NEW YORK — Sterling Infrastructure Inc. (NASDAQ: STRL) shares skyrocketed more than 38% Tuesday morning, surging as high as 734.01 after the heavy construction and infrastructure company reported record first-quarter results and significantly raised its full-year 2026 guidance, fueled by booming demand for data centers and other critical projects.

The stock, which opened sharply higher, traded at around 734.01 shortly after 9:51 a.m. EDT, up more than 204 points or 38.55% on heavy volume. The dramatic move pushed the company's market capitalization well above previous highs and marked one of the largest single-day percentage gains in its history.

Sterling reported first-quarter revenue of $825.7 million, smashing analyst expectations of roughly $592 million. Non-GAAP earnings per share came in at $3.59, far exceeding the consensus estimate of about $2.19. The company also posted a robust backlog and highlighted strong momentum in its E-Infrastructure segment, driven largely by hyperscale data center construction tied to artificial intelligence expansion.

Strong Guidance Fuels Optimism

Management raised its full-year 2026 outlook substantially, now projecting adjusted diluted EPS between $18.40 and $19.05 — well above prior consensus estimates around $13.59. Revenue guidance also reflects continued robust growth across its Transportation, E-Infrastructure and Building Solutions segments.

"We delivered record........

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