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Turner Construction continued to ride the wave of data center construction to increase revenue and backlog in the first quarter of 2026.
The New York City-based contractor First quarter revenue reached $7.7 billionup 25% from a year ago, according to an announcement Wednesday. Results were bolstered by a portfolio of $48.9 billion, a 34% year-over-year jump. Backlog was also up 10% sequentiallysurpassing the $44.3 billion the company reported by the end of 2025.
New orders totaled $12.1 billion in the quarter, up 48% from the same period in 2025. Turner has won 10 projects with values expected to exceed $1 billion each in 2026, up from its 2025 total for billion-dollar projects.
The company, which is not publicly traded but is part of European public companies ACS and Hochtief, said growth in the quarter was mainly driven by data centers, with commercial and healthcare projects also contributing to its numbers.
“Our first-quarter results demonstrate both the impact of our work and the strength of our culture,” Peter Davoren, Turner’s president and CEO, said in the statement. “We are delivering increasingly complex projects, bringing an expanded range of services and capabilities to each task, and we do so by fostering an environment where each individual is treated with respect and dignity.”
The continued momentum in data center construction continues for the company, which is building, along with Minneapolis-based Mortenson, a $10 billion data center for Meta in Lebanon, Indiana. He also signed for $6 billion CoreWeave facility in Lancaster, Pennsylvaniain a joint venture with local builder Wohlsen Construction. And in March, he said he got over it IAD-06 Data Center in Frederick, Marylandfive months after starting the ground.
Beyond data centers, however, the company saw wins in the commercial space, a sector that has seen a tougher slide amid higher interest rates and developer uncertainty. Turner won one $500 million mixed-use development in OrlandoFlorida, earlier this month. He is also one of the contractors of the $10 billion One Beverly Hills project in Los Angeles.
The company has also benefited from a robust healthcare market. In March, the company said it had begun vertical construction of one $900 million hospital project in Pennsylvania. And at the beginning of May, it marked the top of the $2.2 billion Henry Ford Hospital expansion in Detroit.
Last week, Turner appeared as the largest contractor in the construction industry by revenue for the sixth year in a row, according to the Engineering News-Record Top 400 list.
