Houston-based infrastructure contractor Quanta Services (NYSE: PWR) reported record quarterly revenue of $9.56 billion in Q2 2026, up 41.1% year over year. This growth comes as Big Tech data center spending reaches $735 billion, driving massive demand for electrical infrastructure. The company raised its 2026 revenue guidance to $39.3-$39.7 billion, supported by a record backlog of $53.4 billion. Bernstein upgraded Quanta to Outperform on September 24, 2026, with a price target of $775, while the stock recently traded between $640 and $660.
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