Quarterly ResultApr 30, 2026, 07:02 AM
PWR Q1 Revenue $7.9B, EPS $1.45; Raises FY26 Outlook
AI Summary
Quanta Services reported record first-quarter 2026 results with consolidated revenues of $7.87 billion and GAAP diluted EPS of $1.45, significantly up from the prior year. Adjusted diluted EPS reached $2.68. The company also achieved record total backlog of $48.5 billion and remaining performance obligations of $26.2 billion. Based on this strong performance and improved visibility, Quanta is increasing substantially all of its full-year 2026 financial expectations, including revenue guidance to $34.7 billion-$35.2 billion and adjusted diluted EPS to $13.55-$14.25.
Key Highlights
- Q1 2026 Consolidated Revenues $7.87B, up from $6.23B in Q1 2025.
- Q1 2026 GAAP Diluted EPS $1.45, up from $0.96 in Q1 2025.
- Q1 2026 Adjusted Diluted EPS $2.68, up from $1.78 in Q1 2025.
- Record Total Backlog $48.5B and Remaining Performance Obligations $26.2B.
- Electric segment revenues $6.47B (82.1% of total), operating income $561.1M (8.7% margin).
- Underground and Infrastructure revenues $1.41B (17.9% of total), operating income $105.6M (7.5% margin).
- Increased FY26 revenue guidance to $34.7B-$35.2B.
- Increased FY26 Adjusted Diluted EPS guidance to $13.55-$14.25.