Quanta Services reports strong first quarter 2026 revenue growth and raises its full-year outlook.

Quanta Services reported first quarter 2026 revenues of $7.87 billion and GAAP diluted EPS of $1.45, representing year-over-year growth of 26% and 51%, respectively. Citing a strong start to the year and improved visibility, the company increased its financial guidance for the full year 2026.

Key Highlights

• Total backlog reached a record $48.5 billion, a significant increase from $35.3 billion in the prior-year quarter.
• The company raised its full-year 2026 revenue guidance to a range of $34.7 billion to $35.2 billion and adjusted diluted EPS guidance to $13.55 to $14.25 per share.
• Both the Electric and Underground & Infrastructure segments delivered revenue growth and margin expansion, with the Electric segment's revenue growing 31% year-over-year to $6.5 billion.