--- title: "Quanta Services | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 9.557 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294351064.md" datetime: "2026-07-30T11:05:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294351064.md) - [en](https://longbridge.com/en/news/294351064.md) - [zh-HK](https://longbridge.com/zh-HK/news/294351064.md) --- # Quanta Services | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 9.557 B Revenue: As of FY2026 Q2, the actual value is USD 9.557 B, beating the estimate of USD 8.595 B. EPS: As of FY2026 Q2, the actual value is USD 2.96, beating the estimate of USD 2.2611. EBIT: As of FY2026 Q2, the actual value is USD 690.59 M. ### Second Quarter 2026 Financial Highlights (Three Months Ended June 30, 2026 vs. 2025) #### Consolidated Performance - **Net Income Attributable to Common Stock**: Net income attributable to common stock was $451.4 million in Q2 2026, up from $229.3 million in Q2 2025. - **Gross Profit**: Gross profit increased to $1,545,178 thousand in Q2 2026 from $1,007,574 thousand in Q2 2025. - **Operating Income**: Operating income was $694,834 thousand in Q2 2026, up from $370,282 thousand in Q2 2025. - **Consolidated Operating Margin**: The consolidated operating margin improved to 7.3% in Q2 2026 from 5.5% in Q2 2025. - **Operating Costs (Selling, General and Administrative Expenses)**: Selling, general and administrative expenses were - $698,490 thousand in Q2 2026, compared to - $528,355 thousand in Q2 2025. - **Operating Costs (Amortization of Intangible Assets)**: Amortization of intangible assets was - $156,957 thousand in Q2 2026, versus - $113,178 thousand in Q2 2025. #### Segment Performance - **Electric Segment Revenue**: Revenues for the Electric segment were $7,837,805 thousand in Q2 2026, compared to $5,458,074 thousand in Q2 2025. - **Electric Segment Operating Income**: Operating income for the Electric segment was $898,225 thousand in Q2 2026, compared to $552,620 thousand in Q2 2025. - **Electric Segment Operating Margin**: The Electric segment operating margin was 11.5% in Q2 2026, compared to 10.1% in Q2 2025. - **Underground and Infrastructure Segment Revenue**: This segment generated revenues of $1,719,192 thousand in Q2 2026, compared to $1,314,933 thousand in Q2 2025. - **Underground and Infrastructure Segment Operating Income**: Operating income for the Underground and Infrastructure segment was $155,772 thousand in Q2 2026, compared to $90,703 thousand in Q2 2025. - **Underground and Infrastructure Segment Operating Margin**: The Underground and Infrastructure segment operating margin was 9.1% in Q2 2026, compared to 6.9% in Q2 2025. - **Corporate and Non-Allocated Costs**: These costs amounted to - $359,163 thousand in Q2 2026, compared to - $273,041 thousand in Q2 2025. #### Cash Flow - **Net Cash Provided by Operating Activities**: Net cash provided by operating activities was $1,095,444 thousand in Q2 2026, a significant increase from $295,711 thousand in Q2 2025. - **Free Cash Flow**: Free cash flow was $885,968 thousand in Q2 2026, up from $170,436 thousand in Q2 2025. #### Backlog and Remaining Performance Obligations - **Remaining Performance Obligations (RPO)**: RPO stood at $33.6 billion as of June 30, 2026. - **Total Backlog**: Total backlog reached a record level of $53.4 billion as of June 30, 2026, compared to $35.84 billion as of June 30, 2025. - **Electric Segment Backlog**: Electric Segment Backlog was $43,790,038 thousand as of June 30, 2026, versus $30,283,298 thousand as of June 30, 2025. - **Underground and Infrastructure Segment Backlog**: Underground and Infrastructure Segment Backlog was $9,650,458 thousand as of June 30, 2026, versus $5,561,237 thousand as of June 30, 2025. ### Year-to-Date 2026 Financial Highlights (Six Months Ended June 30, 2026 vs. 2025) - **Net Income Attributable to Common Stock**: Net income attributable to common stock was $672.0 million for the first six months of 2026, up from $373.5 million in the prior year period. - **Gross Profit**: Gross profit was $2,652,507 thousand for the six months ended June 30, 2026, compared to $1,841,611 thousand in 2025. - **Operating Income**: Operating income was $1,033,613 thousand for the six months ended June 30, 2026, up from $609,363 thousand in 2025. - **Consolidated Operating Margin**: The consolidated operating margin was 5.9% for the first six months of 2026, up from 4.7% in 2025. - **Net Cash Provided by Operating Activities**: Net cash provided by operating activities was $1,487,188 thousand for the six months ended June 30, 2026, compared to $538,909 thousand in 2025. - **Free Cash Flow**: Free cash flow was $1,070,388 thousand for the six months ended June 30, 2026, compared to $288,188 thousand in 2025. ### Recent Operational Highlights - **Acquisitions**: Quanta Services, Inc. completed the acquisitions of Phalcon, Enerfab, Percheron, and PSD, which are expected to contribute approximately $1.2 billion to $1.4 billion in revenues and $120 million to $140 million in adjusted EBITDA for the full year 2026. - **Joint Venture**: In June 2026, Quanta Services, Inc. formed a joint venture with Hyosung HICO, named Hyosung HICO Breaker, LLC, to manufacture high-voltage circuit breakers in the United States. - **Stock Repurchase Program and Dividend**: In May 2026, Quanta Services, Inc.’s Board of Directors authorized a new $1 billion stock repurchase program and declared a quarterly cash dividend of $0.11 per share. - **Credit Rating Upgrade**: Moody’s Ratings upgraded Quanta Services, Inc.’s senior unsecured notes rating to Baa2 from Baa3 and its commercial paper rating to Prime-2 from Prime-3 in June 2026. ### Full-Year 2026 Outlook Quanta Services, Inc. significantly increased its full-year 2026 financial expectations across all metrics. The company now expects revenues to range between $39.3 billion and $39.7 billion, with net income attributable to common stock projected between $1.74 billion and $1.82 billion. Net cash provided by operating activities is anticipated to range from $2.90 billion to $3.40 billion, and free cash flow is expected to be between $2.00 billion and $2.50 billion. ### Related Stocks - [PWR.US](https://longbridge.com/en/quote/PWR.US.md) ## Related News & Research - [PensionDanmark Pensionsforsikringsaktieselskab Acquires 2,998 Shares of Quanta Services, Inc. $PWR](https://longbridge.com/en/news/295297434.md) - [How Investors Are Reacting To Quanta Services (PWR) $2 Billion Long‑Dated Debt Raise And Upgraded Outlook](https://longbridge.com/en/news/295441797.md) - [If You Invested $1000 In Quanta Services Stock 20 Years Ago, You Would Have This Much Today](https://longbridge.com/en/news/295139736.md) - [Quanta Services prices USD 2 billion senior notes offering across 2029, 2033, 2036 tranches](https://longbridge.com/en/news/295140768.md) - [ESS Tech reschedules Q2 2026 results conference call to Tuesday evening](https://longbridge.com/en/news/295407778.md)