Record-Breaking Backlog and Upward Guidance: U.S. Infrastructure Company Reports Earnings

On April 30, Quanta Services, Inc. (NYSE: PWR) reported first-quarter 2026 revenue of approximately $7.9 billion and net income of $220 million, marking its strongest quarterly performance to date. The company also disclosed a record backlog of roughly $48.5 billion and raised its full-year guidance for revenue, earnings, and EBITDA. Alongside these results, Quanta unveiled a mid-to-long-term growth plan aimed at more than doubling its adjusted earnings per share by 2030 and announced the date for its earnings webcast.

On May 4, Chief Financial Officer Paul Nobel sold 4,000 shares of Quanta common stock at an average price of about $757 per share, generating proceeds of around $3 million. Including small gifts, he continues to hold over 8,000 shares, valued at approximately $6.3 million at current market prices.

In the wake of the earnings release, investors have focused on the record backlog and the upgraded outlook. External analyses project Quanta’s 2026 revenue target at $34.7 billion to $35.2 billion, with net income expected to range from $1.4 billion to $1.5 billion. Since the announcement, Quanta’s share price has risen by roughly 19%.

Quanta Services is a leading infrastructure specialist providing engineering, procurement, and construction (EPC) and maintenance services across energy and communications infrastructure—including power grids, renewable energy, data centers, telecommunications networks, and pipelines—primarily in North America. Demand driven by grid modernization, the transition to renewable energy, and the expansion of AI and cloud data centers underpins Quanta’s and its peers’ medium-to-long-term growth prospects.