Summary
Quanta Services, Inc. (PWR) reported a strong first quarter for fiscal year 2026, demonstrating significant growth driven by robust demand across both its Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions segments. Revenues surged by 26.3% year-over-year to $7.87 billion, bolstered by increased utility investments in grid modernization, renewable energy infrastructure, and the continued demand from data centers and manufacturing. The company's profitability saw a substantial improvement, with operating income rising 41.7% to $338.8 million. This growth was supported by higher revenues, improved operating margins in both segments, and effective management of costs despite an increase in SG&A and amortization expenses related to recent acquisitions. The balance sheet remains strong, with total assets increasing to $25.75 billion, while remaining performance obligations and backlog reached $26.24 billion and $48.47 billion, respectively, indicating a healthy pipeline of future work. Quanta generated significant operating cash flow, up 61% year-over-year, allowing for strategic investments and return of capital. The company's strategic acquisitions, particularly Dynamic Systems, are integrating well and contributing to revenue growth and expanded service offerings. Looking ahead, Quanta remains optimistic about continued demand for its services, driven by ongoing electrification trends, infrastructure upgrades, and growth in technology-related sectors.
Financial Highlights
50 data points| Revenue | $7.87B |
| Cost of Revenue | $6.77B |
| Gross Profit | $1.11B |
| SG&A Expenses | $620.73M |
| Operating Income | $338.78M |
| Net Income | $220.63M |
| EPS (Basic) | $1.47 |
| EPS (Diluted) | $1.45 |
| Shares Outstanding (Basic) | 149.78M |
| Shares Outstanding (Diluted) | 152.09M |
Key Highlights
- 1Consolidated revenues increased by 26.3% to $7.87 billion in Q1 2026 compared to Q1 2025.
- 2Operating income grew significantly by 41.7% to $338.8 million, with strong performance in both Electric and Underground & Infrastructure segments.
- 3Net income attributable to common stock increased by 52.9% to $220.6 million.
- 4Cash flow from operating activities surged by 61% to $391.7 million.
- 5Total backlog and remaining performance obligations show continued strength, reaching $48.47 billion and $26.24 billion, respectively.
- 6Acquisition of Dynamic Systems (DSI) is contributing positively to revenue and expanding service capabilities, particularly in mechanical, plumbing, and process infrastructure solutions.