This Under-the-Radar AI Infrastructure Stock Just Crushed Estimates and Raised Guidance

Sterling Infrastructure reported third-quarter revenue of $1.56 billion, up 127% year-over-year, beating analyst expectations. The company's backlog grew 78% to $6.14 billion, driven primarily by AI data center construction and electrical work. Management raised full-year 2026 revenue guidance by $600 million to $4.68 billion at the midpoint, with the stock trading at a 16.7x forward P/E multiple.