StocksMedium•12 November 2026•
1 min read
Everus Shares Plunge 29% Despite Record Q3 Revenue and Raised 2026 Guidance
Key Facts
1Everus reported record third-quarter revenue of US$1.38 billion.
2Shares fell approximately 29% as investors focused on a one-time US$7.6 million gain that boosted margins.
3The company raised its 2026 guidance and reported a record backlog of US$5.48 billion.
Everus reported record third-quarter revenue of US$1.38 billion, according to Streetwise Reports. Shares of the company fell approximately 29% as investors focused on a one-time US$7.6 million gain that boosted margins, alongside concerns regarding the firm's heavy reliance on the data center sector.
The company raised its 2026 guidance and reported a record backlog of US$5.48 billion on November 12, 2026. Everus shares experienced significant selling pressure during the November 12, 2026 session.