Investing.com -- EquipmentShare.com shares jumped over 8% in premarket trading Monday after the company significantly raised its fiscal 2026 revenue forecast, reflecting strong customer demand and high fleet utilization across its rental network.

The construction equipment rental provider increased its fiscal 2026 revenue guidance to a range of $5.808 billion to $6.045 billion, up from its prior outlook of $5.254 billion to $5.682 billion. The midpoint of the new guidance of $5.927 billion sits well above the $5.58 billion consensus estimate.

The company also raised its rental segment revenue forecast to $3.823 billion to $3.979 billion, compared with $3.472 billion to $3.748 billion previously, with the midpoint rental segment revenue growth outlook now at 43%, up from 33%.

"We are raising our full-year outlook, reflecting strong customer demand and high utilization of the fleet across our network," said Jabbok Schlacks, Founder and CEO of EquipmentShare. "Our rental locations continue to mature, contributing to our growth against a strong construction backdrop."

The company also raised its adjusted core EBITDA guidance to $2.136 billion to $2.224 billion, up from $1.946 billion to $2.058 billion. Original equipment cost is now expected at $11.391 billion to $11.613 billion, versus a prior range of $10.577 billion to $11.627 billion.

EquipmentShare left its gross and net rental capital expenditure guidance unchanged at $2.664 billion to $2.886 billion and $980 million to $1.060 billion, respectively. The company’s full-service rental location count guidance also remains unchanged at 427 to 435 locations.

Schlacks noted that the strength of customer relationships and expanding project pipeline provide strong visibility through the remainder of 2026 and into 2027.

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