Research Alert: Pwr Posts Massive Q1 Beat & Raise; Eps Surges 51%, Revenue Up 26%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Quanta Services delivered exceptional Q1 results with record revenue of $7.87B (+26.3% Y/Y, +12.7% vs. consensus) and adjusted EPS of $2.68 (+50.6% Y/Y, +31.8% vs. consensus), supported by strong demand across grid modernization and technology infrastructure. Electric Infrastructure Solutions led with $6.47B revenue (+30.8% Y/Y) while record total backlog reached $48.5B (+37.5% Y/Y). We believe PWR's diversification provides insulation against potential data center delays, as grid infrastructure projects should continue given increasing power demands across industrial end markets. Management substantially raised 2026 guidance with revenue increased to $34.7B-$35.2B (+4.3% vs. prior guidance midpoint) and adjusted EPS to $13.55-$14.25 (6.9%), implying 25%-27% revenue growth and 26%-33% EPS expansion. Strong profitability includes adjusted EBITDA of $686.4M (+36.2% Y/Y) and free cash flow of $184.4M (+56.6% Y/Y), reflecting robust earnings conversion amid the ongoing infrastructure modernization cycle.