Quanta Services Reports Strong Q2 Results and Raises Full-Year Guidance
Quanta Services Inc. (NYSE:PWR) reported second-quarter results that significantly exceeded expectations, with adjusted earnings of $4.24 per share compared to the estimated $3.29 and revenue reaching $9.56 billion versus an expected $8.61 billion. The company raised its full-year guidance for 2026 across all key financial metrics due to strong performance in electric infrastructure and underground utility services. Quanta's total backlog reached a record high of $53.4 billion at the end of Q2, up from $43.98 billion as of year-end 2025. The company also completed four acquisitions during the quarter for approximately $1.24 billion in combined purchase price. The stock surged more than 12% in premarket trading following the announcement.
Tickers: $PWR
Topics: earnings guidance update revenue growth stock performance