Quanta Services Inc. (NYSE:PWR) is one of the best growth stocks to invest in for the next 2 years. On April 30, Quanta Services delivered an exceptional performance for Q1 2026, setting multiple records across its financial metrics. Consolidated revenues reached a record $7.87 billion, a significant increase from $6.23 billion in the prior-year period. Net income attributable to common stock rose to $220.6 million, resulting in record Q1 GAAP diluted EPS of $1.45. On an adjusted basis, diluted EPS reached $2.68, while adjusted EBITDA climbed to $686.4 million.
The company’s project pipeline and liquidity remain at historic levels, with a record total backlog of $48.5 billion and RPO of $26.2 billion. Quanta’s cash position was equally strong, generating $391.7 million in cash flow from operations and $184.4 million in free cash flow during the quarter. CEO Duke Austin highlighted that this success is driven by the company’s unique positioning at the intersection of utility, generation, and large-load markets, which represent a massive addressable market of $2.4 trillion through the end of the decade.
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For these reasons, Quanta Services Inc. (NYSE:PWR) increased its full-year 2026 financial expectations. The company now projects annual revenues to range between $34.7 billion and $35.2 billion, with adjusted diluted EPS forecasted between $13.55 and $14.25. Management expects to maintain this momentum despite potential economic headwinds such as inflation and interest rate fluctuations, remaining on track to deliver another consecutive year of double-digit earnings growth.
Quanta Services Inc. (NYSE:PWR) offers specialized infrastructure solutions to the broader utility, power generation, load center, communications, pipeline, and energy industries.
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