Quanta Services Q3 revenue beats on broadening demand; raises 2026 outlook
PWR•Quanta Services reported Q3 revenue of $12 billion and adjusted EPS of $6.06, both above analyst expectations, and raised its 2026 outlook across key metrics. It expects 2026 revenue of $41.3 billion to $41.6 billion and adjusted diluted EPS of $17.90 to $18.30.
1. Quarterly results
Quanta Services reported Q3 revenue of $12 billion, compared with an analyst consensus estimate of $11.04 billion. Adjusted EPS was $6.06 versus an estimate of $5.02, while net income was $694.90 million and adjusted EBITDA was $1.40 billion.
2. Raised 2026 outlook
The company raised its full-year 2026 guidance across all key metrics. It expects revenue of $41.3 billion to $41.6 billion, diluted EPS of $12.57 to $12.97, and adjusted diluted EPS of $17.90 to $18.30.
3. Demand and acquisitions
Quanta attributed its Q3 performance to expanding demand from utility, power generation, industrial and technology customers, as well as its operating model and ability to deploy skilled workers across markets. It completed two acquisitions to expand fabrication and supply chain capabilities.
