Quanta Services posts record revenue as Big Tech pours $735 billion into data centers

Everyone wants to talk about the chips. Quanta Services would like a word about the wires. The Houston-based infrastructure contractor (NYSE: PWR) reported record quarterly revenue of $9.56 billion for the second quarter of 2026, up 41.1% from the same period a year earlier. That growth comes as Big Tech’s data center spending is pegged at $735 billion, in a framing highlighted by The Motley Fool, and every one of those facilities needs a lot of electricity delivered reliably. The numbers behind the surge The quarterly figure was not a one-off spike. Trailing twelve-month revenue through June 2026 reached $32.91 billion, a 26.3% increase year over year. Full-year 2025 revenue came in at $28.48 billion, up 20.3% from 2024. Management raised its 2026 revenue guidance to a range of $39.3 billion to $39.7 billion. That forecast leans on a record backlog of $53.4 billion at the end of the second quarter. There is also a broader runway. Quanta’s research findings point to a 25% increase in transmission pipeline growth, bringing that figure to $170 billion. Why a contractor is suddenly a growth story Quanta’s core business is electric power transmission and distribution. It builds and mai...