Quanta Services (PWR) Q3 2026 Earnings Call: Guidance and Outlook
Management significantly increased full year 2026 financial expectations across all metrics during the call, reflecting strong year-to-date performance and expected incremental strength in the fourth quarter.
About Quanta Services. Quanta Services, Inc. is a global provider of specialized contracting solutions.
No formal quarterly guidance was provided during the call.
Annual guidance
Revenue
$41.3 billion to $41.6 billion
Adjusted EBITDA
$4.4 billion to $4.49 billion
Adjusted diluted EPS
$17.90 to $18.30
Free cash flow
$2.5 billion to $3 billion
Outlook
Inbound demand
Inbound demand across utility, power generation, and large load markets is accelerating, supported by long-duration compounding utility needs and technology investments.
Long-term growth
Management expects to continue compounding profitable growth and notes the company is pacing ahead of growth targets outlined at its 2026 Investor Day.
Workforce expansion
Quanta continues to invest in curriculum, training environments, and leadership development to attract talent and support craft capabilities.
Supply chain and manufacturing
The company is expanding integrated fabrication and manufacturing solutions across multiple states to increase speed, efficiency, and schedule certainty.
Balance sheet capacity
With strong liquidity of $5.2 billion and a bank-defined leverage ratio of approximately 1.3x, Quanta retains ample capacity to support strategic initiatives.
Dombey's summary of the Quanta Services Q3 2026 earnings call held Oct 29, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
