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.
PWR · Quanta Services, Inc.
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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.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. Quanta delivered record second-quarter results, with revenue, GAAP net income, adjusted EBITDA and adjusted EPS all growing strongly year over year, backed by a record $53.4 billion backlog and $0.9 billion of free cash flow. It significantly raised full-year 2026 guidance, including adjusted EPS of $16.45-$16.95 and adjusted EBITDA of $4.09-$4.21 billion.
- + Quarterly revenue, GAAP net income, adjusted EPS and adjusted EBITDA increased strongly year over year.
- + Management significantly raised full-year 2026 expectations across all reported metrics.
- − Execution remains exposed to permitting, weather, supply-chain, regulatory and other project risks.
- − Project timing and backlog conversion may be lumpy despite record backlog.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted diluted earnings per share attributable to common stock non-GAAP | $12.98 | nine months ended September 30, 2026 | — |
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| Adjusted EBITDA non-GAAP | $3.2B | Nine months ended September 30, 2026 | — |
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| Adjusted net income attributable to common stock non-GAAP | $1.98B | Nine months ended September 30, 2026 | — |
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| EBITDA non-GAAP | $2.88B | Nine months ended September 30, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net income attributable to common stock (GAAP as reported) 694.86M
+83.99M Interest and other financing expenses
-9.72M Interest income
+237.66M Provision for income taxes
+120.39M Depreciation expense
+188.63M Amortization of intangible assets
+9.17M Interest, income taxes, depreciation and amortization included in equity in earnings of integral unconsolidated affiliates
= EBITDA 1.32B
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| Free Cash Flow non-GAAP | 2.27B | Nine Months Ended September 30, 2026 | — |
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| Remaining Performance Obligations (RPO) | $41.8B | third quarter of 2026 | — |
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| Total Backlog | $63.7B | third quarter of 2026 | — |
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| Estimated orders under MSAs and short-term, non-fixed price contracts non-GAAP | 19.89B | June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Engineering & Construction — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PWR
this stock
Quanta Services, Inc.
|
$90.71B | +42.6% | +13.4% | 54.5 | 2.3% |
|
FER
Ferrovial N.V.
|
$44.32B | -4.5% | — | — | 0.7% |
|
FIX
Comfort Systems USA Inc
|
$38.92B | +19.2% | -73.9% | 24.0 | 2.5% |
|
EME
EMCOR Group, Inc.
|
$28.87B | +7.8% | +16.6% | 19.1 | 1.7% |
|
J
Jacobs Solutions Inc.
|
$18.52B | +19.5% | +49.5% | — | 3.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 29, 2026
- This year
- 17
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.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PWR | +11.3% | -4.7% | -18.9% | -3.0% | +42.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +8.7% | -3.6% | -19.4% | -2.8% | +32.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.