STN stock: Stantec reports 11.50 percent revenue growth. Stifel cuts Stantec stock target to CAD 113

Published on 10/24/2026 at 04:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter backlog reached USD 9.2 billion, up 17.5 percent year over year. November 12 results test Stantec stock after margin reached 18.70 percent.

Operating growth and next dates

Stantec reported USD 1.8 billion in second-quarter net revenue on October 14, 2026.
The second-quarter adjusted EBITDA margin reached 18.70 percent, while backlog stood at USD 9.2 billion.
Stantec will release third-quarter results on November 12, 2026, followed by a conference call on November 13, 2026.

STN, CA85472N1096, Illustration mit AI erstellt.

Stantec (CA85472N1096) reported second-quarter net revenue of USD 1.8 billion, up 11.50 percent year over year on October 14, 2026, according to Benzinga. On October 9, 2026, Stifel cut its Stantec target from CAD 140.00 to CAD 113.00 while retaining a Buy rating, as reported by Markets Insider.

Margins set the tone

The operating improvement was more important than revenue growth alone. Stantec said its adjusted EBITDA margin reached 18.70 percent in the second quarter, a 90 basis point increase from the prior-year quarter, while adjusted earnings per share rose 18.40 percent to USD 1.61, according to Benzinga. Management also raised full-year adjusted EBITDA margin guidance to 17.80 percent to 18.30 percent.

Three events shape the picture

On July 31, 2026, Stantec completed the acquisition of Niche, a 200-person engineering and environmental consultancy in Australia. On October 14, 2026, second-quarter net revenue reached USD 1.8 billion and contract backlog reached USD 9.2 billion, up 17.50 percent year over year. On October 21, 2026, Stantec scheduled its third-quarter results for November 12, according to Yahoo Finance.

What does the margin mean?

The 18.70 percent adjusted EBITDA margin gives the November results a clear operating benchmark. Stantec also expects second-half activity to improve in the United States and maintains full-year adjusted earnings per share growth guidance of 15.00 percent to 18.00 percent, according to Benzinga. The key test is whether backlog converts into revenue without giving back the margin expansion.

November brings two dates

Stantec will release third-quarter 2026 financial results after markets close on November 12, 2026. The company will hold its webcast and conference call on November 13, 2026, at 8:00 a.m. ET, according to Yahoo Finance.

TSX price before the next report

Stantec last traded at CAD 99.59 on the TSX on October 23, 2026, while investors weigh the 17.80 percent to 18.30 percent margin outlook and the approaching results date. The company trades on both the TSX and the NYSE under STN. The further course of trading is shown by the continuously updated real-time quote of Stantec stock.