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CORRECTION: Cardinal Infrastructure Raises FY2026 Sales Guidance from $675.000M-$685.000M to $880.000M-$900.000M vs $715.486M Est

BenzingaAug 11, 2026, 11:24 AMBenzinga Newsdesk

Cardinal Infrastructure (NASDAQ:CDNL) raises FY2026 sales outlook from $675.000 million-$685.000 million to $880.000 million-$900.000 million vs $715.486 million estimate.

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benzinga
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Aug 11, 2026, 11:24 AM
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Aug 11, 2026, 11:24 AM
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  1. The Motley FoolAug 11, 2026, 3:33 PMKeith Noonan

    Why Cardinal Infrastructure Group Stock Just Crashed

    Cardinal Infrastructure Group's stock plummeted 27.78% after reporting mixed Q2 earnings. While the company beat revenue expectations ($226.9M vs. $274.7M estimate) and raised full-year guidance to $880-900M, it missed earnings estimates significantly ($0.26 vs. $0.47 per share). Investor concerns center on contracting margins (16-18% guidance down from 20%+) and decelerating backlog growth (35% vs. 60% YoY), suggesting weakening business quality despite strong headline revenue numbers.

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