Quanta Services 8-K
PositiveEarningsGuidance raised
Q2 outperformance, improved visibility and Phalcon, Percheron, PSD and Enerfab acquisitions drive higher FY2026 guidance.
Filed 2026-07-30 06:58 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with significantly raised FY2026 guidance. Revenue, earnings and cash flow increased Y/Y, and backlog reached a record; Quanta raised its full-year expectations across all metrics, citing Q2 outperformance, improved visibility and expected contributions from acquisitions.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $9.56B | $6.77B | +41.1% |
| Operating income | $695M | $370M | +87.7% |
| Net income attributable to common stock | $451M | $229M | +96.9% |
| EBITDA | $962M | $589M | +63.1% |
| Adjusted EBITDA (non-GAAP) | $1.07B | $669M | +59.5% |
| Diluted EPS attributable to common stock | $2.96 | $1.52 | +94.7% |
| Adjusted diluted EPS attributable to common stock (non-GAAP) | $4.24 | $2.48 | +71.0% |
| Net cash provided by operating activities | $1.10B | $296M | +270% |
| Free cash flow (non-GAAP) | $886M | $170M | +420% |
- H1 2026 revenue was $17.4B vs $13.0B (+34.0%); net income attributable to common stock was $672M vs $374M (+79.9%); diluted EPS was $4.41 vs $2.47 (+78.5%), and adjusted diluted EPS was $6.92 vs $4.25 (+62.8%). H1 operating cash flow was $1.49B vs $539M and FCF was $1.07B vs $288M.
- RPO was $33.6B and total backlog was a record $53.4B at quarter-end. Cash was $506M vs $440M at 12/31/2025; total debt carrying value was $6.10B vs $5.99B.
- Quanta completed acquisitions of Phalcon, Percheron and PSD in Q2, and Enerfab in July. Aggregate upfront consideration, net of cash acquired, was $1.24B: $1.07B cash and $173.3M in Quanta stock; contingent consideration of up to $242.3M may also be payable. Cash consideration was funded with existing debt facilities and cash on hand.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue | FY2026 | $39.3B-$39.7B | — | Raised |
| Net income attributable to common stock (GAAP) | FY2026 | $1.74B-$1.82B | — | Raised |
| Diluted EPS attributable to common stock (GAAP) | FY2026 | $11.41-$11.92 | — | Raised |
| Adjusted diluted EPS attributable to common stock (non-GAAP) | FY2026 | $16.45-$16.95 | — | Raised |
| EBITDA | FY2026 | $3.74B-$3.86B | — | Raised |
| Adjusted EBITDA (non-GAAP) | FY2026 | $4.09B-$4.21B | — | Raised |
| Net cash provided by operating activities | FY2026 | $2.9B-$3.4B | — | Raised |
| Free cash flow (non-GAAP) | FY2026 | $2B-$2.5B | — | Raised |
| Acquired companies’ revenue contribution | FY2026 | ≈$1.2B-$1.4B | — | — |
| Acquired companies’ adjusted EBITDA contribution (non-GAAP) | FY2026 | ≈$120M-$140M | — | — |
Investor Takeaways
- Track FY2026 results against the raised ranges; management’s outlook incorporates improved visibility and acquisition contributions.
- Watch realization of the record backlog and the acquired businesses’ expected FY2026 contribution.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3