Quanta Services Posts Record Q3 Revenue of $12.01 Billion, Backlog Hits $63.7 Billion as Guidance Rises
Quanta Services, Inc. (NYSE: PWR), the Houston-based infrastructure services company, on October 29 announced results for the three months ended September 30, 2026. Third-quarter revenues were $12.01 billion, a quarterly record, compared with $7.63 billion in the third quarter of 2025.
Net income attributable to common stock was $694.9 million, or $4.55 per diluted share, compared with $339.4 million, or $2.24 per diluted share, a year earlier. Adjusted diluted earnings per share was $6.06, compared with $3.33 in the prior-year quarter. Adjusted EBITDA was about $1.4 billion, cash flow from operations was $1.5 billion and free cash flow was $1.2 billion.
Remaining performance obligations reached $41.8 billion and total backlog reached a record $63.7 billion. Quanta provides design, installation, repair and maintenance services for utility, power generation, communications, pipeline and energy infrastructure.
President and Chief Executive Officer Duke Austin said the quarter again exceeded expectations, with strong double-digit growth in revenue, adjusted EBITDA and adjusted diluted earnings per share, robust cash flow and a record $63.7 billion backlog, and that the company was again significantly increasing its full-year 2026 financial expectations across all metrics.
Quanta now expects full-year revenues of $41.3 billion to $41.6 billion, net income attributable to common stock of $1.92 billion to $1.98 billion, and adjusted diluted earnings per share of $17.90 to $18.30. In September and October the company also completed two acquisitions for aggregate consideration of about $245 million, strengthening its fabrication and supply chain capabilities.
Source: GSM · USA (original Chinese edition)
Photo: 图：高压输电塔与输电线路实景。照片：Wikimedia Commons，CC0。 / Photo: A high-voltage transmission tower and lines. Photo via Wikimedia Commons, CC0.
