Quanta Services Reports First Quarter 2026 Results and Increases Full-Year Financial Expectations

Quanta Services, Inc. reported strong financial results for the first quarter of 2026, with consolidated revenues reaching $7.9 billion, a significant increase from $6.2 billion in the first quarter of 2025. The company posted GAAP diluted EPS of $1.45 and adjusted diluted EPS of $2.68, with net income attributable to common stock at $220.6 million. Adjusted EBITDA was reported at $686.4 million, and cash flow from operations was $391.7 million, resulting in free cash flow of $184.4 million. The company also highlighted a record backlog of $48.5 billion and remaining performance obligations of $26.2 billion. Based on these strong results and improved visibility, Quanta Services is increasing its full-year 2026 financial expectations. The company now anticipates revenues between $34.7 billion and $35.2 billion, and adjusted diluted earnings per share between $13.55 and $14.25. This positive outlook is driven by the company's "Compounding Model" and its strategic positioning in converging utility, power generation, and large-load markets.