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Quanta Services, Inc. (PWR) Q2 FY2026 Financial Statements: Revenue $9.56B, Net income $451.38M

CIK 0001050915 · NYSE · Latest period: Q2 FY2026 (ended 2026-06-30, 10-Q accession 0001050915-26-000025) · Annual report: FY2025 10-K (filed 2026-02-19, accession 0001050915-26-000006) · Next expected filing: 10-Q ~2026-10-29

More for Quanta Services: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026

Published

Quanta Services reported $9.56 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 41.1% from a year earlier, as demand for its electric infrastructure work rose and acquired businesses added revenue. Net income attributable to common stock was $451.38 million, up 96.9%, or $2.96 per diluted share against $1.52, and operating income rose to $694.83 million from $370.28 million. Its Electric Infrastructure Solutions segment, the larger of its two segments, brought in $7.84 billion, up 43.6%.

MetricAmountvs. year ago
Revenue$9,556,997,000up 41.1%
Net income$451,381,000up 96.9%
Diluted EPS$2.96up 94.7%
Operating income$694,834,000up 87.6%
Electric segment revenue$7,837,805,000up 43.6%

Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.

About this file

TickerPWR
CIK0001050915
CompanyQuanta Services, Inc.
Business typeindustrial
Schema templatestandard (industrial services contractor): revenue, cost of revenue (the filing's 'Cost of services'), gross profit, operating income, net income, EPS; cash, debt, assets, equity; operating cash flow, capital expenditures, free cash flow; plus revenue and operating income for the two reportable segments
Reporting currencyUSD
Converted to USDno
Unitsactual US dollars (not thousands); share counts in actual shares; per-share amounts in dollars. Expense, outflow and other deduction lines that the statements print in parentheses are stored as negative numbers; cost of revenue and the income tax provision, which the statements print without parentheses, are stored as positive numbers.

PWR annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
LabelFY2025FY2024FY2023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Period typefiscal yearfiscal yearfiscal year
Source accession10-K10-K10-K
Balance sheet
Cash and cash equivalents439,508,000741,960,000
Accounts receivable net6,847,091,0005,170,935,000
Contract assets1,522,186,0001,208,619,000
Inventories370,372,000260,181,000
Total current assets9,903,417,0007,851,033,000
Property and equipment net3,455,204,0002,700,277,000
Other intangible assets net2,906,188,0001,860,537,000
Goodwill7,317,228,0005,316,443,000
Total assets24,926,901,00018,683,894,000
Short term debt and current maturities of long term debt763,898,00062,680,000
Accounts payable and accrued expenses4,579,458,0003,722,343,000
Contract liabilities3,258,465,0002,149,328,000
Total current liabilities8,716,198,0006,028,513,000
Long term debt net of current maturities5,231,008,0004,099,756,000
Total liabilities15,899,027,00011,354,177,000
Total stockholders equity8,938,249,0007,317,731,000
Noncontrolling interests89,625,00011,986,000
Total equity9,027,874,0007,329,717,000
Shares outstanding149,577,564147,678,512
Total debt5,994,906,0004,162,436,000
Cash flow
Depreciation411,538,000359,363,000324,786,000
Amortization of intangible assets498,795,000382,959,000289,014,000
Stock based compensation181,947,000150,526,000126,762,000
Operating cash flow2,229,970,0002,081,196,0001,575,952,000
Capital expenditures-609,154,000-604,078,000-434,803,000
Proceeds from sale of property and equipment51,916,00077,643,00069,347,000
Acquisitions net of cash acquired-3,052,116,000-1,745,735,000-651,623,000
Investing cash flow-3,830,974,000-2,294,319,000-989,650,000
Dividends paid-60,416,000-54,196,000-47,752,000
Repurchases of common stock-134,555,0000-350,000
Financing cash flow1,274,984,000-305,636,000268,500,000
Net capital expenditures-557,238,000-526,435,000-365,456,000
Free cash flow company defined1,672,732,0001,554,761,0001,210,496,000
Free cash flow1,620,816,0001,477,118,0001,141,149,000
Income statement
Revenue28,479,697,00023,672,795,00020,882,206,000
Cost of revenue24,204,616,00020,162,034,00017,945,120,000
Gross profit4,275,081,0003,510,761,0002,937,086,000
Equity in earnings of integral unconsolidated affiliates55,635,00050,484,00041,609,000
Selling general and administrative expenses-2,189,209,000-1,824,754,000-1,555,137,000
Amortization of intangible assets-498,795,000-382,959,000-289,014,000
Increase in fair value of contingent consideration liabilities-31,203,000-7,064,000-6,568,000
Operating income1,611,509,0001,346,468,0001,127,976,000
Interest and other financing expenses-261,445,000-202,687,000-186,913,000
Interest income15,702,00032,404,00010,830,000
Other income expense net23,739,00035,845,00018,063,000
Income before income taxes1,389,505,0001,212,030,000969,956,000
Provision for income taxes347,588,000284,747,000219,267,000
Net income1,041,917,000927,283,000750,689,000
Net income attributable to noncontrolling interests13,539,00022,459,0006,000,000
Net income attributable to common stock1,028,378,000904,824,000744,689,000
Basic EPS6.916.165.13
Diluted EPS6.86.035
Basic weighted average shares148,790,000146,929,000145,222,000
Diluted shares151,291,000150,056,000148,823,000
Dividends declared per share0.410.370.33
Segments
Electric
Revenue23,001,468,00019,012,379,00015,867,198,000
Operating income2,360,262,0001,958,692,0001,490,558,000
Underground and infrastructure
Revenue5,478,229,0004,660,416,0005,015,008,000
Operating income398,276,000265,030,000377,977,000

PWR quarterly income statement, balance sheet and cash flow

Q2 FY2026Q2 FY2025
Fiscal year20262025
Fiscal quarter22
LabelQ2 FY2026Q2 FY2025
Period start2026-04-012025-04-01
Period end2026-06-302025-06-30
Period typethree monthsthree months
Source accession10-Q10-Q
Balance sheet
Cash and cash equivalents506,431,000
Accounts receivable net8,532,311,000
Contract assets1,534,265,000
Inventories469,865,000
Total current assets11,859,754,000
Property and equipment net3,697,411,000
Other intangible assets net3,216,084,000
Goodwill7,868,886,000
Total assets28,291,820,000
Short term debt and current maturities of long term debt683,022,000
Accounts payable and accrued expenses5,748,126,000
Contract liabilities4,241,933,000
Total current liabilities10,798,457,000
Long term debt net of current maturities5,421,862,000
Total liabilities18,549,877,000
Total stockholders equity9,637,942,000
Noncontrolling interests104,001,000
Total equity9,741,943,000
Shares outstanding150,273,799
Total debt6,104,884,000
Cash flow
Operating cash flow1,095,444,000295,711,000
Capital expenditures-230,955,000-140,349,000
Proceeds from sale of property and equipment21,479,00015,074,000
Net capital expenditures-209,476,000-125,275,000
Free cash flow company defined885,968,000170,436,000
Free cash flow864,489,000155,362,000
Income statement
Revenue9,556,997,0006,773,007,000
Cost of revenue8,011,819,0005,765,433,000
Gross profit1,545,178,0001,007,574,000
Equity in earnings of integral unconsolidated affiliates11,590,00014,444,000
Selling general and administrative expenses-698,490,000-528,355,000
Amortization of intangible assets-156,957,000-113,178,000
Increase in fair value of contingent consideration liabilities-6,487,000-10,203,000
Operating income694,834,000370,282,000
Interest and other financing expenses-73,548,000-59,579,000
Interest income3,307,0003,782,000
Other income expense net-7,430,0004,138,000
Income before income taxes617,163,000318,623,000
Provision for income taxes157,584,00085,100,000
Net income459,579,000233,523,000
Net income attributable to noncontrolling interests8,198,0004,273,000
Net income attributable to common stock451,381,000229,250,000
Basic EPS3.011.54
Diluted EPS2.961.52
Basic weighted average shares150,208,000148,448,000
Diluted shares152,439,000150,923,000
Dividends declared per share0.110.1
Segments
Electric
Revenue7,837,805,0005,458,074,000
Operating income898,225,000552,620,000
Underground and infrastructure
Revenue1,719,192,0001,314,933,000
Operating income155,772,00090,703,000
Cash flow source accession0001193125-26-3248550001193125-26-324855
Cash flow sourceThree-month cash flow figures are from the free cash flow reconciliation in Exhibit 99.1 to the Form 8-K furnished July 30, 2026 (accession 0001193125-26-324855); the Form 10-Q prints its cash flow statement for six-month periods only.Three-month cash flow figures are from the free cash flow reconciliation in Exhibit 99.1 to the Form 8-K furnished July 30, 2026 (accession 0001193125-26-324855); the Form 10-Q prints its cash flow statement for six-month periods only.

PWR year-to-date income statement and cash flow

H1 FY2026 (six months ended June 30, 2026)
Fiscal year2026
LabelH1 FY2026 (six months ended June 30, 2026)
Period start2026-01-01
Period end2026-06-30
Period typesix months
Source accession10-Q
Cash flow
Depreciation230,432,000
Amortization of intangible assets309,338,000
Stock based compensation126,013,000
Operating cash flow1,487,188,000
Capital expenditures-451,048,000
Proceeds from sale of property and equipment34,248,000
Acquisitions net of cash acquired-930,311,000
Investing cash flow-1,358,812,000
Dividends paid-33,695,000
Repurchases of common stock0
Financing cash flow-64,951,000
Net capital expenditures-416,800,000
Free cash flow company defined1,070,388,000
Free cash flow1,036,140,000
Income statement
Revenue17,431,784,000
Cost of revenue14,779,277,000
Gross profit2,652,507,000
Equity in earnings of integral unconsolidated affiliates26,059,000
Selling general and administrative expenses-1,319,216,000
Amortization of intangible assets-309,338,000
Increase in fair value of contingent consideration liabilities-16,399,000
Operating income1,033,613,000
Interest and other financing expenses-146,815,000
Interest income6,215,000
Other income expense net-19,494,000
Income before income taxes873,519,000
Provision for income taxes182,509,000
Net income691,010,000
Net income attributable to noncontrolling interests19,004,000
Net income attributable to common stock672,006,000
Basic EPS4.48
Diluted EPS4.41
Basic weighted average shares149,995,000
Diluted shares152,289,000
Dividends declared per share0.22
Segments
Electric
Revenue14,306,462,000
Operating income1,459,307,000
Underground and infrastructure
Revenue3,125,322,000
Operating income261,389,000
Prior year comparative
Fiscal year2025
LabelH1 FY2025 (six months ended June 30, 2025)
Period start2025-01-01
Period end2025-06-30
Period typesix months
Source accession10-Q
Cash flow
Depreciation196,839,000
Amortization of intangible assets222,740,000
Stock based compensation82,222,000
Operating cash flow538,909,000
Capital expenditures-273,111,000
Proceeds from sale of property and equipment22,390,000
Acquisitions net of cash acquired-586,102,000
Investing cash flow-980,546,000
Dividends paid-30,318,000
Repurchases of common stock-134,555,000
Financing cash flow186,747,000
Net capital expenditures-250,721,000
Free cash flow company defined288,188,000
Free cash flow265,798,000
Income statement
Revenue13,006,341,000
Cost of revenue11,164,730,000
Gross profit1,841,611,000
Equity in earnings of integral unconsolidated affiliates27,373,000
Selling general and administrative expenses-1,022,321,000
Amortization of intangible assets-222,740,000
Increase in fair value of contingent consideration liabilities-14,560,000
Operating income609,363,000
Interest and other financing expenses-113,891,000
Interest income7,623,000
Other income expense net4,377,000
Income before income taxes507,472,000
Provision for income taxes124,980,000
Net income382,492,000
Net income attributable to noncontrolling interests8,984,000
Net income attributable to common stock373,508,000
Basic EPS2.52
Diluted EPS2.47
Basic weighted average shares148,361,000
Diluted shares150,937,000
Dividends declared per share0.2
Segments
Electric
Revenue10,402,465,000
Operating income960,784,000
Underground and infrastructure
Revenue2,603,876,000
Operating income167,570,000

PWR trailing twelve month income statement and cash flow

Twelve months ended June 30, 2026
LabelTwelve months ended June 30, 2026
Period start2025-07-01
Period end2026-06-30
Period typetrailing twelve months
Source accession10-Q
Derived from accessions10-K, 10-Q
DerivationFY2025 (10-K, accession 0001050915-26-000006) plus the six months ended June 30, 2026 less the six months ended June 30, 2025 (10-Q, accession 0001050915-26-000025). Not printed by the company; per-share earnings and share counts are not additive and are omitted.
Income statement
Revenue32,905,140,000
Cost of revenue27,819,163,000
Gross profit5,085,977,000
Selling general and administrative expenses-2,486,104,000
Amortization of intangible assets-585,393,000
Operating income2,035,759,000
Interest and other financing expenses-294,369,000
Income before income taxes1,755,552,000
Provision for income taxes405,117,000
Net income1,350,435,000
Net income attributable to noncontrolling interests23,559,000
Net income attributable to common stock1,326,876,000
Dividends declared per share0.43
Cash flow
Depreciation445,131,000
Amortization of intangible assets585,393,000
Stock based compensation225,738,000
Operating cash flow3,178,249,000
Capital expenditures-787,091,000
Proceeds from sale of property and equipment63,774,000
Net capital expenditures-723,317,000
Free cash flow2,391,158,000
Free cash flow company defined2,454,932,000
Acquisitions net of cash acquired-3,396,325,000
Dividends paid-63,793,000

Adjustments

Value
Splits appliednone
ADR ration/a
FXnone; Quanta Services reports in US dollars

Shares outstanding cover

Value
Shares150,343,393
As of2026-07-27
Source accession10-Q
NoteCommon shares outstanding as stated on the cover of the Form 10-Q for the quarter ended June 30, 2026.

Notes

  • Annual figures (FY2023-FY2025 income statement and cash flow; FY2024-FY2025 balance sheet) are from the FY2025 Form 10-K (accession 0001050915-26-000006). Quarterly and six-month figures are from the Form 10-Q for the quarter ended June 30, 2026 (accession 0001050915-26-000025). The 10-K presents a balance sheet only for December 31, 2025 and 2024, so FY2023 carries no balance sheet; the 10-Q presents a balance sheet only for June 30, 2026 and December 31, 2025, so Q2 FY2025 carries none.
  • Quanta Services' fiscal year is the calendar year. Q2 FY2026 is the three months ended June 30, 2026.
  • revenue is the 'Revenues' line; cost_of_revenue is the line the statements caption 'Cost of services'.
  • net_income is consolidated net income including non-controlling interests; net_income_attributable_to_common_stock is the earnings-per-share numerator. Basic and diluted EPS are as printed on the statements of operations.
  • operating_income on the statements of operations is after equity in earnings of integral unconsolidated affiliates, which the company presents within operating income.
  • Segment operating income (Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions) is before corporate and non-allocated costs, which include amortization of intangible assets, non-cash stock-based compensation and acquisition and integration costs; the two segments therefore do not sum to consolidated operating income. Segment revenues sum to consolidated revenues.
  • total_debt is derived: short-term debt and current maturities of long-term debt plus long-term debt, net of current maturities, as printed on the balance sheet. The June 30, 2026 balance sheet captions the current line 'Current maturities of long-term debt and short-term debt'; the December 31, 2025 and 2024 balance sheets caption it 'Current maturities of long-term debt'. The same field name is used for both.
  • shares_outstanding on each balance sheet is the common shares outstanding stated in the balance sheet's common stock caption.
  • free_cash_flow is derived as net cash provided by operating activities less gross capital expenditures. The company defines its own non-GAAP free cash flow as operating cash flow less NET capital expenditures (capital expenditures less proceeds from sales of and insurance settlements on property and equipment); that figure is stored separately as free_cash_flow_company_defined. For Q2 FY2026, Q2 FY2025 and both six-month periods it is as printed in the company's reconciliation in Exhibit 99.1 to the Form 8-K furnished July 30, 2026 (accession 0001193125-26-324855); for FY2023-FY2025 it is derived from the 10-K cash flow statement lines on the same definition.
  • Three-month cash flow figures for Q2 FY2026 and Q2 FY2025 (operating cash flow, capital expenditures, proceeds from sales of property and equipment, net capital expenditures, free cash flow) come from the earnings release furnished with the Form 8-K on July 30, 2026 (accession 0001193125-26-324855), because the Form 10-Q prints its cash flow statement for six-month periods only.
  • dividends_declared_per_share is from the statements of equity: $0.41, $0.37 and $0.33 for FY2025, FY2024 and FY2023 in the 10-K, and $0.11 per quarter in 2026 and $0.10 per quarter in 2025 in the 10-Q. The six-month amounts ($0.22 and $0.20) are the sum of the two quarters printed.
  • The trailing-twelve-month view is derived (FY2025 plus the first half of 2026 less the first half of 2025) and is not a figure the company prints.
  • No stock split, currency translation or ADR adjustment applies: Quanta Services reports in US dollars, its common stock trades directly on the NYSE, and no split occurred in the periods covered.

Uncertainties

  • Discrete first-quarter 2026 and 2025 results are not presented as separate periods: the 10-Q's statements of operations print only the second quarter and the six-month totals.
  • Three-month cash flow figures rely on the earnings release rather than the 10-Q, which presents cash flows for six-month periods only.

Company details

Value
NameQuanta Services, Inc.
TickerPWR
CIK0001050915
ExchangeNYSE
StateTexas
IncorporationDelaware
SIC1731
OfficeReal Estate & Construction
IndustryElectrical Work

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ2
TagFY26Q2
Period end2026-06-30
Form10-Q
Accession10-Q
Fiscal year end1231
Sourcefacts

Source filings

RoleCurrentFormFiscal yearFiscal periodTagPeriod endFiledAccessionUrlSource
annualno10-K2025FYFY252025-12-312026-02-190001050915-26-000006https://www.sec.gov/Archives/edgar/data/1050915/000105091526000006/0001050915-26-000006-index.htmreported
quarterlyyes10-Q2026Q2FY26Q22026-06-302026-07-300001050915-26-000025https://www.sec.gov/Archives/edgar/data/1050915/000105091526000025/0001050915-26-000025-index.htmfacts

FAQ · Quanta Services financial statements

How much revenue did Quanta Services report in Q2 FY2026?

Quanta Services reported $9.56 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026. That is up 41.1% from $6.77 billion in the same quarter a year earlier.

What were Quanta Services' earnings per share in Q2 FY2026?

Quanta Services earned $2.96 per diluted share in Q2 FY2026, compared with $1.52 a year earlier. Net income attributable to common stock was $451.38 million, up 96.9% from $229.25 million.

How much did Quanta Services' operating income grow in Q2 FY2026?

Quanta Services' operating income was $694.83 million in Q2 FY2026, up 87.6% from $370.28 million in the same quarter a year earlier.

How much revenue did Quanta Services' Electric segment bring in during Q2 FY2026?

Quanta Services' Electric Infrastructure Solutions segment reported $7.84 billion in revenue for Q2 FY2026, up 43.6% from $5.46 billion a year earlier.

Where can I get Quanta Services, Inc. (PWR) financial data in machine-readable form?

Ticker Scout publishes Quanta Services, Inc.'s financial statements as JSON at https://tickerscout.ai/pwr/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/pwr/narrative.md and https://tickerscout.ai/pwr/events.md. Quanta Services, Inc.'s SEC CIK is 0001050915. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Quanta Services, Inc. (PWR) next file with the SEC?

Quanta Services, Inc. (PWR) is expected to file its next Form 10-Q with the SEC on or around October 29, 2026. That date is a projection rather than a company-announced date: it is derived from Quanta Services, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001050915-26-000025.

How this page was built

This page was built from three of Quanta Services, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

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Built from Quanta Services, Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.