Quanta Services posts record Q3 2026 revenue and raises full‑year outlook
Quanta Services reported third‑quarter 2026 revenue of $12.01 billion, up 57.4% YoY, and adjusted EPS of $6.06, both beating estimates. Net income was $694.9 million, or $4.55 per diluted share. The company lifted its full‑year 2026 revenue guidance to $41.3‑$41.6 billion and adjusted EPS guidance to $18.10, citing strong backlog growth and demand across utility, power generation and technology markets.
Why it matters
The raised guidance expands the revenue target by roughly $1 billion and lifts adjusted EPS guidance, which analysts such as TD Cowen and UBS reflected by increasing price targets (e.g., TD Cowen to $830) and noting upside potential from data‑center growth. The record backlog of $63.7 billion supports the outlook.
Key facts
- 1Third‑quarter 2026 consolidated revenue was $12.01 billion, up from $7.63 billion in Q3 2025. prnewswire.com
- 2Adjusted diluted EPS for Q3 2026 was $6.06, compared with $3.33 in Q3 2025. prnewswire.com
- 3GAAP diluted EPS for Q3 2026 was $4.55, and net income was $694.9 million. sec.gov
- 4Total backlog reached a record $63.7 billion. sec.gov
- 5Full‑year 2026 revenue guidance was raised to $41.3‑$41.6 billion. finance.yahoo.com
- 6Full‑year 2026 adjusted EPS guidance was raised to $18.10. finance.yahoo.com
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.