Construction — Data center demand drives record backlogs at major contractors as Q1 2026 earnings signal robust construction pipeline

Construction · 2026-05-08

TODAY'S SIGNAL — Q1 2026 earnings reports from Skanska, Tutor Perini, and WSP collectively paint a picture of a construction industry riding a massive infrastructure and data center wave while navigating macroeconomic uncertainty. Tutor Perini's $19.8 billion backlog and characterization of 2026 as a 'blowout' year, combined with WSP's AI- and power-generation-fueled growth and Skanska's…