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Quanta Services PWR Q2 2026 earnings

Reported July 30, 2026 · Before market open

Revenue$9.6BBeat by $947.2M
Adjusted EPS$4.24Beat by $0.93
Revenue estimate$8.6B
EPS estimate$3.31
“Quanta delivered an exceptional first half of the year, highlighted by second-quarter results that meaningfully exceeded expectations and reflect the compounding strength and momentum of our operating model. Revenue, adjusted EBITDA and adjusted diluted earnings per share all achieved strong double-digit growth, cash flow was robust and total backlog reached a record level at quarter end. These results demonstrate the power of our differentiated, solutions-based operating model, as well as the execution certainty our self-perform capabilities and craft-skilled workforce deliver for customers every day. Given this outperformance, our improved visibility into the back half of the year, and the expected contribution from recently completed acquisitions that strengthen our platform, we are significantly increasing our full-year 2026 financial expectations across all metrics. We believe these results, and our long-term track record, are a clear differentiator of Quanta's ability to compound profitable growth as our customers accelerate investment in the electric grid, power generation and mission-critical infrastructure that underpin the economy”
Duke Austin

Next report

Oct 29, 2026 (In 3 weeks)
Revenue estimate$10.9B
EPS estimate$4.95

Financials

Q2 2026

Income statement

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Revenue$9.6B+41.1%
Gross profit$1.5B+53.4%
Operating income$694.8M+87.6%
Net income$451.4M+96.9%
EPS (diluted)$2.96+94.7%

Balance sheet

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Cash & equivalents$512.1M-0.1%
Total debt$6.6B+28.9%
Total equity$9.6B+22.7%
Total assets$28.3B+42.2%

Cash flow

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Operating cash flow$1.1B+270%
CapEx$231.0M+64.6%
Free cash flow$864.5M+456%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$99.62B+58.9%
Enterprise value$105.75B+55.1%
P/E75.1×+13.5×
P/S3×+0.7×

Profitability

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Gross margin15.5%+0.4pp
Operating margin6.2%+0.5pp
Net margin4%+0.3pp
FCF margin7.3%+2.1pp

Returns & leverage

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Return on equity15.2%+1.7pp
Debt / equity0.7×0.0×
Current ratio1.1×-0.3×

Segments

By geography

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United States$9.1B—
Canada$215.8M—
Australia$206.6M—

By segment

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Electric$7.8B—
Underground and Infrastructure (1)$1.7B+30.7%

FAQ

When did Quanta Services report Q2 2026 earnings?
Quanta Services (PWR) reported Q2 2026 earnings on July 30, 2026 before market open.
What were Quanta Services's Q2 2026 revenue and EPS?
Quanta Services reported revenue of $9.6B and adjusted eps of $4.24 for Q2 2026.
Did Quanta Services beat estimates in Q2 2026?
Revenue beat the consensus estimate of $8.6B by $947.2M. EPS beat the consensus estimate of $3.31 by $0.93.
How did Quanta Services's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 41.1% from $6.8B a year earlier.
Where can I find Quanta Services's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-324855) and the 10-Q periodic report (0001050915-26-000025) directly on SEC EDGAR. The filing index links above go to sec.gov.