Quanta Services, Inc. (PWR)

The company now

Quanta Services reported third-quarter 2026 revenue of $12.01 billion on 29 October, up from $7.63 billion a year earlier 1.

Net income attributable to common stock was $694.9 million, or $4.55 per diluted share, against $339.4 million, or $2.24 a share, a year before 1.

Backlog, the company's measure of signed and expected work, reached a record $63.7 billion on 30 September, and $41.8 billion of it is firm orders 1.

The 10-Q credits the growth to increased demand for services and to bought companies, about $1.22 billion of Electric revenue and about $335 million of Underground and Infrastructure revenue 2.

Quanta says its utility customers are asking for more because of rising electricity demand tied to, among other things, data centers 2.

Chief executive Duke Austin said the company is "again significantly increasing our full-year 2026 financial expectations across all metrics" 1.

The open question is how long data center demand lasts, and asked about reports of slipping projects, Austin said "If something was to slow, I'm not concerned at this point" 4.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.