Quanta Services forecasts 2026 profit above estimates on strong AI data center-led demand

Reuters
02/19
Quanta Services forecasts 2026 profit above estimates on strong AI data center-led demand

Feb 19 (Reuters) - Quanta Services PWR.N on Thursday forecast 2026 profit above Wall Street estimates, as robust investments in AI-infrastructure boosts demand for the energy contractor's core electric segment.

Shares of the company rose 6% in premarket trading.

The Houston, Texas-based company expects full-year adjusted profit per share between $12.65 and $13.35, above analysts' estimate of $12.44 per share, according to data compiled by LSEG.

"The convergence of utility, power generation, and large-load industries continues to create significant opportunities," Quanta Services CEO Duke Austin said.

The company said, during the previous quarter's earnings call, it was well-positioned to leverage its capabilities in addressing growing electricity and infrastructure demand from data centers, manufacturing and reshoring, industrialization, electrification and power grid expansion.

The company — which provides infrastructure services for utility, renewable energy, technology, communications, pipeline and energy industries — benefits from robust investments in AI data centers from hyperscalers.

Quanta's adjusted profit for the quarter ended December 31 rose to $3.16 per share, from $2.94 per share a year ago. Analysts, on an average, expected a profit of $3.02 per share.

The company's fourth-quarter revenue rose to $7.84 billion, from $6.55 billion a year earlier. Analysts expected revenue of $7.37 billion.

(Reporting by Parth Chandna; Editing by Shailesh Kuber)

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

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10