Quanta Services, Inc. (PWR) Q3 2026 Earnings Call

Concluded Oct 29, 2026

Oct 29, 2026

Revenue $12.01B +57.4% YoY

Diluted EPS $4.55 +103.1% YoY

Gross margin 16.7% +0.8 pp YoY

Net income $694.86M +104.7% YoY

Executive readout · one minute

What the filings say

8-K earnings release · filed Oct 29, 2026: Quanta Services reported third-quarter 2026 revenue of $12.01 billion, GAAP diluted EPS of $4.55 and adjusted diluted EPS of $6.06, with record total backlog of $63.7 billion. It raised full-year 2026 revenue expectations to $41.3 billion–$41.6 billion and adjusted diluted EPS to $17.90–$18.30.
10-Q report · filed Oct 29, 2026: Quanta Services, Inc. reported third-quarter revenues up 57.4%, operating income up 98.5%, and net income up 106.2%; backlog reached $63.73 billion and remaining performance obligations $41.75 billion as of September 30, 2026.

The audio replay and transcript follow the call.

Forward guidance

8 guided metrics

Management's latest ranges and targets are included below.

Research coverage

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Presentation 21 pages 8-K earnings release Filed Oct 29, 2026 10-Q report Filed Oct 29, 2026 Company webcastOpen the original investor-relations page

From the 8-K filed Oct 29, 2026.

Metric	Period	Guided	Basis
Revenues Raised full year ending December 31, 2026	full year ending December 31, 2026	$41.3B – $41.6B	—
Net income attributable to common stock Raised full year ending December 31, 2026	full year ending December 31, 2026	$1.92B – $1.98B	—
Diluted earnings per share attributable to common stock Raised full year ending December 31, 2026	full year ending December 31, 2026	$12.57 – $12.97	—
Adjusted diluted earnings per share attributable to common stock Raised full year ending December 31, 2026	full year ending December 31, 2026	$17.90 – $18.30	Non-GAAP
EBITDA Raised full year ending December 31, 2026	full year ending December 31, 2026	$3.99B – $4.09B	—
Adjusted EBITDA full year ending December 31, 2026	full year ending December 31, 2026	$4.4B – $4.49B	Non-GAAP
Net cash provided by operating activities Raised full year ending December 31, 2026	full year ending December 31, 2026	$3.45B – $4B	—
Free cash flow (a non-GAAP financial measure) full year ending December 31, 2026	full year ending December 31, 2026	$2.5B – $3B	Non-GAAP

How the reported period landed and where the business moved.

Electric$9.80B +58.8% YoY

Underground and Infrastructure$2.22B +51.8% YoY