Quanta Services Raises Revenue Outlook for 2026 Amid Record $53 Billion Backlog
Quanta Services (PWR) has raised its revenue outlook for 2026, projecting earnings between $39.3 billion and $39.7 billion. This increase is supported by a record backlog of $53 billion as the company reported second-quarter results that significantly exceeded expectations. The firm noted strong double-digit growth in revenues, adjusted EBITDA, and adjusted earnings per share. The CEO highlighted robust cash flow generation alongside the impressive performance metrics. With this momentum, Quanta is well-positioned to deliver on its long-term financial goals as it continues leveraging a growing backlog of projects.
Tickers: $PWR
Topics: Backlog Earnings EBITDA Revenue Growth