
PWR · NYSE
Quanta Services provides infrastructure construction, installation and maintenance services, with activity spanning electric power, data-center-related work and other infrastructure markets. It makes money primarily through contracted project work, supported by a record backlog and remaining performance obligations; acquisitions broaden its capabilities and end-market reach. Its customers are infrastructure owners and developers, including participants in power and technology-related markets. The supplied evidence does not provide segment revenue percentages or customer-specific concentration. Quanta generated $28.5 billion of fiscal 2025 revenue and $1.0 billion of net income, versus $23.7 billion and $0.9 billion, respectively, in fiscal 2024.
Quanta Services rose 17.79%, from $588.36 to $693.00 over the reported interval. The decisive catalyst was its second-quarter update and earnings call, where CEO Duke Austin said results meaningfully exceeded expectations, with double-digit revenue, adjusted EBITDA and adjusted-earnings growth. Investors also responded to record backlog, broad infrastructure demand, acquisitions and higher 2026 expectations highlighted by Zacks. The stock initially fell to $561.14 on July 29, then reversed sharply on July 30 as the earnings-related information emerged, gaining nearly $97 in one session and continuing higher through August 4. A supportive market backdrop also helped: technology stocks rallied strongly as Microsoft results eased concerns about AI spending and lifted major indexes.
Quanta Services (PWR) Wins An AI Grid Upgrade, Is It Still Below Fair Value?