Quanta Services (NYSE:PWR) Releases Earnings Results, Beats Expectations By $0.64 EPS

02 May 2026, 12:28 by Doug Wharley · The Cerbat Gem

Quanta Services (NYSE:PWR – Get Free Report) released its quarterly earnings results on Thursday. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.64, FiscalAI reports. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS. Quanta Services updated its FY 2026 guidance to 13.550-14.250 EPS.

Here are the key takeaways from Quanta Services’ conference call:

Quanta posted a strong Q1 with $7.9 billion revenue, adjusted EBITDA of $686 million and adjusted EPS of $2.68, and raised full‑year guidance to $34.7–35.2 billion revenue and adjusted EPS of $13.55–14.25.
Management is making large supply‑chain investments — a $500–700 million plan to double transformer manufacturing capacity and nearly double off‑site fabrication to ~6.7 million sq ft — supporting its goal to more than double earnings power by 2030.
Backlog reached a record $48.5 billion with broad‑based bookings (book‑to‑bill ~1.6x), driven by utilities, large‑load projects and hyperscaler/data‑center demand and an increase in programmatic/negotiated work that boosts execution certainty.
The company reiterated financial discipline — targeting an investment‑grade balance sheet and 1.5–2.0x leverage for M&A — kept its 2026 free cash flow range unchanged (but expects to land toward the high end) and said it will be prudent on higher‑risk combined‑cycle gas projects.

Quanta Services Trading Up 1.9%

Shares of Quanta Services stock traded up $13.67 during trading hours on Friday, reaching $741.44. 1,327,706 shares of the company’s stock were exchanged, compared to its average volume of 915,688. Quanta Services has a 52-week low of $315.00 and a 52-week high of $742.33. The firm has a market capitalization of $111.26 billion, a price-to-earnings ratio of 109.04, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. The company has a fifty day moving average of $578.99 and a 200-day moving average of $497.61. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s dividend payout ratio is currently 6.47%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. State Street Corp lifted its stake in shares of Quanta Services by 2.1% during the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock worth $2,619,626,000 after purchasing an additional 126,014 shares during the period. Bank of America Corp DE raised its position in shares of Quanta Services by 4.9% in the 2nd quarter. Bank of America Corp DE now owns 2,150,718 shares of the construction company’s stock worth $813,144,000 after buying an additional 99,782 shares during the period. Invesco Ltd. raised its position in shares of Quanta Services by 5.4% in the 3rd quarter. Invesco Ltd. now owns 1,805,239 shares of the construction company’s stock worth $748,127,000 after buying an additional 93,290 shares during the period. Northern Trust Corp raised its position in shares of Quanta Services by 1.8% in the 3rd quarter. Northern Trust Corp now owns 1,589,083 shares of the construction company’s stock worth $658,548,000 after buying an additional 27,688 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Quanta Services by 18.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,207,209 shares of the construction company’s stock worth $509,515,000 after buying an additional 191,135 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services News Roundup

Here are the key news stories impacting Quanta Services this week:

Positive Sentiment: Record Q1 results and guidance lift — Quanta reported $7.87B revenue and adjusted EPS $2.68 (well above estimates), disclosed record backlog/RPO and raised FY‑2026 guidance to $13.55–$14.25 EPS and ~$34.7–$35.2B revenue; this operational beat and higher outlook underpin the rally. PR Newswire: Q1 Results
Positive Sentiment: Top-line and execution coverage — multiple outlets highlight the EPS/revenue beat and raised outlook, signaling broad market recognition of stronger infrastructure demand and margin improvement. Zacks: Q1 Earnings Top Estimates
Positive Sentiment: Major broker upgrades/target hikes — Several firms raised price targets and kept/added outperform/overweight ratings (BMO to $800, Evercore to $800, JPMorgan to $805, Robert W. Baird to $777). These increases endorse the company’s growth trajectory and likely attract additional demand for the stock. MarketScreener: BMO MarketScreener: Evercore MarketScreener: JPMorgan
Neutral Sentiment: Market commentary and transcript coverage — Coverage from The Motley Fool, Seeking Alpha and other outlets explains the rally and details from the earnings call; useful for context but less likely to move price than hard results or broker actions. Fool: Why Quanta Is Powering Higher Seeking Alpha: Q1 Call Transcript
Negative Sentiment: One dissenting analyst view — Mizuho raised its target to $693 but kept a neutral rating; that PT sits below the current share price and could temper gains if investors focus on that lower valuation. MarketScreener: Mizuho

Analyst Upgrades and Downgrades

PWR has been the topic of a number of research reports. Evercore upped their price target on Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday. Cantor Fitzgerald upped their price target on Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Mizuho upped their price target on Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup increased their target price on Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Stifel Nicolaus set a $784.00 target price on Quanta Services in a report on Friday. Eighteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $650.73.

Get Our Latest Analysis on PWR

Quanta Services Company Profile

(Get Free Report)

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.