Quarterly ResultJul 30, 2026, 07:01 AM
Quanta Services Q2 Revenue $9.56B, GAAP EPS $2.96, Adj. EPS $4.24
AI Summary
Quanta Services reported exceptional second-quarter 2026 results, significantly exceeding expectations with record consolidated revenues of $9.56 billion, GAAP diluted EPS of $2.96, and adjusted diluted EPS of $4.24. The company also achieved record total backlog of $53.4 billion and robust cash flow. Due to this strong performance and improved visibility, Quanta Services significantly increased its full-year 2026 financial expectations across all metrics. Additionally, the company completed four strategic acquisitions, formed a joint venture for high-voltage circuit breaker manufacturing, authorized a new $1 billion stock repurchase program, and received a credit rating upgrade from Moody's.
Key Highlights
- Q2 2026 Consolidated Revenues reached a record $9.56 billion, up from $6.77 billion in Q2 2025.
- Q2 2026 GAAP Diluted EPS was a record $2.96, compared to $1.52 in Q2 2025.
- Q2 2026 Adjusted Diluted EPS was a record $4.24, up from $2.48 in Q2 2025.
- Total Backlog hit a record $53.4 billion, with Remaining Performance Obligations at $33.6 billion.
- Acquired Phalcon, Enerfab, Percheron, and PSD for an aggregate upfront consideration of $1.24 billion.
- Authorized a new $1 billion stock repurchase program and declared a $0.11 per share quarterly dividend.
- Full-year 2026 revenue outlook increased to $39.3 billion - $39.7 billion.
- Full-year 2026 adjusted diluted EPS outlook raised to $16.45 - $16.95.
Price Impact
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