Quanta Services (PWR) Reports Record Q1 2026 Revenue of $7.87B

Quanta Services Inc. (NYSE:PWR) is one of the best growth stocks to invest in for the next 2 years. On April 30, Quanta Services delivered an exceptional performance for Q1 2026, setting multiple records across its financial metrics. Consolidated revenues reached a record $7.87 billion, a significant increase from $6.23 billion in the prior-year period. Net income attributable to common stock rose to $220.6 million, resulting in record Q1 GAAP diluted EPS of $1.45. On an adjusted basis, diluted EPS reached $2.68, while adjusted EBITDA climbed to $686.4 million.

The company’s project pipeline and liquidity remain at historic levels, with a record total backlog of $48.5 billion and RPO of $26.2 billion. Quanta’s cash position was equally strong, generating $391.7 million in cash flow from operations and $184.4 million in free cash flow during the quarter. CEO Duke Austin highlighted that this success is driven by the company’s unique positioning at the intersection of utility, generation, and large-load markets, which represent a massive addressable market of $2.4 trillion through the end of the decade.

Quanta Services (PWR) Reports Record Q1 2026 Revenue of $7.87B

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For these reasons, Quanta Services Inc. (NYSE:PWR) increased its full-year 2026 financial expectations. The company now projects annual revenues to range between $34.7 billion and $35.2 billion, with adjusted diluted EPS forecasted between $13.55 and $14.25. Management expects to maintain this momentum despite potential economic headwinds such as inflation and interest rate fluctuations, remaining on track to deliver another consecutive year of double-digit earnings growth.

Quanta Services Inc. (NYSE:PWR) offers specialized infrastructure solutions to the broader utility, power generation, load center, communications, pipeline, and energy industries.

While we acknowledge the risk and potential of PWR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PWR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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