# Comfort Systems Q3 2026 Earnings Report

> Comfort Systems reports 54% revenue growth and $13.91 EPS as tech infrastructure demand surges.
- Title: Comfort Systems Q3 2026 Earnings Report · The Motley Fool
- Summary: Comfort Systems reports 54% revenue growth and $13.91 EPS as tech infrastructure demand surges. Comfort Systems (FIX) reported record Q3 2026 earnings with…
- Keywords: comfort systems, fix, q3 2026, earnings call, revenue, diluted eps, backlog, operating cash flow, free cash flow, electrical segment, mechanical segment, modular construction
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/23/comfort-systems-fix-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-23T18:53:00+00:00
- Read time: 2 min
- Topics: comfort systems, fix, q3 2026, earnings call, revenue, diluted eps, backlog, operating cash flow, free cash flow, electrical segment, mechanical segment, modular construction
## Q3 2026 Earnings Results
Comfort Systems reported record financial results for Q3 2026 with $3.77 billion revenue, a 54% year-over-year increase.
## Diluted EPS Growth
Diluted earnings per share rose to $13.91, up from $8.25 last year due to higher activity levels and improved mechanical business profitability.
## Backlog Expansion
Backlog reached $17.81 billion, growing 90% year-over-year and marking the eighth consecutive sequential increase.
## Operating Cash Flow
Operating cash flow totaled $1.01 billion, reflecting strong earnings and favorable collections from technology customers.
## Free Cash Flow
Free cash flow reached $805.6 million, benefiting from advantageous payment terms and efficient project execution.
## Electrical Segment Growth
Electrical segment revenue grew 85% year-over-year driven by increased demand for data center and semiconductor infrastructure.
## Mechanical Segment Growth
Mechanical segment revenue increased 43% year-over-year with improved gross margins to 25.1%.
## Technology Sector Share
Technology sector revenue now accounts for 59% of total revenue, up from 42% last year.
## Modular Construction
Modular revenue represents 17% of total revenue year-to-date with plans to expand capacity to 6 million square feet by end of 2027.
## Acquisitions
Lewis Electrical and Neopod were acquired on August 1, 2026, expected to contribute over $100 million in annual revenue.
## Dividend Increase
Quarterly dividend increased by $0.10 to $1.00 per share, representing a $0.10 increase over the prior quarter.
## Share Repurchases
Company returned $349 million to shareholders year-to-date through share repurchases and retirement of 212,000 shares.
## CEO Retirement
Bill George will retire as Chief Financial Officer after nearly 30 years of service, with Julie Shaeff set to succeed him.
## Margin Analysis
Sequential margin decline due to higher equipment and materials costs, but gross margins remain strong at 24.8%.
## Backlog Duration
Backlog duration extended to 18-24 months, up from historical averages of approximately nine months.
## Future Outlook
Company expects mid-40% revenue growth for full year 2026 and mid-20% growth for 2027, with continued focus on modular expansion.
## Key takeaway

Comfort Systems (FIX) reported record Q3 2026 earnings with $3.77 billion revenue and $13.91 diluted EPS, driven by 54% year-over-year growth in technology and industrial sectors.