Quanta Services Raises 2026 EPS Forecast to $12.65–$13.35 on AI Data Center Demand
Quanta Services forecast full-year 2026 adjusted EPS of $12.65–$13.35, topping the $12.44 analyst consensus and citing robust AI data center infrastructure demand. Fourth-quarter adjusted EPS rose to $3.16 on $7.84 billion revenue, above $3.02 and $7.37 billion estimates, prompting a 6% premarket share gain.
1. 2026 Profit Outlook
Quanta Services projects adjusted EPS of $12.65 to $13.35 for full-year 2026, well above the $12.44 analysts expected. The upgrade reflects strong investments in AI data center infrastructure boosting the company’s core electric segment.
2. Fourth-Quarter Financial Performance
In the quarter ended December 31, adjusted earnings per share climbed to $3.16 on $7.84 billion in revenue, surpassing expectations of $3.02 EPS and $7.37 billion revenue. Both figures also exceeded the prior-year results of $2.94 EPS and $6.55 billion revenue.
3. Market Reaction and Strategic Drivers
Shares jumped 6% in premarket trading following the forecast release. Company leadership highlighted growth opportunities from utility, power generation, large-load industries, electrification projects and power grid expansion fueled by hyperscaler AI demand.