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Quanta Services Reports First Quarter 2026 Results

On April 30, 2026, Quanta Services, Inc. (NYSE: PWR) unveiled its impressive financial performance for the first quarter of 2026, highlighting robust revenue growth and enhanced financial expectations for the year. The company reported consolidated revenues of approximately $7.9 billion, a significant increase from $6.23 billion in Q1 2025. This impressive revenue growth reflects Quanta's ability to capitalize on various opportunities across its diversified service offerings.

The figures also indicate net income attributable to common stock rising to $220.6 million, equating to $1.45 per diluted share. This is an increase from the previous year’s $144.3 million or $0.96 per diluted share. Furthermore, Quanta reported an adjusted diluted earnings per share of $2.68, up from $1.78 in the same period last year.

Duke Austin, President and CEO of Quanta Services, expressed satisfaction with the company’s performance, saying, "Quanta delivered an exceptional first quarter, reflected by strong double-digit growth in revenue, adjusted EBITDA, and adjusted earnings per share, along with a record backlog of $48.5 billion. This growth exemplifies the effectiveness of our differentiated operating model and the commitment of our skilled workforce." He noted that both revenue growth and margin performance exceeded management's expectations across all segments.

The strong quarterly results have prompted Quanta to adjust its full-year 2026 guidance upward, owing to improved visibility into future performance and the existing work backlog. According to the company’s updated projections, revenue for the full year is expected to fall between $34.7 billion and $35.2 billion, with net income estimated between $1.40 billion and $1.50 billion. The adjusted diluted earnings per share range is anticipated to be $13.55 to $14.25. Importantly, the outlook also stipulates that the adjusted EBITDA is projected to range between $3.49 billion and $3.65 billion.

Quanta Services’ record backlog underscores its operational momentum, with $26.2 billion in remaining performance obligations reported, highlighting future growth potential. The company's ongoing investments in unique solutions and integration across utility, generation, and large-load markets significantly contribute to its positioning within a $2.4 trillion addressable market projected through 2030.

The investor community remains optimistic as the company continues to enhance its earnings growth trajectory. Key factors that may influence Quanta's future performance include regulatory changes, supply chain challenges, and broader economic conditions. Therefore, while the company maintains a positive long-term outlook, it acknowledges the potential impacts of adverse weather, economic downturns, inflation, and other factors affecting project timings and execution.

Quanta Services continues to invest in expanding its capabilities, ensuring it remains a trusted partner to its clients. As part of its ongoing strategy, the company emphasizes the importance of maintaining a focus on safety, quality, and performance, crucial elements that have cemented their success in a competitive market. Quanta also successfully executed eight acquisitions in 2025, effectively integrating these businesses into its consolidated financial results.

To stay informed, stakeholders can access Quanta's financial updates through its Investor Relations portal, where the company aims to keep the investment community engaged through periodic webcasts and conference calls.

Overall, Quanta Services’ strong start to 2026 positions it well for future growth, reflecting its strategic initiatives and commitment to operational excellence.

For more information about Quanta Services and to follow their progress, visit Quanta's Investor Relations.