$PWR 🚀

Quanta Services beats top-line and bottom-line estimates; raises FY26 outlook 🔥
Q1 Non-GAAP EPS of $2.68 beats by $0.65.
Revenue of $7.87B (+26.3% Y/Y) beats by $880M.
Adjusted EBITDA of $686.4 Million*
Cash Flow From Operations of $391.7 Million and Free Cash Flow of $184.4 Million
Remaining Performance Obligations (RPO) of $26.2 Billion and Total Backlog of $48.5 Billion
Increasing Substantially All 2026 Financial Expectations:
For the full year ending December 31, 2026, Quanta now expects revenues to range between $34.7 billion and $35.2 billion vs. $7.05B consensus (prior $6,420 -$6,780) and net income attributable to common stock to range between $1.40 billion and $1.50 billion. Quanta also now expects diluted earnings per share attributable to common stock to range between $9.17 and $9.87 and adjusted diluted earnings per share attributable to common stock to range between $13.55 and $14.25 vs. $19.63 consensus. Quanta now expects EBITDA to range between $3.20 billion and $3.36 billion and adjusted EBITDA to range between $3.49 billion and $3.65 billion. Additionally, for the full year ending December 31, 2026, Quanta continues to expect net cash provided by operating activities to range between $2.35 billion and $2.85 billion and free cash flow (a non-GAAP financial measure) to range between $1.55 billion and $2.05 billion.