The stock is changing hands at $642.27 up $81.13 (+14.46%) after getting as high as $678.98 on a burst of enthusiasm or, more likely terror from someone caught short.
From Investing.com, July 30:
Quanta Services reported stronger-than-expected second-quarter 2026 results, with adjusted earnings of $4.24 a share on revenue of $9.56 billion, topping Wall Street forecasts and sending the stock sharply higher in premarket trading. The company also raised its full-year outlook for revenue, earnings and free cash flow, citing broad-based organic growth, a record backlog and improving margins. Shares rose 15.86% to $650.13 from the previous close of $561.14, moving closer to the top of their 52-week range.
Key TakeawaysCompany Performance
- Adjusted EPS of $4.24 beat the $3.29 forecast by 28.9%.
- Revenue of $9.56 billion beat the $8.61 billion estimate by 11.0%.
- Management raised full-year 2026 guidance for revenue, adjusted EBITDA, adjusted EPS and free cash flow.
- Quanta said organic growth drove the quarter, while recent acquisitions contributed only modestly because of timing.
- The company ended the quarter with a record $53 billion backlog and improved leverage metrics.
Quanta Services said the second quarter was one of its strongest periods on record, with broad-based growth across utility, generation, technology and infrastructure markets. The company posted adjusted EBITDA of $1.1 billion and said revenues, EBITDA and adjusted EPS all grew at double-digit rates.Management stressed that the quarter was driven mainly by organic growth rather than acquisitions. Four deals closed during the period — Phalcon, Enerfab, Percheron and PSD — but they contributed only about $11 million of adjusted EBITDA because of timing. The company said the acquisitions are expected to add scale and capabilities later in the year.
The results extend a long run of strong execution. Quanta said it has delivered record adjusted EPS for nine consecutive years, supported by an 80% to 85% self-perform rate and a workforce of more than 85,000 employees.
Financial HighlightsEarnings vs. Forecast
- Revenue: $9.56 billion, up sharply year over year and above the $8.61 billion forecast.
- Adjusted diluted EPS: $4.24, above the $3.29 forecast.
- Net income attributable to common stock: $451 million, or $2.96 per diluted share.
- Adjusted EBITDA: $1.1 billion.
- Acquisition contribution: about $11 million of adjusted EBITDA in the quarter.
- Full-year 2026 revenue guidance: $39.3 billion to $39.7 billion.
- Full-year 2026 adjusted EBITDA guidance: $4.1 billion to $4.2 billion.
- Full-year 2026 adjusted EPS guidance: $16.45 to $16.95.
- Full-year 2026 free cash flow guidance: $2.0 billion to $2.5 billion.
- Debt-to-EBITDA ratio: 1.7x at the end of the quarter, down from 1.95x at the end of 2025.
- Market capitalization: $97.3 billion.
- P/E ratio: 88.81, reflecting premium valuation expectations.
- Revenue growth over the last twelve months as of Q1 2026: 21.1%.
Quanta’s adjusted EPS beat expectations by $0.95 a share, or 28.9%, while revenue came in $950 million above estimates, an 11.0% surprise. That is a large beat for a company already viewed as a steady performer in infrastructure services.The size of the EPS surprise is especially notable. Management said the quarter reflected broad organic strength across all segments, which suggests the outperformance was not driven by a single project or a one-time item. The company also lifted its full-year outlook, reinforcing the message that the second-quarter results were part of a broader trend rather than an isolated spike....
....MUCH MORE, including:
Outlook & Guidance
Executive Commentary
Risks and Challenges
Q&A
Full transcript
