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Quanta Services — Third Quarter 2026 Earnings Summary

  • Q3 2026 consolidated revenues reached $12.01 billion and net income was $694.9 million, representing significant year-over-year growth compared to $7.63 billion and $339.4 million respectively in Q3 2025; adjusted diluted EPS rose to $6.06 from $3.33.
  • Full-year 2026 guidance was raised to expect revenues between $41.3 billion and $41.6 billion, with adjusted diluted EPS projected between $17.90 and $18.30, while management anticipates strong double-digit adjusted EPS growth in 2027 driven by backlog expansion.
  • The company completed two new acquisitions in September and October 2026 for approximately $245 million, bringing the total to five deals in the first nine months of 2026, and strengthened liquidity by issuing $2.00 billion in senior notes and prepaying a $618.8 million term loan.
  • Total backlog stood at $63.7 billion with remaining performance obligations of $41.8 billion as of September 30, 2026, supported by the Electric segment which generated $9.80 billion in Q3 revenue and holds a $51.9 billion backlog.
Company
QUANTA SERVICES INC
Sector
Industrials
Industry
Engineering & Construction