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Quanta Services, Inc. (PWR), a U.S.-based infrastructure contractor, has issued revenue guidance for 2026 at a midpoint of $33.5 billion, exceeding analyst expectations by nearly $2 billion. The company, which provides services for the power grid, data centers, and renewable energy systems, reported that its record backlog of $43.98 billion supports long-term revenue visibility.

For the fourth quarter of 2025, Quanta Services posted an adjusted EPS of $3.16, above the IBES estimate of $3.02, and revenue of $7.84 billion, surpassing the consensus of $7.37 billion. CEO Duke Austin emphasized that the integration of AI-driven data center construction is now a structural driver of revenue growth.

The company is investing $500–$700 million in vertical supply chain capabilities for power transformer manufacturing, a strategy aimed at reducing bottlenecks in grid expansion. Analysts project EPS to rise from $10.75 in 2025 to $13.11 in 2026, supported by acquisitions and the transformer investment.

Wall Street coverage shows a consensus price target of $579.74, reflecting minimal short-term upside from the current stock price of $574. TIKR’s mid-case valuation model projects $845.20 by 2030, assuming continued revenue growth and margin expansion from supply chain investments.

Quanta Services expects its Analyst Day in late March or early April 2026 to provide further guidance on multi-year earnings growth and backlog conversion.

Source: tikr.com