Quanta Services, Inc. · PWR · Next earnings

Quanta Services, Inc. reports Thursday, Oct 29, 2026

PWR reports before market open with consensus EPS at $4.96 and revenue at $10.91B. Last quarter: Quanta Services Beats on Q1 EPS and Revenue, Raises 2026 Guidance, Backlog Hits Record $48.5B

Reports Before market open39 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $4.96 Calendar consensus
Consensus revenue $10.91B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session Before market open 39 days away

Where PWR left off: FY2026 Q1

Full report

Quanta Services Beats on Q1 EPS and Revenue, Raises 2026 Guidance, Backlog Hits Record $48.5B

EPS surprise +31.4% Reported $2.68 vs $2.04
Revenue surprise +12.5% Reported $7.87B vs $7.00B
Stock move +15.8% Event window
Subsequent drift -2.2% Up to 20 sessions

Raised. Full-year FY2026 revenue guidance set at $34.7–35.2B, adjusted EBITDA at $3.49–3.65B, and EPS at $13.55–14.25. Prior-quarter (Q4 FY2025) guidance targeted double-digit EPS growth without specific ranges. The raised guidance reflects strong Q1 execution, record backlog, and accelerating demand across utilities, data centers, and gas generation. Free cash flow guidance remained unchanged despite higher capex, which drew analyst scrutiny.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Labor shortages and skill-mix constraints could limit execution capacity.
  • Supply-chain and permitting delays, particularly for high-voltage equipment and air permits.
  • Commodity price volatility (e.g., diesel) and geopolitical risks, including the Iran conflict.
  • Execution risk on combined-cycle gas turbine contracts and bridge-power projects.
  • Free cash flow pressure from elevated capital expenditure without a corresponding guidance increase.

Questions analysts left open

  • Sustainability of margin improvement in the Underground segment.
  • Extent and competitive positioning of bridge-power opportunities.
  • Long-term visibility beyond 2030 and the transmission vs. generation project mix.
  • Free cash flow guidance unchanged despite higher capex spending.
  • Backlog sustainability with large concentrated customers such as NiSource and AEP.

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Recent PWR quarters

All PWR earnings
+15.8%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.