In Q3 fiscal 2025 (the quarter ended June 30, 2026), IES's largest business segment was Communications, with $453.08 million or 36% of revenue, up 51.4% from a year earlier. Next: Residential (26%), Commercial and Industrial (19%) and Infrastructure Solutions (18%).
By product or service, Fixed-Price Contract brought in 35%, Single Family Electrical Contracts brought in 19% and Custom Engineered Solutions brought in 12% of revenue in Q3 fiscal 2024.
By customer type, Fixed-Price Contract brought in 81% and Time-and-Materials Contract brought in 19% of revenue in Q3 fiscal 2025.
The fastest-growing business segment from a year earlier was Commercial and Industrial (+109.1%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q1 fiscal 2017.

Fiscal quarters, from company filings
| Business segment | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q3 FY24 | Share |
|---|---|---|---|---|---|
| Communications | $453.1M | $367.7M | $351.9M | $299.2M | 36% |
| Residential | $324.1M | $287.6M | $284.0M | $346.0M | 26% |
| Commercial and Industrial | $241.4M | $126.5M | $94.8M | $115.4M | 19% |
| Infrastructure Solutions | $224.1M | $192.4M | $140.2M | $129.5M | 18% |
In USD, fiscal quarters as reported; share = part of Q3 FY25 revenue.
| Product or service | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q3 FY23 | Share |
|---|---|---|---|---|---|
| Fixed-Price Contract | $314.5M | $309.9M | $242.5M | $207.1M | 35% |
| Single Family Electrical Contracts | $171.8M | $160.1M | $169.2M | $195.7M | 19% |
| Custom Engineered Solutions | $105.8M | $88.4M | $89.5M | $90.2M | 12% |
| Time-and-Materials Contract | $100.1M | $88.4M | $78.9M | $81.8M | 11% |
| Multi Family and Other | $87.9M | $78.7M | $76.6M | $92.3M | 10% |
| Single Family Contracts Plumbing HVAC | $86.3M | $79.2M | $74.2M | $89.5M | 10% |
| Industrial Services | $23.7M | $29.2M | $18.7M | $11.8M | 3% |
In USD, fiscal quarters as reported; share = part of Q3 FY24 revenue.
| Customer type | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q3 FY24 | Share |
|---|---|---|---|---|---|
| Fixed-Price Contract | $1.0B | $783.4M | $722.8M | $779.5M | 81% |
| Time-and-Materials Contract | $232.3M | $190.9M | $148.1M | $110.7M | 19% |
In USD, fiscal quarters as reported; share = part of Q3 FY25 revenue.
Communications, Residential, Commercial and Industrial and Infrastructure Solutions (as reported for Q3 fiscal 2025).
Communications: $453.08 million, or 36% of revenue, in Q3 fiscal 2025.
By revenue in Q3 fiscal 2024: Fixed-Price Contract (35%), Single Family Electrical Contracts (19%), Custom Engineered Solutions (12%) and Time-and-Materials Contract (11%).
Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i
Fiscal quarter ended Jun 30, 2026
| Item | Revenue | Share |
|---|---|---|
| Communications | USD 453.08M | 36.5% |
| Residential | USD 324.10M | 26.1% |
| Commercial and Industrial | USD 241.40M | 19.4% |
| Infrastructure Solutions | USD 224.12M | 18.0% |
Sum of items USD 1.24B. Shares are of the items shown. Click an item with › to see its parts.
Every item and period in one grid. Purple = calculated; "–" = not available.
| Item | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 | Q3 FY18 | Q2 FY18 | Q1 FY18 | Q4 FY17 | Q3 FY17 | Q2 FY17 | Q1 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Residential | 324.1M | 287.6M | 284.0M | 320.4M | 346.0M | 318.0M | 320.0M | 356.1M | 377.5M | 339.4M | 315.9M | 337.3M | 318.0M | 306.1M | 318.1M | 327.5M | 301.8M | 260.4M | 241.8M | 231.1M | 186.4M | 150.3M | 119.5M | 111.1M | 107.9M | 100.0M | 92.7M | 88.1M | 80.7M | 72.1M | 72.5M | 75.4M | 75.2M | – | – |
| Communications | 453.1M | 367.7M | 351.9M | 335.5M | 299.2M | 273.0M | 233.0M | 219.9M | 192.3M | 193.5M | 170.7M | 170.8M | 141.6M | 141.1M | 147.2M | 157.0M | 144.7M | 130.6M | 127.4M | 136.5M | 116.2M | 94.9M | 98.4M | 118.4M | 96.5M | 96.0M | 84.3M | 91.0M | 90.4M | 70.4M | 69.3M | 60.6M | 54.4M | 50.2M | 54.5M |
| Commercial and Industrial | 241.4M | 126.5M | 94.8M | 98.5M | 115.4M | 125.4M | 88.5M | 89.4M | 96.6M | 97.1M | 85.0M | 82.5M | 67.8M | 69.0M | 60.3M | 89.5M | 81.0M | 68.8M | 69.2M | 77.5M | 64.1M | 52.0M | 62.6M | 65.1M | 56.8M | 66.0M | 67.7M | 77.7M | 75.4M | 80.0M | 72.6M | 77.6M | 78.2M | 65.6M | – |
| Infrastructure Solutions | 224.1M | 192.4M | 140.2M | 143.5M | 129.5M | 117.6M | 108.1M | 110.4M | 102.0M | 75.8M | 62.9M | 58.4M | 57.1M | 52.6M | 49.3M | 43.4M | 39.8M | 41.7M | 42.1M | 38.7M | 39.1M | 34.7M | 34.4M | 35.9M | 31.9M | 29.3M | 31.3M | 36.8M | 36.1M | 34.5M | 29.5M | – | 24.9M | – | – |
| Single-Family | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 43.6M | 44.6M |
| Multi-Family | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 22.4M | 17.2M |
| Commercial | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 29.1M |
| Custom Power Solutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 13.5M | 10.6M |
| Industrial | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 23.9M |
| Industrial Services | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 10.4M | 11.1M |
| Other | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 7.3M |