Quanta Services Q2 FY26: revenue up 41.1%, guidance raised to $39.5B
Quanta's second quarter was a blowout: revenue of $9.56 billion rose 41.1% and adjusted EPS of $4.24 beat the $3.33 consensus by $0.91, prompting management to lift full-year revenue guidance to a $39.5 billion midpoint. The one wrinkle: GAAP EPS of $2.96 came in $0.37 below consensus. Read the view as Bullish, with the second-half step-up as the thing to watch.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $2.96, up from $1.52, while adjusted diluted EPS reached $4.24 versus $2.48 a year ago. Against the $3.33 consensus estimate, the adjusted figure beat by $0.91, but GAAP EPS came in $0.37 light - the gap is mostly amortization of intangible assets of $157.0 million and other adjustments. Net income of $451.4 million nearly doubled, up 96.9%.
Revenue of $9.56 billion rose 41.1% from $6.77 billion a year ago, with Electric at $7.84 billion (82.0% of the total) and Underground and Infrastructure at $1.72 billion. Gross margin improved to 16.2% from 14.9%, the strongest showing among the eight quarters shown here. Electric segment operating margin also expanded, to 11.5% from 10.1%.
Management raised full-year 2026 revenue guidance to a $39.5 billion midpoint from the prior $34.95 billion, a 13.0% increase, and set adjusted diluted EPS at $16.45-$16.95. Adjusted EBITDA guidance is $4.09-$4.21 billion and free cash flow guidance is $2.00-$2.50 billion. The release frames this as a significant increase in expectations across all metrics.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.