Quanta Services PWR Sees Record Backlog of $39.2 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Source: NASDAQ.COM
- Significant Backlog Growth: Quanta Services' backlog reached a record $39.2 billion, up 15.5% from $33.96 billion a year earlier, indicating strong demand across end markets and enhancing future revenue visibility.
- Stable Project Execution: The company continues to secure work tied to essential grid and power delivery needs in a steady utility and power infrastructure spending environment, supporting more predictable project execution timelines and enhancing business stability.
- Competitive Industry Position: Quanta's shares have gained 17.3% over the past six months, significantly outperforming the Zacks Engineering - R&D Services industry's growth of 4.6%, reflecting its competitive strength amid ongoing infrastructure investment growth.
- Rising Earnings Expectations: Quanta's earnings estimate for 2026 has been raised in the past 30 days, indicating an expected year-over-year increase of 17.2% alongside projected revenue growth of 11.4%, suggesting a positive outlook for the company's profitability and market performance.
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Analyst Views on PWR
Wall Street analysts forecast PWR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PWR is 487.00 USD with a low forecast of 424.00 USD and a high forecast of 540.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
12 Buy
5 Hold
0 Sell
Moderate Buy
Current: 481.280
Low
424.00
Averages
487.00
High
540.00
Current: 481.280
Low
424.00
Averages
487.00
High
540.00
About PWR
Quanta Services, Inc. provides specialized infrastructure solutions to the utility, renewable energy, technology, communications, pipeline, and energy industries in the United States, Canada, Australia and other international markets. Its segments include Electric Infrastructure Solutions (Electric) and Underground Utility and Infrastructure Solutions (Underground and Infrastructure). Electric provides comprehensive services for electric power, renewable energy, technology and communications markets. Services include design, procurement, new construction, upgrade and repair and maintenance services for electric power transmission and distribution infrastructure, both overhead and underground, and substation facilities, along with other engineering and technical services. The Underground and Infrastructure provides comprehensive infrastructure solutions to customers involved in the transportation, distribution, storage, development and processing of natural gas, oil and other products.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Quanta Services Schedules Q4 and Full-Year 2025 Earnings Release
- Earnings Release Schedule: Quanta Services will release its Q4 and full-year 2025 financial results on February 19, 2026, before market open, providing critical operational and financial insights for investor analysis.
- Webcast Timing: The company has scheduled a financial results webcast for February 19, 2026, at 9:00 a.m. Eastern Time, aiming to enhance transparency through interactive web-based audio engagement with investors.
- Supplemental Materials Release: Following the earnings release, Quanta will post supplemental financial materials on its Investor Relations website, including operational and financial commentary intended to provide deeper market analysis for investors.
- Global Business Overview: Quanta Services operates in the U.S., Canada, Australia, and select international markets, offering infrastructure solutions across energy and communications sectors, showcasing its leadership position in the industry.

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Quanta Services to Release Q4 and Full-Year 2025 Financial Results
- Earnings Release Schedule: Quanta Services will announce its fourth quarter and full-year 2025 financial results on February 19, 2026, before market open, expected to provide critical operational and financial insights for investor analysis.
- Webcast Timing: The company has scheduled a financial results webcast for February 19, 2026, at 9:00 a.m. Eastern Time, aimed at providing institutional investors with deeper financial interpretations and a Q&A session.
- Supplemental Materials Release: Following the earnings announcement, Quanta will post supplemental financial materials on its Investor Relations website, including operational and financial commentary to aid investors in understanding market dynamics.
- Global Business Overview: Quanta Services is an industry leader in providing utility, renewable energy, and communication infrastructure solutions, with operations across the U.S., Canada, Australia, and select international markets, demonstrating its capability to complete various project scopes.

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