Quanta Services, Inc. (PWR) earnings on July 30, 2026

PWR price around the earnings

657.98

Change: +17.3%

Start of the measured window End of the measured window

561.14 598.76 636.39 674.01 561.14

July 30, 2026

Price: green if it ends above the starting price; red if it ends below
Start of the measured window
End of the measured window
Market open
Starting price

Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Missed

Thesis published: 2026-07-30, 09:59 UTC
Results released: 2026-07-30, 10:56 UTC

Perfect earnings beat history and high analyst upside are overshadowed by severe negative trend strength and a downgrade.

Context analyzed before publication

Trend: Significant and consistent selloff into earnings, indicating strong pessimistic sentiment and potential after a strong recent drop conditions.

Analysts

Evidence

Analyst consensus: Buy
Consensus average (1-5): 1.63
Analysts covering the stock: 26
Average price target: 756.01
Lowest price target: 400
Highest price target: 940
Upside to price target: 34.7%
Quarterly earnings growth: 52.9%
Revenue growth: 26.3%
Forward EPS: 16.49
Trailing EPS: 7.3
Analyst moves in the last 60 days: 3

Strong buy: 0
Buy: 21
Hold: 8
Sell: 0
Strong sell: 1

Strong buy: 0
Buy: 21
Hold: 8
Sell: 0
Strong sell: 1

July 21, 2026 · JP Morgan: Downgrades rating (Overweight → Neutral)
July 10, 2026 · Jefferies: Maintains rating (Buy → Buy)
July 2, 2026 · Truist Securities: Maintains rating (Buy → Buy)

News and sentiment

Evidence

Sentiment

Sentiment: Constructive
Mention volume: Low
Normalized volume: 33%

News

Sources (6)

Netflix, Quanta Services And A Financial Stock Stock On CNBC’s ‘Final Trades’ (opens in a new tab) — Benzinga
CNBC Halftime Report Final Trades: Netflix, Toast, Quanta Services, Raymond James Financial (opens in a new tab) — Benzinga
JP Morgan Downgrades Quanta Services to Neutral, Announces $714 Price Target (opens in a new tab) — Benzinga
Jim Cramer Says Microchip Is Near A Bottom — 'I Don't See It Yet' — While Nebius Is 'Not Done Going Down' (opens in a new tab) — Benzinga
Here’s How Much You Would Have Made Owning Quanta Services Stock In The Last 10 Years (opens in a new tab) — Benzinga
Jefferies Maintains Buy on Quanta Services, Lowers Price Target to $784 (opens in a new tab) — Benzinga

Technicals

Evidence

Price when the context was analyzed: 560.92
Average true range (ATR): 5%
Distance to 52-week high: -28.5%
14-day change (14d): -13.6%
30-day change (30d): -21.6%
30-day relative strength: -20.1%
SPY change (30d): -1.5%
Nearest support: 560.31
Distance to nearest support: 0.1%
Nearest resistance: 573.99
Distance to nearest resistance: 2.3%
Volume accumulation ratio (14d / 46d): 0.83

Mid: 560.31 (0.1% away, 0.02 ATR, 18 touches)
Mid: 554.78 (1.1% away, 0.22 ATR, 11 touches)
Mid: 549.56 (2% away, 0.4 ATR, 15 touches)

Mid: 573.99 (2.3% away, 0.46 ATR, 22 touches)
Major: 580.82 (3.6% away, 0.71 ATR, 22 touches)
Mid: 591.54 (5.5% away, 1.09 ATR, 13 touches)

Trends

Evidence

Average earnings surprise: +10.0%

April 30, 2026: actual EPS 2.68 vs estimate 2.03 (surprise +31.8%)
February 19, 2026: actual EPS 3.16 vs estimate 3.02 (surprise +4.7%)
October 30, 2025: actual EPS 3.33 vs estimate 3.26 (surprise +2.2%)
July 31, 2025: actual EPS 2.48 vs estimate 2.45 (surprise +1.1%)

Expected move

Implied move: +3.2%
Source: Options chain

Reactions over its last 20 earnings

Median move: 3.9%
75th percentile move: 8.1%
90th percentile move: 10.3%
Up / down moves: 11 / 9
Average up move: +7.4%
Average down move: -2.3%

Monitoring and close

What Quanta Services, Inc. reported

Status: Finished

Actual EPS	4.24
EPS estimate	3.3
EPS surprise	+28.5%
Revenue	$9,556 million
Revenue estimate	$8,613 million
Revenue surprise	+10.9%

Quanta Services beat Q2 estimates and raised its 2026 outlook, driven by electric infrastructure and AI demand. Optimistic.

Sources (13)

PWR Q2 Earnings Beat on Electric Strength, 2026 View Raised, Stock Up (opens in a new tab) — Zacks
Quanta Services, Inc. (PWR) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
Quanta Services Soars After Strong Second-Quarter Results and Higher Full-Year Outlook (opens in a new tab) — InvestorsHub
Compared to Estimates, Quanta Services (PWR) Q2 Earnings: A Look at Key Metrics (opens in a new tab) — Zacks
Quanta (NYSE:PWR) Reports Upbeat Q2 CY2026, Stock Jumps 13.5% (opens in a new tab) — StockStory
Quanta Services (NYSE:PWR) Soars After Crushing Q2 Earnings Estimates (opens in a new tab) — ChartMill
Quanta Services (PWR) Q2 Earnings and Revenues Top Estimates (opens in a new tab) — Zacks
Quanta Services Surges On Blowout Earnings For AI Power Infrastructure Giant (opens in a new tab) — Investor's Business Daily
Quanta Services Raises FY2026 GAAP EPS Guidance from $9.17-$9.87 to $11.41-$11.92 vs $9.58 Est (opens in a new tab) — Benzinga
Quanta Services Raises FY2026 Adj EPS Guidance from $13.55-$14.25 to $16.45-$16.95 vs $14.01 Est; Raises FY2026 Sales Guidance from $34.700B-$35.200B to $39.300B-$39.700B vs $35.009B Est (opens in a new tab) — Benzinga
Quanta Services reported adjusted earnings of $4.24 per share, beating the $3.30 estimate, and revenue of $9.556B, above the $8.613B expected. — Benzinga
Quanta Services Q2 Adj. EPS $4.24 Beats $3.30 Estimate, Sales $9.556B Beat $8.613B Estimate (opens in a new tab) — Benzinga
QUANTA SERVICES REPORTS SECOND QUARTER 2026 RESULTS (opens in a new tab) — Yahoo

Pre-market second reading after the results

Verdict: Beat expectations

Heading into the open, results beat expectations on both earnings and revenue and the price is indicating +10.7% pre-market, a move 3x the stock's usual reaction (about 4%). The figures overturn the prior pessimistic scenario. Across our market history, in the 1,045 similar cases the close held that direction 96% of the time.

How the stock reacted

Outcome: Missed
Consolidated: +17.3%
Max favorable move (MFE): 0%
Max adverse move (MAE): 21%