Quanta Services reports record Q4, targets $33.25–33.75B revenue in 2026
Quanta Services delivered record fourth-quarter 2025 results, driven by robust utility investments in its Electric Infrastructure Solutions segment and contributions from Tri-City, Wilson and Billings acquisitions. For 2026, the company forecasts revenues of $33.25 to $33.75 billion, adjusted EPS of $12.65 to $13.35 and GAAP EPS of $8.36 to $9.06.
1. Record Fourth-Quarter Results
Quanta Services delivered record fourth-quarter 2025 results, driven by robust demand in its Electric Infrastructure Solutions segment and incremental contributions from recent acquisitions Tri-City, Wilson and Billings. Accelerating utility investments and power generation projects underpinned backlog growth, supporting top-line momentum.
2. 2026 Revenue and EPS Guidance
For fiscal 2026, management forecasts revenues between $33.25 and $33.75 billion, representing double-digit year-over-year growth, adjusted earnings per share of $12.65 to $13.35 and GAAP EPS of $8.36 to $9.06. The outlook reflects expected further utility spending and sustained demand across core end markets.
3. Upcoming Investor Conferences
Senior executives will participate in two investor conferences in March: a fireside chat at the Jefferies Power, Energy, Clean Energy, and Utilities Conference in New York on March 3 and investor meetings at the Daiwa Investment Conference in Tokyo on March 2–3.