clients across various sectors, positioning itself to capitalize on emerging market demands.