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Quanta Services ( (PWR) ) just unveiled an update.
Quanta Services reported record first-quarter 2026 results on April 30, 2026, with revenue rising to $7.87 billion from $6.23 billion a year earlier and net income attributable to common stock increasing to $220.6 million, or $1.45 per diluted share, compared with $144.3 million, or $0.96 per diluted share, in the first quarter of 2025. Adjusted diluted EPS climbed to $2.68, adjusted EBITDA reached a record $686.4 million, cash flow from operations was $391.7 million, free cash flow was $184.4 million, remaining performance obligations stood at $26.2 billion, total backlog hit a record $48.5 billion and management substantially raised its full-year 2026 financial expectations, underscoring strong demand, execution and the company’s positioning at the center of converging utility, generation and large-load markets.
For full-year 2026, Quanta now forecasts revenue of $34.7 billion to $35.2 billion and net income attributable to common stock of $1.40 billion to $1.50 billion, with expected diluted EPS of $9.17 to $9.87 and adjusted diluted EPS of $13.55 to $14.25. The company also projects EBITDA of $3.20 billion to $3.36 billion, adjusted EBITDA of $3.49 billion to $3.65 billion, and continues to target net cash from operating activities of $2.35 billion to $2.85 billion and free cash flow of $1.55 billion to $2.05 billion, reinforcing a positive long-term outlook despite potential macroeconomic, regulatory and project-timing headwinds.
The most recent analyst rating on (PWR) stock is a Buy with a $733.00 price target. To see the full list of analyst forecasts on Quanta Services stock, see the PWR Stock Forecast page.
Spark’s Take on PWR Stock
According to Spark, TipRanks’ AI Analyst, PWR is a Outperform.
PWR scores well on fundamentals and outlook: strong financial performance with improved leverage and solid cash generation, plus an upbeat earnings call supported by record backlog and robust 2026 growth/FCF guidance. Technicals are supportive but show near-term overbought signals. The main drag is valuation, with a high P/E that raises expectations despite a moderate dividend yield.
To see Spark’s full report on PWR stock, click here.
More about Quanta Services
Quanta Services, Inc. operates in the infrastructure services industry, providing specialized contracting, engineering and construction services primarily to utility, energy and communications companies. The company focuses on large-scale electric transmission, distribution, renewable generation and related grid and large-load infrastructure projects across North America and other markets.
Average Trading Volume: 1,103,543
Technical Sentiment Signal: Buy
Current Market Cap: $94.33B
For an in-depth examination of PWR stock, go to TipRanks’ Overview page.