Quanta Services, Inc. (PWR) reported a record $9.56 billion in revenue for the second quarter of 2026, up from $6.77 billion the previous year. The company beat earnings expectations by $0.95, posting earnings of $4.24 per share compared to the consensus estimate of $3.29. Quanta also raised its full-year revenue guidance to between $39.3 billion to $39.7 billion, an increase of $4.55 billion at the midpoint from prior estimates.
The company has a backlog of $53.4 billion and completed four acquisitions that added approximately 7,400 employees, which are expected to contribute between $1.2 billion and $1.4 billion in revenue for the full year. Quanta has a market cap of $102.7 billion and operates in the U.S., Canada, Australia, and other international markets.
Analysts have become increasingly optimistic, revising their earnings estimates higher, with the Zacks Consensus now at $15.94 for 2026, reflecting a growth of 48.3% from last year. Despite a 12.1% decline in stock price over the past three months, Quanta’s strong growth potential continues to attract investor interest.
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