Quanta Services, Inc.
Quanta Services, Inc. Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management said on revenue, margins and capex.
What the Q2 FY26 call signalled
4 of 4 strong
The short version
- Quanta expects continued revenue growth driven by strong backlog and market demand, targeting $34.7 to $35.2 billion in revenues for the full year. - Quanta expects to more than double its earnings power by 2030, targeting 15% to 20% adjusted EPS growth annually, with opportunities to exceed this range.
From Quanta Services, Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.
Revenue & Sales Performance
- Quanta expects continued revenue growth driven by strong backlog and market demand, targeting $34.7 to $35.2 billion in revenues for the full year.
- Adjusted EBITDA is projected between $3.49 billion to $3.65 billion, with adjusted EPS forecasted between $13.55 and $14.25.
- The company anticipates more than doubling earnings power by 2030, aiming for 15%-20% adjusted EPS growth annually.
- Growth is supported by diverse markets including utilities, data centers, renewables, and large load facilities.
- Increased activity expected in Canada electrical infrastructure, with pipeline projects anticipated to start in coming quarters.
- M&A activity is expected to be additive to growth, with ongoing acquisitions planned over the next 2-3 years.
2 more points from Quanta Services, Inc.'s call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Quanta is investing $500 million to $700 million over the next several years in power transformer manufacturing facilities to double capacity.
- Nearly doubling off-site manufacturing, fabrication, and logistics facilities to about 6.7 million square feet as part of integrated fabrication and supply chain solutions.
- Investments target supporting programmatic spend, especially for data centers, enabling speed and certainty amid labor constraints.
- Focus on technology and vertical supply chain investments to expand ability to deliver total solutions across converging markets.
- Continuous investment in building and scaling craft workforce organically—adding 5,000 to 6,000 workers per year planned.
2 more points from Quanta Services, Inc.'s call on capex
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Fundraising & Capital Structure
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Order Book & Pipeline
- Quanta reported a record backlog of $48.5 billion as of Q1.
- Book-to-bill ratio strong at 1.6x, indicating robust order intake.
- Backlog increase was broad-based across all segments and disciplines, including large load center and transmission & distribution projects.
- Large new load facility projects, many over $1 billion, are increasingly common.
- A meaningful 765 kV Master Service Agreement contributed less than 25% of the backlog increase.
- Backlog expected to continue rising year-over-year, though not necessarily quarter-over-quarter.
- Projects currently being negotiated are increasing, showing visibility and firmness in orders.
2 more points from Quanta Services, Inc.'s call on order book
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Continue your research
Others in Construction and Engineering this season
- APi Group Corporation (Q2 FY26)
APi Group Corporation Q2 FY26 quarterly results analysis. Mid- to upper single-digit organic revenue growth expected consistently in the Safety Services segment
- Sterling Infrastructure, Inc. (Q2 FY26)
Sterling Infrastructure, Inc. Q2 FY26 quarterly results analysis. 2026 revenue guidance increased to $3.7–$3.8 billion, representing over 50% growth from 2025.
- MasTec, Inc. (Q2 FY26)
MasTec, Inc. Q2 FY26 quarterly results analysis. Strong organic growth momentum continuing into 2026 and beyond, with 22% year-over-year revenue growth guidance
- EMCOR Group, Inc. (Q2 FY26)
EMCOR Group, Inc. Q2 FY26 quarterly results analysis. EMCOR expects continued strong demand across key market sectors, particularly data centers, water/wastewat
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Quanta Services, Inc. Q2 FY26 results?
- Quanta expects continued revenue growth driven by strong backlog and market demand, targeting $34.7 to $35.2 billion in revenues for the full year. - Quanta expects to more than double its earnings power by 2030, targeting 15% to 20% adjusted EPS growth annually, with opportunities to exceed this range.
What is Quanta Services, Inc. share price analysis?
Quanta Services, Inc. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 102.1 with a market cap of $109,559. Investors should review the full earnings analysis for detailed insights.
Is Quanta Services, Inc. planning capital expenditure?
- Quanta is investing $500 million to $700 million over the next several years in power transformer manufacturing facilities to double capacity.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.