PWR · 8-K · 20261029PR436949

Order Backlog and Book-to-Bill

QUANTA SERVICES, INC. · 2026-10-29 · Importance 81 · Surprise 64 · In source text

At September 30, 2026, Quanta reported total backlog of $63.7 billion, up 63% from $39.2 billion a year earlier, and remaining performance obligations (RPO) of $41.8 billion, nearly double the $21.0 billion reported a year earlier. Electric segment backlog was $51.9 billion, up 59% year over year, while Underground and Infrastructure backlog was $11.8 billion, up 81%. The company estimates that $38.4 billion of total backlog will be realized within 12 months; backlog includes RPO as well as estimated orders under master service agreements and certain non-fixed-price contracts.

Key facts

• Quanta’s remaining performance obligations were $41.753 billion at September 30, 2026, compared with $23.763 billion at December 31, 2025 and $20.973 billion at September 30, 2025. source
• Quanta’s total backlog was $63.732 billion at September 30, 2026, compared with $43.976 billion at December 31, 2025 and $39.174 billion at September 30, 2025. source
• Quanta estimated that $27.963 billion of remaining performance obligations would be realized within 12 months of September 30, 2026. source
• Quanta reported record total backlog of $63.7 billion in third-quarter 2026. source
• At September 30, 2026, Electric segment backlog was $51.885 billion, including $37.358 billion of remaining performance obligations. source
• At September 30, 2026, Underground and Infrastructure segment backlog was $11.847 billion, including $4.395 billion of remaining performance obligations. source

Impact estimates