Quanta Services, Inc. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Quanta Services Q2 2026 Earnings Summary

Key Financial Results (Q2 2026)
  • Revenues: $9.6 billion (strong double-digit organic growth across segments)
  • Net income attributable to common stock: $451 million ($2.96 per diluted share)
  • Adjusted diluted EPS: $4.24
  • Adjusted EBITDA: $1.1 billion (included ~$11 million from Q2 acquisitions)
  • Record backlog: $53 billion
  • Free cash flow performance strong in first half, supported by favorable contracting and growth in MEP/EPC/renewables
Performance vs. Prior Periods
  • Results meaningfully exceeded expectations with broad-based organic strength (vs. initial 2026 outlook)
  • Double-digit growth in revenues, adjusted EBITDA, and adjusted EPS (vs. Q2 2025 implied baseline)
  • First-half 2026 performance led by end-market strength and customer-centric delivery model (vs. initial expectations)
  • Debt-to-EBITDA ratio improved to 1.7 at Q2 2026 end (vs. 1.95 at end of 2025)
  • Total liquidity: ~$2.8 billion
  • Added >15,500 employees year-to-date (~8,000 organic), reaching >85,000 total (vs. prior year)
Full-Year 2026 Guidance Update
  • Revenues: $39.3B–$39.7B (raised)
  • Adjusted EBITDA: $4.1B–$4.2B (raised)
  • Adjusted EPS: $16.45–$16.95 (raised)
  • Free cash flow: $2B–$2.5B (raised; expected ~55% conversion, potentially at high end of 55-60% range)

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Operator : Good morning, and welcome to the Quanta Services Second Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. If you have any objection, please disconnect at this time. I will now turn the call over to Kip Rupp, Vice President, Investor Relations, for introductory remarks. Kip Rupp : Thank you, and welcome, everyone, to the Quanta Services Second Quarter 2026 Earnings Conference Call. This morning, we issued a press release announcing our second quarter 2026 results, which can be found in the Investor Relations section of our website at quantaservices.com. This morning, we also posted our second quarter 2026 operational and financial commentary and our 2026 outlook expectation summary on Quanta's Investor Relations website. While management will make brief introductory remarks during this morning's call, the operational and financial commentary is intended to largely replace management's prepared remarks, allowing additional time for questions from the institutional investment community. Please remember that information reported on this call speaks only as of today, July 30, 2026, and therefore, you are advised that any time-sensitive information may no longer be accurate as of any replay of this call. This call will include forward-looking statements intended to qualify under the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements reflecting expectatio

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