Quanta Services stock rises 5.59% since higher outlook report

Published on 11/09/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quanta Services stock is at a higher level than in the latest report. Management still targets stronger 2026 revenue, earnings and cash flow.

Higher targets raise execution demands

Quanta Services reported record third-quarter revenue, earnings and backlog for the period ended September 30.
Management raised its 2026 revenue, earnings and cash-flow targets after stronger quarterly performance.
Backlog conversion, project timing, permitting and margin discipline remain key investor focus areas.

Quanta Services, US74762E1029, Illustration mit AI erstellt.

Quanta Services reported record third-quarter results on October 29, 2026, and lifted its full-year targets across major financial measures, according to AD HOC NEWS. The infrastructure contractor generated revenue of 12.01 billion US dollars in the three months ended September 30, up from 7.63 billion US dollars a year earlier.

Record quarter lifts outlook

Net income attributable to common stock rose to 694.9 million US dollars from 339.4 million US dollars. GAAP diluted earnings per share increased to 4.55 US dollars from 2.24 US dollars, while adjusted diluted earnings per share reached 6.06 US dollars compared with 3.33 US dollars.

Adjusted EBITDA reached 1.45 billion US dollars, operating cash flow was 1.45 billion US dollars and free cash flow came to 1.20 billion US dollars. Total backlog stood at 63.7 billion US dollars, including 41.8 billion US dollars of remaining performance obligations.

Higher targets meet execution risk

Quanta now expects 2026 revenue of 41.3 billion to 41.6 billion US dollars. The forecast also includes net income attributable to common stock of 1.92 billion to 1.98 billion US dollars, diluted earnings per share of 12.57 to 12.97 US dollars and adjusted diluted earnings per share of 17.90 to 18.30 US dollars.

Adjusted EBITDA is expected at 4.40 billion to 4.49 billion US dollars, while operating cash flow is forecast at 3.45 billion to 4.00 billion US dollars and free cash flow at 2.50 billion to 3.00 billion US dollars. Weather, regulation, permitting, supply-chain constraints and project timing could affect delivery.

What changed since the latest report

Quanta Services stock traded at 519.80 euros on Lang & Schwarz at 17:00 CET on Monday, November 9. That quote was 5.59 percent above the 492.30-euro quote cited in the latest report at 14:07 CET the same day.

Management said continued backlog growth could support strong double-digit adjusted earnings-per-share growth in 2027. Investors will therefore focus on converting backlog into revenue while preserving margins and cash generation.