Quanta Services Is Building The Backbone Of AI—Is Wall Street Catching On!

The artificial intelligence revolution is reshaping the U.S. energy landscape, and Quanta Services is emerging as one of its key beneficiaries. In Q2 2025, Quanta posted impressive results including double-digit revenue and earnings growth, a record $35.8 billion backlog, and raised its full-year guidance for revenue, adjusted EBITDA, and EPS. These gains were underpinned by rising electricity demand as data centers and AI infrastructure proliferate nationwide. To meet the surge, utilities are accelerating transmission grid investments and increasingly relying on turnkey infrastructure providers like Quanta. The company’s acquisition of Dynamic Systems—an MEP (mechanical, electrical, plumbing) solutions provider with deep exposure to the semiconductor and hyperscale markets—extends Quanta’s reach across high-growth AI-linked verticals. At the same time, its minority investment in Bell Lumber & Pole enhances control over utility supply chains. As Quanta integrates acquisitions and scales to meet demand, it must also navigate elevated valuations and potential market normalization.