NYSE$PWR
Quanta Services Inc · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Quanta Services reported record second quarter 2026 results with revenues of $9.56 billion and adjusted diluted EPS of $4.24.
Quanta Services delivered exceptional Q2 2026 performance with consolidated revenues reaching $9.56 billion, up 41% year-over-year, and net income attributable to common stock of $451.4 million. Adjusted EBITDA hit a record $1.07 billion while operating cash flow and free cash flow also achieved record levels. The company significantly raised full-year 2026 guidance across all metrics following strong execution and recent acquisitions.
- Q2 revenues of $9.56 billion and adjusted diluted EPS of $4.24 both set new records with double-digit growth.
- Electric segment revenues reached $7.84 billion while Underground and Infrastructure contributed $1.72 billion.
- Remaining performance obligations stood at $33.6 billion and total backlog at a record $53.4 billion.
- Full-year 2026 guidance was raised to revenues of $39.3-39.7 billion and adjusted diluted EPS of $16.45-16.95.
Headline financials
Revenue & EPS history
Quanta Services · Revenue · Quarterly
$9.56B
Revenue by segment
Quanta Services · $9.56B total across 2 segments · Q2 2026
- Electric$7.84B—82.0%
- Underground and Infrastructure$1.72B—18.0%
Forward guidance
Quanta significantly increased 2026 financial expectations across all metrics following strong first-half performance and recent acquisitions.
Tailwinds
- Revenues expected between $39.3 billion and $39.7 billion
- Adjusted diluted EPS guidance raised to $16.45-$16.95
- Adjusted EBITDA expected between $4.09 billion and $4.21 billion
- Free cash flow projected at $2.00-$2.50 billion
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+1.2%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+5.0%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+12.9%
Q1 2026
Best reaction
-11.0%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +12.9% | +22.8% | +13.1% | |
| Q4 2025 | +5.8% | +9.4% | +6.9% | |
| Q3 2025 | +1.2% | -2.2% | +3.6% | |
| Q2 2025 | -1.2% | -5.3% | -8.1% | |
| Q1 2025 | +10.0% | +8.5% | +17.0% | |
| Q4 2024 | -3.7% | -9.5% | -8.2% | |
| Q3 2024 | -0.2% | +3.0% | +5.0% | |
| Q2 2024 | -2.6% | -0.6% | -1.0% | |
| Q1 2024 | -0.2% | +1.3% | -0.5% | |
| Q4 2023 | -3.0% | -7.7% | -8.6% | |
| Q3 2023 | +6.0% | +3.4% | +19.4% | |
| Q2 2023 | -1.0% | +0.2% | +5.0% | |
| Q1 2023 | +1.7% | +1.7% | +7.1% | |
| Q4 2022 | +8.2% | +8.8% | +8.3% | |
| Q3 2022 | +7.3% | +8.0% | +11.9% | |
| Q2 2022 | -0.1% | -0.9% | +2.6% | |
| Q1 2022 | -3.0% | -7.8% | +6.5% | |
| Q4 2021 | +10.1% | +10.2% | +36.6% | |
| Q3 2021 | +0.5% | +1.2% | -3.6% | |
| Q2 2021 | +3.7% | +5.8% | +30.3% | |
| Q1 2021 | +2.9% | +1.2% | -4.3% | |
| Q4 2020 | +3.4% | +3.8% | +7.4% | |
| Q3 2020 | +2.5% | +10.6% | +14.9% | |
| Q2 2020 | +8.4% | +16.5% | +21.5% | |
| Q1 2020 | +1.3% | -5.9% | +25.0% | |
| Q4 2019 | +2.8% | +4.0% | -19.5% | |
| Q3 2019 | +4.0% | +3.0% | -1.0% | |
| Q2 2019 | -8.0% | -7.4% | -4.5% | |
| Q1 2019 | -2.1% | -3.4% | -3.7% | |
| Q4 2018 | -0.1% | -0.7% | +4.9% | |
| Q3 2018 | +1.5% | -3.4% | -10.0% | |
| Q2 2018 | -0.7% | -1.8% | -2.3% | |
| Q1 2018 | +2.1% | +2.7% | +4.4% | |
| Q4 2017 | -3.4% | -2.3% | -2.0% | |
| Q3 2017 | -1.4% | -1.6% | +8.4% | |
| Q2 2017 | +1.1% | -1.9% | -2.2% | |
| Q1 2017 | -2.2% | -5.7% | -7.6% | |
| Q4 2016 | +0.5% | +0.9% | -0.6% | |
| Q3 2016 | +7.2% | +9.7% | +22.6% | |
| Q2 2016 | -0.2% | +0.2% | +4.7% | |
| Q1 2016 | +1.8% | — | — | |
| Q4 2015 | +3.4% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | +3.4% | — | — | |
| Q1 2015 | +4.1% | — | — | |
| Q4 2014 | -0.3% | — | — | |
| Q3 2014 | +2.1% | — | — | |
| Q2 2014 | +3.8% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | +1.0% | — | — | |
| Q1 2013 | -1.0% | — | — | |
| Q4 2012 | -0.0% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | +0.1% | — | — | |
| Q1 2012 | -1.4% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q3 2011 | -6.6% | — | — | |
| Q2 2011 | -11.0% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2010 | -0.6% | — | — | |
| Q3 2010 | -1.0% | — | — | |
| Q2 2010 | +0.2% | — | — | |
| Q1 2010 | +4.7% | — | — |
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