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How Quanta Services (PWR) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 07/30/2026
Quanta Services is a U.S. corporation that provides infrastructure services for the electric power, pipeline, industrial and communications industries. · Wikipedia
More about the company
The company has grown organically since its founding, but it has also acquired over 200 companies in the electrical contracting and other construction industries. In the 2020s, it has been involved in the construction of data centers as a consequence of the rise of artificial intelligence and its need for electrical power.
Key growth driver: Electric — the fastest-growing revenue line: $7,838, +44% y/y. · by the Q2 2026 report
How does Quanta Services make money?
Quanta Services brought in $9.56 billion of revenue in Q2 2026, up 41.1% year over year. The largest source was Electric: $7.84 billion, or 82% of the total, followed by Underground & Infrastructure ($1.72B, 18%). Net income for the quarter was $451 million, up 96.9% year over year.
Revenue by source, Q2 2026
- Electric$7.84B · 82% · +43.6%
- Underground & Infrastructure$1.72B · 18% · +30.7%
Shares of $9.56B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is PWR’s next earnings date?
Thursday, October 29, 2026estimated
Quanta Services (PWR) has not confirmed the date yet; Oct 29, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $4.68 (10 analysts), vs $3.08 in the same quarter last year.
What time does PWR report? Usually before market open: the last 4 results releases reached the SEC at 6:58 am, 6:58 am, 6:58 am, 6:58 am ET.
Last report: Jul 30, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$9,557
+41.1%
Gross profit
$1,545
+53.4%
16.2% margin
Operating income
$695
+87.6%
7.3% margin
Net income
$451
+96.9%
$2.96 diluted EPS
Verdict: An outstanding quarter — revenue up 41% and operating income up 88% driven overwhelmingly by the Electric segment (grid, data center, power gen demand), with margin expansion outpacing cost growth and net income nearly doubling despite rising SG&A, amortization from acquisitions and higher interest expense.
OCF $1,095M (vs $296M); Free cash flow $886M; new $1B buyback authorized (May 2026), $135M repurchased under prior program; quarterly dividend $0.11/share; FY2026 guidance raised to revenue $39.3-39.7B and net income $1.74-1.82B.
Source and notation
* marks non-cash / ≈ estimated. Source: Quanta Services press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
PWR earnings history: past report dates
| Jul 30, 2026 Thu | 6:58 ambefore market open | Jun 30, 2026 | $9.6B+41% y/y | $2.96+95% y/y |
| Apr 30, 2026 Thu | 6:58 ambefore market open | Mar 31, 2026 | $7.9B+26% y/y | $1.45+51% y/y |
| Feb 19, 2026 Thu | 6:58 ambefore market open | Dec 31, 2025 | ≈$7.8B+20% y/y | ≈$2.08+2% y/y |
| Oct 30, 2025 Thu | 6:58 ambefore market open | Sep 30, 2025 | $7.6B+18% y/y | $2.24+15% y/y |
| Jul 31, 2025 Thu | 6:58 ambefore market open | Jun 30, 2025 | $6.8B+21% y/y | $1.52+21% y/y |
| May 1, 2025 Thu | 6:58 ambefore market open | Mar 31, 2025 | $6.2B+24% y/y | $0.96+22% y/y |
| Feb 20, 2025 Thu | 6:59 ambefore market open | Dec 31, 2024 | ≈$6.6B+13% y/y | ≈$2.03+44% y/y |
| Oct 31, 2024 Thu | 6:58 ambefore market open | Sep 30, 2024 | $6.5B+16% y/y | $1.95+7% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Quanta Services: 5-year financials
| 2025 | 28,480 | 1,612 | 1,028 | 1,621 | 60.4 |
| 2024 | 23,673 | 1,347 | 905 | 1,477 | 54.2 |
| 2023 | 20,882 | 1,128 | 745 | 1,141 | 47.8 |
| 2022 | 17,074 | 872 | 491 | 703 | 41.1 |
| 2021 | 12,980 | 664 | 486 | 197 | 34 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 2026Cover of the 2025 10-K: one class — Common Stock (NYSE: PWR); 149.6M shares as of December 31, 2025. sec.gov ↗
- Feb 2026Diluted weighted average shares rose 4.2% over 2020–2025; SBC $182M — 0.6% of $28.5B revenue. data.sec.gov ↗
- Feb 2026Declared dividend rose from $0.25 (2021) to $0.41 per share (2025). data.sec.gov ↗
- Feb 2026The 10-K's Commitments and Contingencies section: wildfire lawsuits and contract disputes; no shareholder lawsuits or SEC investigations. sec.gov ↗
Scoring: 2.0 with no deductions = 2.0 (single share class, diluted shares +4.2% over 5 years with acquisitions partly paid in stock, SBC 0.6% of revenue, dividend rising, no shareholder lawsuits or SEC cases)
- Share classes
- 10-K cover: one class — Common Stock $0.00001 (NYSE: PWR).
- Dilution
- Diluted shares +4.2% over 2020–2025 (<10%): some deals (Blattner and others) paid in stock at market; SBC 0.6% of revenue.
- Disclosure
- Full reporting, no violations.
- Dividends
- Dividend raised every year: $0.25 (2021) → $0.41 (2025); no cuts.
- Lawsuits & regulators
- 10-K: wildfire cases (Silverado), contract and employment disputes; no shareholder disclosure suits or SEC cases.
- Related parties
- No material related-party transactions disclosed in the 2026 proxy.
How the score works · checked as of Sep 2026
Quanta Services (PWR) earnings: FAQ
How does Quanta Services make money?
Quanta Services brought in $9.56 billion of revenue in Q2 2026, up 41.1% year over year. The largest source was Electric: $7.84 billion, or 82% of the total, followed by Underground & Infrastructure ($1.72B, 18%). Net income for the quarter was $451 million, up 96.9% year over year.
When is PWR's next earnings date?
Quanta Services (PWR) has not confirmed the date yet; Oct 29, 2026 is an estimate based on its past reporting schedule.
What time does PWR report earnings?
Quanta Services usually reports before market open: its latest results release was filed with the SEC at 6:58 am ET on Jul 30, 2026.
When did PWR last report earnings?
Quanta Services reported Q2 2026 results on Jul 30, 2026.
What is the EPS estimate for PWR's next earnings?
The consensus EPS forecast is $4.68 (10 analysts), vs $3.08 in the same quarter last year.
Where can I find Quanta Services's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to PWR's filings; this page breaks the latest report down in a Sankey chart.
What was PWR's net income in Q2 2026?
Quanta Services reported net income of $451M for Q2 2026 (+96.9% year over year), under US GAAP.
Does Quanta Services pay dividends?
Yes. In 2025, Quanta Services paid $60M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error
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