Quanta Services raises 2026 outlook on AI infrastructure demand

7 articles · Updated · Barron's · Apr 30

The company now sees profit of $13.55-$14.25 a share and revenue of $34.7-$35.2bn, while its stock rose 13% to $707.20 and headed for a record close.
First-quarter earnings reached $2.68 a share on $7.87bn in revenue, beating forecasts, and backlog hit a record $48.5bn as utilities and technology customers accelerated power and data-centre projects.
Chief executive Duke Austin said Quanta will invest $500m-$700m to double transformer manufacturing capacity and nearly double off-site fabrication and logistics facilities to meet fast-growing AI-related electricity demand.

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