Quarterly ResultApr 30, 2026, 10:21 AM
PWR Q1 Revenue +26.3% to $7.87B; Diluted EPS +51% to $1.45
AI Summary
Quanta Services reported strong first quarter 2026 financial results, with revenues increasing 26.3% to $7.87 billion and diluted earnings per share rising 51% to $1.45. Net income attributable to common stock saw a significant increase of 52.9% to $220.6 million. The company also reported a substantial increase in net cash provided by operating activities and a growing backlog, indicating continued demand for its infrastructure solutions.
Key Highlights
- Q1 2026 Revenues increased 26.3% to $7.87 billion from $6.23 billion in Q1 2025.
- Q1 2026 Diluted EPS rose 51% to $1.45 from $0.96 in Q1 2025.
- Net income attributable to common stock grew 52.9% to $220.6 million.
- Net cash provided by operating activities increased 61.1% to $391.7 million.
- Remaining performance obligations (backlog) reached $26.24 billion as of March 31, 2026.
- United States revenue was $7.36 billion, representing 93.4% of total revenues.
- Fixed price contracts accounted for 60.6% of total revenues in Q1 2026.
Price Impact
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