Quanta Services reported a robust second quarter of 2026, with revenues rising 41% year-over-year to $9.56 billion, primarily fueled by acquisitions and increased activity in its Electric and Underground Infrastructure segments. Operating income nearly doubled due to better fixed cost absorption from acquired businesses and favorable project mix. The company's backlog saw healthy growth, supported by solid awards and long-term master service agreements, underpinning future revenue visibility. Seasonality and weather remain material operational factors, while the company maintains a strong liquidity position with low net debt to support ongoing capital requirements.