Quanta Services Q4 Revenue $7.84B Beats Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy PWR?
Reports Q4 revenue $7.84B, consensus $7.37B. "Quanta closed 2025 with another strong quarter, delivering double-digit year-over-year growth in revenue and adjusted EBITDA, while achieving record fourth-quarter and full-year results across multiple key financial metrics. Backlog was exceptionally strong at a record $44.0 billion, reflecting accelerating demand in our Electric segment and sustained activity across our end markets, which positions us well heading into 2026. These results underscore the strength of our portfolio, our differentiated solutions, and the deep expertise of our craft-skilled workforce-enabling us to deliver speed, certainty, and world-class execution as our customers modernize and expand critical infrastructure," said Duke Austin, president and CEO of Quanta Services.
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Analyst Views on PWR
Wall Street analysts forecast PWR stock price to fall
17 Analyst Rating
12 Buy
5 Hold
0 Sell
Moderate Buy
Current: 525.130
Low
424.00
Averages
487.00
High
540.00
Current: 525.130
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 to Announce Q4 Earnings on February 19
- Earnings Announcement: Quanta Services is set to announce its Q4 earnings on February 19 before market open, with a consensus EPS estimate of $3.02, reflecting a 2.7% year-over-year increase, which could further solidify its profitability in the industry.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $7.37 billion, representing a 12.5% year-over-year growth, indicating the company's sustained growth potential amid strong market demand, likely attracting more investor interest.
- Performance Beat Record: Over the past two years, Quanta Services has beaten EPS estimates 100% of the time and revenue estimates 75% of the time, showcasing its exceptional capabilities in financial management and market forecasting.
- Analyst Rating Upgrade: Recently, Quanta Services was upgraded to a “Buy” rating by Seaport and identified as a top large-cap power stock pick for 2026, reflecting market optimism regarding its future growth prospects.
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Quanta Services Projects Strong 2026 Financial Growth
- Revenue Growth Outlook: Quanta Services anticipates revenues for 2026 to range between $33.25 billion and $33.75 billion, representing over 16% growth from $28.48 billion in 2025, highlighting strong demand and market expansion in the electric infrastructure sector.
- Net Income and EPS Projections: The company expects net income to fall between $1.27 billion and $1.38 billion for 2026, with earnings per share projected between $8.36 and $9.06, reflecting ongoing improvements in profitability and shareholder returns.
- Robust Backlog: Quanta's backlog reached a record $44 billion by the end of 2025, indicating sustained growth potential in the electric and infrastructure sectors, positioning the company to effectively meet future market demands.
- Acquisition Strategy: In 2025, Quanta completed acquisitions of three electrical infrastructure companies for approximately $1.73 billion, which not only strengthens its market position but also lays the groundwork for future revenue growth.
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Quanta Services Q4 Earnings Exceed Expectations
- Earnings Beat: Quanta Services reported a Q4 non-GAAP EPS of $3.16, surpassing expectations by $0.14, which reflects the company's robust performance and boosts investor confidence.
- Significant Revenue Growth: The company achieved Q4 revenue of $7.84 billion, a 19.7% year-over-year increase, exceeding market expectations by $470 million, indicating strong competitiveness and sustained market demand.
- Optimistic Future Outlook: Quanta expects revenues for 2026 to range between $33.25 billion and $33.75 billion, significantly above the $31.49 billion consensus, demonstrating confidence in future growth prospects.
- Strong Cash Flow Projections: The anticipated free cash flow for 2026 is projected to be between $1.55 billion and $2.05 billion, further solidifying the company's financial health and supporting future investments and expansions.
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Quanta Services to Announce Q4 Earnings on February 19
- Earnings Announcement: Quanta Services is set to announce its Q4 earnings on February 19 before market open, with a consensus EPS estimate of $3.02, reflecting a 2.7% year-over-year increase, which could further solidify its profitability in the industry.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $7.37 billion, representing a 12.5% year-over-year growth, indicating the company's sustained growth potential amid strong market demand, likely attracting more investor interest.
- Performance Beat Record: Over the past two years, Quanta Services has beaten EPS estimates 100% of the time and revenue estimates 75% of the time, showcasing its exceptional capabilities in financial management and market forecasting.
- Analyst Rating Upgrade: Recently, Quanta Services was upgraded to a “Buy” rating by Seaport and identified as a top large-cap power stock pick for 2026, reflecting market optimism regarding its future growth prospects.
See More
Quanta Services Projects Strong 2026 Financial Growth
- Revenue Growth Outlook: Quanta Services anticipates revenues for 2026 to range between $33.25 billion and $33.75 billion, representing over 16% growth from $28.48 billion in 2025, highlighting strong demand and market expansion in the electric infrastructure sector.
- Net Income and EPS Projections: The company expects net income to fall between $1.27 billion and $1.38 billion for 2026, with earnings per share projected between $8.36 and $9.06, reflecting ongoing improvements in profitability and shareholder returns.
- Robust Backlog: Quanta's backlog reached a record $44 billion by the end of 2025, indicating sustained growth potential in the electric and infrastructure sectors, positioning the company to effectively meet future market demands.
- Acquisition Strategy: In 2025, Quanta completed acquisitions of three electrical infrastructure companies for approximately $1.73 billion, which not only strengthens its market position but also lays the groundwork for future revenue growth.
See More
Quanta Services Q4 Earnings Exceed Expectations
- Earnings Beat: Quanta Services reported a Q4 non-GAAP EPS of $3.16, surpassing expectations by $0.14, which reflects the company's robust performance and boosts investor confidence.
- Significant Revenue Growth: The company achieved Q4 revenue of $7.84 billion, a 19.7% year-over-year increase, exceeding market expectations by $470 million, indicating strong competitiveness and sustained market demand.
- Optimistic Future Outlook: Quanta expects revenues for 2026 to range between $33.25 billion and $33.75 billion, significantly above the $31.49 billion consensus, demonstrating confidence in future growth prospects.
- Strong Cash Flow Projections: The anticipated free cash flow for 2026 is projected to be between $1.55 billion and $2.05 billion, further solidifying the company's financial health and supporting future investments and expansions.
See More
Stock Movers: Carvana, DoorDash, Figma, Etsy, eBay, Walmart, and Others
- Stock Market Outlook: Stock futures are indicating a downward trend on Thursday.
- Investor Concerns: Investors are closely monitoring the rise in oil prices.
- Geopolitical Tensions: The increase in oil prices is linked to ongoing tensions with Iran.
- Market Reactions: The combination of these factors is influencing investor sentiment and market performance.
See More
U.S. Markets Steady Upward, Energy Stocks Benefit
- Market Performance: The S&P 500 is attempting its first three-session win streak since late January, with solid gains indicating investor confidence in economic recovery, particularly in energy and technology sectors.
- Economic Data Surprises: New orders for manufactured durable goods rose 0.9% in December, surpassing the expected 0.3%, while January industrial production increased by 0.7%, exceeding forecasts of 0.4%, signaling accelerating economic activity.
- Alphabet AI Innovation: Alphabet's launch of the Lyria 3 generative music model allows users to create 30-second tracks via the Gemini app, enhancing the quality of YouTube Shorts soundtracks and potentially attracting more creators to the platform.
- Earnings Season Approaches: Companies like DoorDash and Carvana will report quarterly earnings after Wednesday's close, while Walmart and Quanta Services will announce results before Thursday's open, with the market closely watching the impact of these reports on stock performance.
See More
Market Movers: Norwegian Cruise Line, Masimo, Paramount Skydance, Infosys, ZIM, and Others
- Market Overview: Stock futures experienced a decline on Tuesday.
- Investor Behavior: Investors are continuing to sell off tech stocks.
- Trend Continuation: The selloff in tech stocks is part of a recent trend.
- Market Sentiment: Overall investor sentiment appears to be negative.
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