Quanta Services reported strong third-quarter results with double-digit growth in revenue, adjusted EBITDA, and adjusted EPS, driven by accelerating demand in its Electric segment and robust activity across its end markets. The company is well-positioned for continued growth in 2026, focusing on integrated infrastructure solutions and expanding its addressable markets.
Record quarterly revenues of $7.63 billion, an increase of 17.5% year-over-year.
positiveGAAP Diluted EPS of $2.24, an increase of 14.9% year-over-year.
positiveAdjusted Diluted EPS of $3.33, an increase of 22.4% year-over-year.
positiveRecord backlog of $39.2 billion, reflecting accelerating demand.
positiveInventories increased to $333.7 million from $260.2 million at the end of the prior fiscal year, a 28.3% increase.
attentionOperating income for the Underground and Infrastructure segment was $122.2 million, an increase of 30.1% year-over-year, but represented 8.4% of segment revenue, down from 11.0% in the prior year quarter.
attentionCorporate and Non-Allocated Costs increased to $308.8 million from $238.8 million year-over-year, representing 4.0% of consolidated revenues in both periods.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Electric | $6172019.0B | $5233887.0B | +17.9% | 80.9% |
Underground and Infrastructure | $1459389.0B | $1259280.0B | +15.9% | 19.1% |
| Total Revenue | $7631408.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Quanta delivered another quarter of strong results, achieving double-digit growth in revenue, adjusted EBITDA and adjusted EPS compared to the prior year, alongside record backlog of $39.2 billion.
These results demonstrate the power of our portfolio, the strength of our craft-skilled workforce and our ability to provide certainty through world-class execution for our customers as they modernize and expand critical infrastructure.
We believe we are well positioned to achieve record backlog and another year of double-digit earnings per share growth in 2026.
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