Quanta Services Q2 revenue jumps 41%, beats estimates
PWR•What drove the quarter
The company said the results reflected the strength of its solutions-based operating model and execution by its workforce.
It also said growth was supported by increased customer investment in electric grid, power generation and mission-critical infrastructure.
Quanta completed four acquisitions during and after the quarter, but said three did not materially contribute to Q2 results.
Analyst view and valuation
The average analyst rating on the shares is buy, with 22 strong buy or buy ratings, 10 hold ratings and no sell or strong sell ratings.
The median 12-month price target is $800.00, about 42.6% above the July 29 closing price of $561.14.
The stock recently traded at 37 times next-12-month earnings, compared with 40 times three months ago.
Updated outlook and capital return
Quanta Services raised its 2026 revenue outlook to .
