The strong beat and raised guidance validate Solaris' pivot to data center power, likely driving upside. Watch for further contract announcements and capacity additions; the S-3ASR shelf filed 14 days ago could enable insider selling but does not change the positive trajectory.
Price Chart
Executive Summary
Solaris Energy Infrastructure reported Q1 2026 revenue of $196M, beating consensus of $184.8M, and adjusted pro forma EPS of $0.44, well above the $0.26 estimate. Guidance for Q2 2026 Adjusted EBITDA was raised to $83-93M, and a third long-term 600 MW power contract was signed, reinforcing the strong demand for data center power solutions.
Key Financial Metrics
Key Facts
- Revenue of $196M grew 55% YoY and 9% sequentially
- Adjusted pro forma EPS of $0.44 beat consensus of $0.26 by 69%
- Q2 2026 Adjusted EBITDA guidance raised to $83-93M (from $76-84M)
- Third long-term power contract signed: 600 MW with an investment-grade global technology company
- Power Solutions segment revenue up 24% sequentially to $129M; Logistics Solutions down 11% to $68M
- Dividend maintained at $0.12 per share, 31st consecutive payment
- Debt increased to $1.47B (attributable to Solaris) from $973M, driven by fleet expansion
Financial Impact
Revenue beat by $11.4M (6.2%), EPS beat by $0.18 (69%), guidance raised significantly
Risk Factors
- Logistics Solutions segment declining 11% sequentially may pressure diversification narrative
- Debt has risen sharply to fund capacity expansion, increasing financial leverage
- Execution risk on 900 MW capacity additions and new contract deployments
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-027520 |
| Document: sei-20260427.htm | 0001628280-26-027520 |
| Document: 0001628280-26-027520-index-headers.html | 0001628280-26-027520 |
| Document: 0001628280-26-027520-index.html | 0001628280-26-027520 |
| Document: 0001628280-26-027520.txt | 0001628280-26-027520 |
| 8-K Data (Synthetic) | 0001628280-26-027520 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 8, 2026 20w ago | 144 | $74.66 $55.57 | ▲ +25.57% | ▲ +29.96% | $74.65 (+0.01%) |
May 6, 2026 21w ago | Insider Cluster | $77.45 $51.41 | ▲ +33.62% | ▲ +35.68% | $74.65 (+3.61%) |
May 6, 2026 21w ago | Insider Cluster | $77.45 $51.41 | ▲ +33.62% | ▲ +35.68% | $74.65 (+3.61%) |
May 6, 2026 21w ago | Insider Cluster | $77.45 $51.41 | ▲ +33.62% | ▲ +35.68% | $74.65 (+3.61%) |
May 5, 2026 21w ago | 8-K | $75.68 $51.28 | ▼ −32.24% | ▼ −34.98% | $74.65 (−1.35%) |
Apr 30, 2026 22w ago | Insider Cluster | $73.84 $52.59 | ▲ +28.78% | ▲ +31.89% | $74.65 (−1.10%) |
Apr 27, 2026 22w ago | 8-K | $74.44 $60.38 | ▼ −18.89% | ▼ −22.88% | $74.65 (+0.29%) |
Apr 13, 2026 24w ago | S-3ASR | $65.03 $68.26 | ▲ +4.97% | ▼ −3.56% | $74.65 (+14.80%) |
Apr 8, 2026 25w ago | 8-K | $61.01 $67.47 | ▲ +10.59% | ▼ −0.19% | $74.65 (+22.37%) |
Apr 1, 2026 26w ago | DEFA14A | $55.80 $80.46 | ▲ +44.19% | ▲ +30.03% | $74.65 (+33.79%) |
US Market Status
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