Quanta Services Reports Record Q3 2026 Results with Significant Revenue and EPS Growth
Quanta Services (PWR) delivered exceptional third-quarter 2026 financial results, characterized by a 57% year-over-year increase in consolidated revenue to $12.01 billion. The company saw massive growth in its Electric Power segment, which now accounts for over 81% of total revenue. Adjusted diluted EPS rose 82% to $6.06, reflecting strong operational leverage and efficient project execution across all segments. The company reached a record high backlog of $63.7 billion and reported record quarterly free cash flow of $1.20 billion. Driven by this outperformance, management raised its full-year 2026 guidance for revenue, adjusted EPS, and adjusted EBITDA. Despite the strong performance, CEO Earl Austin noted potential risks regarding supply chain constraints for critical materials like copper and transformers.
Tickers: $PWR
Topics: backlog increase eps beat free cash flow guidance raise revenue growth