Quanta Services Inc. stock rises as Q3 results lift 2026 outlook

Quanta Services Inc. reported record third-quarter results on October 29, 2026, and raised its full-year outlook across key measures. The company said revenue for the three months ended September 30 reached USD 12.01 billion, while adjusted diluted earnings per share came to USD 6.06. The figures and updated guidance were published by PR Newswire.

Record quarter lifts the annual targets

Revenue increased from USD 7.63 billion in the year-earlier quarter. GAAP diluted earnings per share rose to USD 4.55 from USD 2.24, while net income attributable to common stock increased to USD 694.9 million from USD 339.4 million.

Quanta now expects 2026 revenue of USD 41.3 billion to USD 41.6 billion, compared with the previous range of USD 39.3 billion to USD 39.7 billion. Adjusted diluted earnings per share guidance was lifted to USD 17.90 to USD 18.30, and free cash flow is now expected at USD 2.50 billion to USD 3.00 billion.

Backlog supports the growth case

Total backlog reached USD 63.73 billion at September 30, including USD 41.75 billion of remaining performance obligations. Management said demand was broadening across utility, power generation, industrial and technology customers and pointed to potential strong double-digit adjusted EPS growth in 2027.

The adjusted figures should be read alongside the GAAP results. Quanta's reconciliation excludes or adjusts for items including acquisition and integration costs, changes in contingent consideration, non-cash stock-based compensation and amortization.

Market context after the release

At Lang & Schwarz, the stock stood at EUR 575.50 on October 29 at 17:09 Berlin time. That was 6.81 percent above the verified Xetra close of EUR 538.80 from October 28, based on the Boursorama Xetra quote page.

Compared with the EUR 543.80 Lang & Schwarz reading in the earlier report at 12:11 CET, the later quote was 5.83 percent higher. This is a separate comparison from the Xetra-based daily move.

The real-time quote of Quanta Services Inc. stock provides the latest German-market reference for investors following the US-listed company.

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Further news and analyses on Quanta Services Inc. stock cover the company's earnings, guidance and infrastructure markets.