Quanta raises 2026 profit forecast on robust power demand from AI data centers

Quanta Services, Inc.

Quanta Services, Inc.

PWR

0.00

April 30 (Reuters) - Energy contractor Quanta Services PWR.N on Thursday forecast 2026 profit above Wall Street estimates after reporting better-than-expected quarterly profit as strong demand from large load industries such as AI data centers boosted earnings, sending its shares up 14.5%.

  • The Houston, Texas-based company now sees 2026 adjusted profit between $13.55 and $14.25 per share, which is above analysts' average estimate of $13.09 per share, according to data compiled by LSEG.

  • The company — which provides infrastructure services for utility, renewable energy, power generation, communications, pipeline and energy industries — benefited from robust investments in artificial intelligence data centers from hyperscalers.

  • Quanta's adjusted profit rose to $2.68 per share in the quarter ended March 31, up from $1.78 per share a year ago.

  • Analysts, on average, expected a profit of $2.06 per share.

  • Quanta's first-quarter revenue rose to $7.87 billion, from $6.23 billion a year earlier.


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