Filing Flows › Quanta Services (PWR) › Q3 2026 › vs Q2 2026
Quanta Services (PWR) Q3 2026 vs Q2 2026 (quarter over quarter)
Quanta Services's revenue rose $2.5B (+26%) from $9.6B in Q2 2026 to $12.0B in Q3 2026. The biggest changes: Electric +$2.0B (+25%); Underground and Infrastructure +$496M (+29%). Gross margin 16.7% against 16.2% (+0.5 pts).
Quanta Services, Q3 2026: revenue $12.0B (+57% year over year), operating margin 8.5%, net earnings $695M, operating cash flow $1.5B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 16.7% | 16.2% | +0.5 pts |
| Operating margin | 8.5% | 7.3% | +1.3 pts |
| Net margin | 5.8% | 4.7% | +1.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Electric | $9.8B | $7.8B | $2.0B | +25% |
| Underground and Infrastructure | $2.2B | $1.7B | $496M | +29% |
| Revenue | $12.0B | $9.6B | $2.5B | +26% |
| Gross profit | $2.0B | $1.5B | $463M | +30% |
| Cost of revenue | $10.0B | $8.0B | $2.0B | +25% |
| Operating profit | $1.0B | $695M | $332M | +48% |
| Operating expenses | $982M | $850M | $131M | +15% |
| Pre-tax earnings | $945M | $617M | $327M | +53% |
| Other expense, net | $82.0M | $77.7M | $4.3M | +6% |
| SG&A | $783M | $698M | $84.8M | +12% |
| Other operating costs | $198M | $152M | $46.6M | +31% |
| Net earnings | $695M | $451M | $243M | +54% |
| Minority interests | $12.1M | $8.2M | $3.9M | +47% |
| Income tax | $238M | $158M | $80.1M | +51% |
| Depreciation & amortization | $309M | $274M | $34.9M | +13% |
| Share-based compensation | $67.9M | $63.4M | $4.5M | +7% |
| Working capital & other | $382M | $307M | $75.3M | +25% |
| Operating cash flow | $1.5B | $1.1B | $358M | +33% |
Questions
How much did Quanta Services's revenue grow quarter over quarter in Q3 2026?
Quanta Services's revenue rose $2.5B (+26%) from $9.6B in Q2 2026 to $12.0B in Q3 2026.
What drove Quanta Services's revenue change in Q3 2026?
Electric +$2.0B (+25%); Underground and Infrastructure +$496M (+29%).