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

Quanta Services

30/04/2026 18:10

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.

 (Reporting by Parth Chandna; Editing by Vijay Kishore and Diti Pujara)

 ((Parth.Chandna@thomsonreuters.com;))