Quanta Services, Inc. reported results for 2026 showing strong year-over-year growth as consolidated revenue rose to $9.56B and diluted EPS increased to $2.96, supported by robust demand across its Electric and Underground businesses.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$9.56B$6.77B41.1% | Net income²$451.38M$229.25M96.9% | Diluted EPS³$2.96$1.5294.7% |
¹ Reported as “Revenues”. ² Reported as “Net income attributable to common stock”. ³ Reported as “Diluted earnings per share attributable to common stock”.
Business Highlights
- Revenue growth was driven by strong demand across Electric and Underground segments, with consolidated revenues up about 41% sequentially and 34% year-to-date.
- Electric work now represents roughly 82% of revenues, led by transmission, substation and data center projects.
- Company completed multiple acquisitions, including Dynamic Systems, expanding civil, mechanical and turnkey capabilities.
- Backlog increased to $53.44B with remaining performance obligations of $33.55B, enhancing near- to mid-term revenue visibility.
Original SEC Filing:
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