New York, February 20, 2026, 06:41 (ET) — Premarket
Shares of Quanta Services (PWR) added 1% to $559.54 in pre-market action Friday, extending gains after a strong reaction to its earnings report in the previous session. Thursday saw the stock finish up 6.7% at $554.00. (MarketWatch)
Quanta Services expects its 2026 adjusted profit to top Wall Street’s projections, citing firm demand in its main electric segment as spending by data centers and on the grid holds up. “The convergence of utility, power generation, and large-load industries continues to create significant opportunities,” Chief Executive Duke Austin said. Large-load customers—data centers, advanced factories, and other major power users—remain a key driver. (Reuters)
Quanta’s 2026 outlook calls for revenue between $33.25 billion and $33.75 billion, with adjusted EPS ranging from $12.65 to $13.35. Free cash flow? The company targets $1.55 billion to $2.05 billion, using its own measure: operating cash flow less net capital spending. (Quanta Services, Inc.)
Quanta reported fourth-quarter revenue of $7.84 billion, up from $6.55 billion in the same period last year. Adjusted EPS hit $3.16, the company said in its earnings release. As of the end of 2025, backlog totaled $43.98 billion, with remaining performance obligations at $23.76 billion—both figures reflect work under contract but not yet finished. (SEC)
Quanta picked up Tri-City Group, Wilson Construction Company, and Billings Flying Service last quarter, spending roughly $1.73 billion up front, mostly in cash. The company projects the acquisitions will boost 2026 adjusted EPS by $0.40 to $0.50, driven mostly by gains in its electric segment. (PR Newswire)
According to a regulatory filing, Quanta attached its earnings release as an exhibit to a Form 8-K. The company noted its operational and financial commentary would be available online in the investor relations section of its website. (SEC)
Quanta, in its annual filing Thursday, listed 149,619,428 shares outstanding as of Feb. 16. The company also noted it still has $365.1 million left to spend from a $500 million buyback plan, which is set to expire on June 30, 2026. (SEC)
Investors looking for AI exposure without loading up on the tech giants have turned to “infrastructure” names like Quanta. But Michael Reynolds, vice president of investment strategy at Glenmede, flagged a concern: “valuations for anything with AI exposure are getting a bit rich.” (Reuters)
The shares rebounded after a rough patch for the sector. On Wednesday, Quanta dropped 1.1%, trailing other construction names like AECOM, MasTec and EMCOR. Then came Thursday’s pop on earnings. (MarketWatch)
Quanta ended Thursday at a new record, hitting $554.64 during the day, Macrotrends’ price data shows. The focus now: whether shares can stay above their previous high when markets reopen. (MacroTrends)
Quanta pointed to a few potential snags. Weather, regulatory delays, permitting issues, and supply-chain problems could throw off project schedules and execution, the company warned. There’s also uncertainty around inflation, interest rates, and the chance of a recession. (Nasdaq)
The next big date is Quanta’s upcoming quarterly report. According to the Markets Insider corporate calendar, the company is set to announce earnings on April 30. Investors are watching for margin progress and evidence that Quanta’s record backlog is starting to convert to cash. (Businessinsider)
