Quanta Services stock holds above $600 after 2Q26 beat
Published on 08/31/2026 at 19:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Quanta Services Inc. (US74762E1029) opened at $603.18 on August 31, 2026 after a second-quarter beat that lifted revenue to $9.56 billion and earnings per share to $4.24.
The latest quarter also showed a 41.1% year-over-year revenue increase, while the company guided fiscal 2026 adjusted EPS to $16.45-$16.95 and analysts on average looked for $15.35 for the full year.
Quarterly numbers stay strong
Quanta's July 30, 2026 report set the backdrop for the stock's current valuation. Revenue of $9.56 billion beat the $8.61 billion consensus estimate, and EPS of $4.24 topped the $3.31 forecast by $0.93.
The same release showed net margin at 4.03% and return on equity at 20.55%, while the year-earlier quarter produced EPS of $2.48. That comparison matters for investors because the business is now growing from a much larger base while still posting clear profit leverage.
Guidance and analyst range
Management now sees fiscal 2026 adjusted EPS between $16.45 and $16.95, which sits above the $15.35 average analyst estimate cited in the same market update. A $1.00 billion buyback authorization adds another numeric anchor to the story and gives the market a second way to judge capital return discipline.
The share count and valuation picture also stay elevated: the stock had a $90.68 billion market capitalization, a 69.09 price-to-earnings ratio and a 1.98 PEG ratio in the latest market snapshot.
More on Quanta Services
Quanta Services is a specialty contractor tied to electric power, pipeline and energy, and communications infrastructure. Its work spans transmission, substation construction, grid modernization and project delivery for large utility and industrial customers.
Stock level to watch
For now, the stock is trading well below its 12-month high of $788.75 but far above the 12-month low of $363.01, with a 50-day average of $661.49 and a 200-day average of $640.09. That gap shows how much of the 2026 move is already in the price as investors weigh growth against valuation.
Fact box
Company: Quanta Services Inc.
ISIN: US74762E1029
Ticker: PWR
Exchange: NYSE
Price (as of August 31, 2026, 8:13 a.m. ET): $603.18 USD
Market cap: $90.68 billion (as of August 31, 2026)
Sector / Industry: Industrials / Construction and Engineering
Index membership: S&P 500
Next earnings date: November 2026
