$PWR

Quanta Services 3Q 2026: Revenue $12.01B, EPS $4.55— 10-Q Summary

Quanta Services reported Q3 2026 revenue of $12.01B, up 57.4% YoY, with net income rising 104.7% to $694.86M. Growth was driven by Electric and Underground and Infrastructure segments. The company's backlog reached $63.73B, up 44.9% from year-end, with management expecting continued strong demand.

Original reporting
Published Oct 29, 2026, 2:21 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 29, 2026, 2:30 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
Quanta Services 3Q 2026: Revenue $12.01B, EPS $4.55— 10-Q Summary — source image
Decision brief

The 30-second read

$PWRBullishMed
01

Why it matters

The combination of large YoY revenue/EPS growth and a substantial backlog increase can drive near-term earnings estimate revisions and support the stock if investors view backlog quality and margins as durable.

02

Market read

Traders can use the reported financials and backlog to update expectations for contractor demand and margin durability.

03

What to watch

The article does not break out cash flow, contract mix, or guidance details beyond 'strong demand to continue,' which could limit how far the market extrapolates.

Relevance 7/10Novelty 6/10Timing: after-hours/filing-day read-through from the Oct. 29, 2026 10-Q summary

Background

This is an aggregator-style 10-Q summary for Quanta Services’ 3Q 2026 results, highlighting segment growth and backlog.

Company-level read

Ticker impact

$PWRBullishMedium confidence
Context

Quanta Services reported 3Q 2026 revenue of $12.01B and diluted EPS of $4.55, with backlog rising to $63.73B.

Expected impact

Likely upward bias as investors price in sustained demand and improved execution reflected in higher margins and backlog.

Evidence & confidence

The article provides a full quarterly print with large YoY growth and a sizable backlog increase, which typically drives earnings revisions and sentiment for contractors.

Market effects

Reinforces demand signals for electrical and infrastructure contractors, potentially supporting sentiment across grid upgrade and data center capex supply chains.

No specific regional demand shift is quantified, but backlog strength implies continued activity in US infrastructure markets.

Limited direct global linkage in the provided text beyond renewable and data center infrastructure themes.

Counterpoint

Strong headline growth may be partly acquisition-driven and could mask margin pressure or execution risk not captured in the summary.

Key entities

  • Quanta Services, Inc.

    Reported 3Q 2026 revenue, EPS, segment growth, and backlog in its 10-Q summary.

Related articles

$PWRHighAI 8/10

Quanta Services Q3 Earnings Call Highlights

Quanta Services (PWR) reported Q3 adjusted EPS of $6.06, up 82% YoY, and raised its 2026 outlook. Revenue is now expected between $41.3B-$41.6B, with adjusted EBITDA projected at $4.4B-$4.49B. The company cited strong backlog growth across renewable energy, transmission, and utility sectors, and expanded its workforce by 12,000 employees. Quanta also completed acquisitions and invested in manufacturing and supply-chain capacity.

$PWRMed

Quanta Services, Inc. Q3 2026 Earnings Call Summary

Quanta Services reported strong Q3 2026 performance, driven by workforce flexibility and strategic utility partnerships. The company expects double-digit adjusted EPS growth in 2027, supported by a record $64 billion backlog. Management highlighted acquisitions, supply chain investments, and a growing workforce as key growth drivers. Quanta aims to maintain 10-12% utility margins and mitigate supply chain risks.

$PWRMed

Quanta Services Inc (PWR) (Q3 2026) Earnings Call Highlights: Record $64 Billion Backlog

Quanta Services Inc (PWR) reported a record $64 billion backlog, with CEO Duke Austin attributing growth to broad-based demand, including renewables and a NYSERDA program. He expects future growth from large transmission and generation projects. Austin also highlighted the company's data center market involvement, with expanding scope and higher spending per location. Quanta is targeting 15-20% EPS CAGR through 2030, with current performance above expectations.

$PWRMed

TD Cowen raises Quanta Services stock price target on strong quarter

TD Cowen raised its price target for Quanta Services (NYSE:PWR) to $830 from $785, citing strong Q3 results and raised 2026 guidance. The stock surged 5% post-earnings, with Q3 revenue at $12B and EPS at $6.06, both exceeding estimates. Quanta's backlog grew 17% QoQ, and margins met 2030 targets. The stock has gained 44% YTD but is considered overvalued by InvestingPro.

$PWRHighAI 9/10

Quanta Services (PWR) Q3 2026 Earnings Call Transcript

Quanta Services (PWR) reported Q3 2026 results with revenue of $12B (+57% YoY), adjusted EBITDA of $1.4B (+69%), and EPS of $6.06 (+82%). The company raised full-year guidance, citing strong demand and a record backlog of $64B. Quanta highlighted its competitive advantages, including a skilled workforce and diverse end markets.

$PWRHighAI 9/10

Why is Quanta Services stock surging today?

Quanta Services (PWR) stock rose 6.2% to $644.38 after reporting Q3 2026 results. Revenue was $12.01B, up 57.4% YoY, beating estimates. EPS of $6.06 also topped forecasts. The company raised full-year guidance and reported a record backlog of $63.7B. Truist raised its price target to $960. The S&P 500 declined 0.3% during the session.