Quanta Services, Inc. earnings overview

PWR FY2026 Q1 · Calendar Q2 2026

Quanta Services, Inc.

Quanta Services delivered a decisive Q1 FY2026 beat, with EPS of $2.68 versus $2.04 consensus (31.4% surprise) and revenue of $7.87B versus $7.00B estimated (12.5% surprise). The company raised full-year 2026 guidance across revenue ($34.7–35.2B), adjusted EBITDA ($3.49–3.65B), and EPS ($13.55–14.25), driven by a record $48.5B backlog, accelerating data-center demand, and robust utility capital spending. Management outlined a strategic goal to more than double earnings power by 2030 with a 15–20% adjusted EPS growth target, underpinned by $500–$700M in transformer manufacturing capacity expansion and approximately 6.7M square feet of additional off-site fabrication space. The stock surged roughly 15.8% on the report versus a 1.0% SPY move, on 2.7x baseline volume. Key risks include labor constraints, supply-chain and permitting delays, and execution risk on large gas-turbine and…