Quanta Services Reports Record Q2 2026 Earnings and Raises Full-Year Outlook

Quanta Services Reports Record Q2 2026 Earnings and Raises Full-Year Outlook

Wed, August 19, 2026

Quanta Services Reports Record Q2 2026 Earnings and Raises Full-Year Outlook

HOUSTON, July 30, 2026 — Quanta Services, Inc. (NYSE: PWR) has announced its financial results for the second quarter of 2026, showcasing record-breaking performance and an optimistic outlook for the remainder of the year.

Exceptional Financial Performance

In the quarter ending June 30, 2026, Quanta Services achieved:

  • Revenues: $9.56 billion, a 41% increase from $6.77 billion in the same period of 2025.
  • Net Income: $451.4 million, up from $229.3 million in Q2 2025.
  • GAAP Diluted Earnings Per Share (EPS): $2.96, compared to $1.52 in the previous year.
  • Adjusted Diluted EPS: $4.24, rising from $2.48 in Q2 2025.
  • Adjusted EBITDA: $1.1 billion.
  • Cash Flow from Operations: $1.1 billion.
  • Free Cash Flow: $0.9 billion.

These figures represent record quarterly results for the company.

Strategic Acquisitions Enhance Capabilities

During the second quarter and into July, Quanta Services completed the acquisitions of Phalcon, Enerfab, Percheron, and PSD. These strategic moves are expected to contribute approximately $1.2 to $1.4 billion in adjusted EBITDA for the year. The acquisitions bolster Quanta’s expertise in electrical, mechanical, fabrication, and front-end services, and expand its presence into the Australian market.

Robust Backlog and Increased Financial Expectations

Quanta Services reported a total backlog of $53.4 billion, with remaining performance obligations (RPO) at $33.6 billion, both reaching record levels. Reflecting confidence in its operational momentum and the positive impact of recent acquisitions, the company has significantly raised its full-year 2026 financial expectations across all metrics.

Market Performance

As of August 18, 2026, Quanta Services’ stock (NYSE: PWR) closed at $696.15, experiencing a decline of 3.62% from the previous close. The stock’s intraday high was $716.53, with a low of $688.59. The company’s market capitalization stands at approximately $106.12 billion, with a price-to-earnings (P/E) ratio of 79.74 and earnings per share (EPS) of $8.73.

Conclusion

Quanta Services’ record-breaking second-quarter performance and strategic acquisitions underscore its strong position in the infrastructure solutions sector. The company’s raised full-year outlook reflects confidence in sustained growth and operational excellence. Investors and stakeholders will be closely monitoring how Quanta leverages its expanded capabilities and market presence in the coming months.