Quanta Services Revenue Surges 41% on Data Center Infrastructure Demand

Key Facts

1Quanta Services delivered 41% YoY revenue growth in Q2 FY26, driven by electric power infrastructure.

2The company reached a record $53.4 billion backlog, providing strong revenue visibility and supporting continued growth.

Quanta Services delivered 41% year-over-year revenue growth in the second quarter of fiscal year 2026. Seeking Alpha reported that the growth was primarily driven by robust demand for electric power infrastructure, particularly to support AI-driven data centers.

The company's backlog reached a record $53.4 billion, providing strong revenue visibility and supporting long-term growth within a total addressable market estimated at $1.5 trillion through 2030. Regarding market performance, PWR closed at $660.53 on October 14, 2026.