Quanta Services shares jump 14.6% on strong Q1 results and raised 2026 guidance.

Quanta Services reported better-than-expected Q1 results with adjusted EPS of $2.68 and sales of $7.9 billion, surpassing estimates. The company has a record backlog of $48.5 billion, signaling strong demand in its markets. It raised its 2026 revenue guidance to $34.7-$35.2 billion and adjusted EPS guidance to $13.55-$14.25, both above analyst expectations. Shares rose 14.6% as the company expects continued growth, particularly in its Electric Infrastructure Solutions segment, with strong revenue gains expected through Q3 before seasonal easing in Q4.