Filing Flows › Quanta Services (PWR) › Q3 2026
Quanta Services (PWR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Quanta Services (PWR) reported revenue of $12.0B for the third quarter 2026 (Q3 2026), +57% from a year earlier and +26% from the quarter before. Operating margin was 8.5%, net earnings $695M (5.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.0B | +26% | +57% |
| Gross profit | $2.0B | +30% | +65% |
| Operating profit | $1.0B | +48% | +98% |
| Net earnings | $695M | +54% | +105% |
| Operating cash flow | $1.5B | +33% | +158% |
| Free cash flow | $1.2B | — | +174% |
What changed
Revenue was $12.0B in Q3 2026, up 57% year over year and up 26% from the previous quarter. Electric was the largest line at 82% of revenue. Electric added $3.6B year over year (up 59%), 83% of the total change.
Gross margin was 16.7%, up 0.8 points from Q3 2025. Operating profit was $1.0B, a 8.5% margin (up 1.8 points year over year). Of the extra revenue versus Q3 2025, 12% reached operating profit, above the 7% margin then. Operating expenses grew 40% against revenue growth of 57%. The fastest-growing cost line was Other operating costs (+57%). Net earnings were $0.69B, up 105% year over year. The effective tax rate was 25.2%.
Operating cash flow was $1.5B (up 158% year over year), 206% of net earnings. Non-cash charges added back $0.31B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $0.37B. After capital expenditures, net ($0.25B), free cash flow as the company reports it was $1.2B.
Questions
What was Quanta Services' revenue in the third quarter 2026?
Quanta Services (PWR) reported revenue of $12.0B for the third quarter 2026 (Q3 2026), +57% from a year earlier and +26% from the quarter before.
Was Quanta Services profitable in the third quarter 2026?
Operating profit was $1.0B (8.5% of revenue) and net earnings $695M.
Source: Quanta Services 10-Q on SEC EDGAR.