Quanta Services Stock Surges After Earnings Beat: The $48.5 Billion Backlog Driving the Move
Quanta Services reported first-quarter revenue of $7.87 billion, beating estimates and raising its 2026 outlook. Net income rose to $220.6 million, with adjusted EPS at $2.68. Backlog hit a record $48.5 billion, driven by electric infrastructure demand. Shares jumped $71.30 to $699.90 in Thursday trading.