Quanta Services posts record Q1 revenue of $7.9B and raises 2026 outlook with strong profit growth.

Quanta Services reported a record first quarter revenue of $7.9 billion, up from $6.2 billion the previous year, driven by strong performance in its Electric and Underground segments. Net income attributable to common stock rose to $220.6 million, or $1.45 per diluted share, with adjusted EPS reaching $2.68. The company also reported a record backlog of $48.5 billion and increased its full-year 2026 revenue guidance to $34.7-$35.2 billion, expecting continued double-digit earnings growth. Quanta's CEO highlighted the company's strategic position in converging utility and energy markets, emphasizing long-term growth prospects through 2030.