EME

AI Research

EMCOR Record Q4 Revenue $4.51B → 2026 Guided $17.75-18.50B Revenue, UBS Raises PT to $945

EMCOR Group reported record Q4 2025 revenue of $4.51 billion driven by surging data center electrical and mechanical construction demand, with 2026 revenue guidance of $17.75-18.50 billion and UBS raising its price target to $945 reflecting the extraordinary backlog quality. Analysts hold a Buy consensus as data center hyperscaler spending drives EMCOR's electrical construction segment to record levels. Risks include potential data center construction normalization, skilled electrical contractor labor shortages, and project execution risk on increasingly large and complex construction contracts.