Filing Flows › Quanta Services (PWR) › Q2 2026
Quanta Services (PWR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Quanta Services (PWR) reported revenue of $9.6B for the second quarter 2026 (Q2 2026), +41% from a year earlier and +21% from the quarter before. Operating margin was 7.3%, net earnings $451M (4.7% of revenue).
Quanta Services, Q2 2026: revenue $9.6B (+41% year over year), operating margin 7.3%, net earnings $451M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.6B | +21% | +41% |
| Gross profit | $1.5B | +40% | +53% |
| Operating profit | $695M | +105% | +88% |
| Net earnings | $451M | +105% | +97% |
| Operating cash flow | $1.1B | +180% | +270% |
| Free cash flow | $886M | — | +420% |
What changed
Revenue was $9.6B in Q2 2026, up 41% year over year and up 21% from the previous quarter. Electric was the largest line at 82% of revenue. Electric added $2.4B year over year (up 44%), 85% of the total change.
Gross margin was 16.2%, up 1.3 points from Q2 2025. Operating profit was $0.69B, a 7.3% margin (up 1.8 points year over year). Of the extra revenue versus Q2 2025, 12% reached operating profit, above the 5% margin then. Operating expenses grew 33% against revenue growth of 41%. The fastest-growing cost line was Other operating costs (+39%). Net earnings were $0.45B, up 97% year over year. The effective tax rate was 25.5%.
Operating cash flow was $1.1B (up 270% year over year), 238% of net earnings. Non-cash charges added back $0.27B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.30B. After capital expenditures, net ($0.21B), free cash flow as the company reports it was $0.89B.
Questions
What was Quanta Services' revenue in the second quarter 2026?
Quanta Services (PWR) reported revenue of $9.6B for the second quarter 2026 (Q2 2026), +41% from a year earlier and +21% from the quarter before.
Was Quanta Services profitable in the second quarter 2026?
Operating profit was $695M (7.3% of revenue) and net earnings $451M.
Source: Quanta Services 10-Q on SEC EDGAR.