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Quanta Services posts record Q2 with $9.56B revenue, raises full-year outlook amid strong demand and backlog.

Company Fundamentals
27 Aug 2026
Seeking Alpha
View Source
Bullish
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Quanta Services reported record Q2 2026 results with $9.56 billion in revenue, a 41% increase year-over-year, and adjusted EPS of $4.24, up 71%. The company raised its full-year guidance significantly, supported by a record backlog of $53.4 billion, including $23.5 billion expected to convert within 12 months. This strong performance is driven by rising electricity demand, grid modernization efforts, and growth in AI-driven data centers. Despite a recent 16% stock pullback, the valuation has become more attractive at around 53 times forward P/E, indicating a favorable risk-reward profile amid robust earnings and cash flow growth.

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