Quanta Services Reports Record Q1 Results, Raises Full-Year 2026 Financial Guidance
Summary
Quanta Services reported record first-quarter results and raised its full-year 2026 financial guidance, driven by strong revenue growth, improved margins, and a record backlog.
Key Events
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Record Q1 Performance
Reported record first-quarter revenues of $7.87 billion, GAAP diluted EPS of $1.45, and Adjusted diluted EPS of $2.68, all showing significant year-over-year growth.
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Increased Full-Year Guidance
Substantially raised 2026 financial expectations, with revenue now projected between $34.7 billion and $35.2 billion, and adjusted diluted EPS between $13.55 and $14.25.
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Record Backlog Achieved
Total backlog reached a record $48.5 billion, providing strong visibility into future revenue and operational stability.
Analysis
Quanta Services delivered exceptional first-quarter performance with record revenues, adjusted EPS, and adjusted EBITDA, significantly exceeding prior year results. This strong start to the year, coupled with a record backlog of $48.5 billion, has led management to substantially increase its full-year 2026 financial expectations across all key metrics. This positive news comes as the stock is trading above its 52-week high, indicating robust operational execution and strong demand in its core utility and infrastructure markets, reinforcing the company's long-term growth trajectory.
At the time of this filing, PWR was trading at $684.99 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $94.3B. The 52-week trading range was $281.17 to $640.61. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.