Concrete Pumping Holdings' second quarter of fiscal 2026 was the print that confirmed the data-center and infrastructure cycle has reached the small-cap services that depend on poured-in-place concrete, and management used the moment to lift the full-year outlook for the second consecutive quarter. Revenue of $106.8 million rose 13.7% year over year, Adjusted EBITDA of $26.4 million rose 17.4%, and income from operations of $12.1 million rose 46%. The company guided fiscal 2026 revenue to $410-425 million (up from $390-410 million), Adjusted EBITDA to $98-105 million (up from $90-100 million), and free cash flow to at least $45 million (up from $40 million), with light commercial and residential still expected to remain soft. The load-bearing number is the U.S. Concrete Pumping segment: revenue up 15.2% to $71.5 million and Adjusted EBITDA up 23.4% to $15.6 million, on management's read of "growing data center and infrastructure projects." Residential and light commercial were drags, not contributors. The open question for the next two quarters is whether the $22 million of fiscal 2027 capital spending that BBCP has decided to pull into fiscal 2026 - to get ahead of a January 2027 emissions law - is also a tell that management thinks the fleet cycle is moving earlier than the market is pricing.