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13:00
Jul 30 ◎

PWR FY2026 Q2 Watch

Quanta Services, Inc. (PWR) FY2026 Q2 Earnings Call

ETR DUK PWR ▾

Duke Austin

Large-scale transmission and generation projects are 'just starting' and the compounding effect on backlog is yet to be seen. — This signals that the current robust backlog is only the tip of the iceberg; the next phase of large project awards will drive even stronger growth and revenue visibility for Quanta.

"Even the iteration work, most of it is, say, 9.5% or 9.5%. Those big projects, $765,000, $335,000, all that big work is just starting."

ETR WATCH DUK WATCH

Duke Austin

Management is clearly optimistic, raising full-year guidance across all metrics due to strong H1 performance, improved visibility, and recent M&A contributions, indicating a 'long' stance on the company's own trajectory.

"As a result of our strong first half, improved visibility in the remainder of the year, and expected contributions from the ICOs announced this morning, we are significantly increasing our core year 2016 financial expectations across all"

PWR WATCH

HIGH

13:00
Apr 30 ◎

PWR FY2026 Q1 Watch

Quanta Services, Inc. (PWR) FY2026 Q1 Earnings Call

AEP BE ▾

Duke Austin

Management indicates a strategic shift towards more negotiated sole-source contracts as utilities plan multi-year capital programs, moving away from competitive bidding. — A shift to negotiated work signals a more durable and profitable revenue stream for Quanta, even if it doesn't directly impact other companies.

"As they announced 765, we're right in the middle of it with them, both on equipment as well."

AEP WATCH

Duke Austin

Bloom Energy's fuel cells are being used in bridge power projects that Quanta is involved in as part of the grid buildout process.

"There is bridge power solutions. They're out there. You know, there's Bloom and others that we're involved with on jobs."

BE WATCH

HIGH

14:00
Feb 19 ◎

PWR FY2025 Q4 Watch

Quanta Services, Inc. (PWR) FY2025 Q4 Earnings Call

NVDA PWR ▾

Duke Austin

NVIDIA's adoption of 800-volt DC architectures is influencing data center design, but Quanta sees no change to its TAM, as both old and new architectures will coexist.

"you can see anyone using NVIDIA going to those type architectures."

NVDA WATCH

Duke Austin

Management's guidance is explicitly bullish, driven by record backlog ($44B), accelerating demand across utilities and technology, and capacity investments. They expect double-digit EPS growth and over 20% adjusted EPS growth in 2026.

"We are confident in Quanta's ability to deliver innovative, craft-based, and supply chain solutions that are designed to meet our customers' need for certainty and for their success. As we said last quarter, we believe we were"

PWR WATCH

HIGH

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