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Quanta Services Surges On Blowout Earnings For AI Power Infrastructure Giant
Investor's Business Daily61d agobullish
Quanta Services Surges On Blowout Earnings For AI Power Infrastructure Giant

Quanta Services, the nation's largest electrical infrastructure construction company, blew away second-quarter earnings forecasts and massively raised its full-year outlook amid the artificial intelligence buildout boom. Quanta said its improved visibility, record backlog and four recently completed acquisitions played into the big increase in its 2026 outlook. "We believe these results and our long-term track record are a clear differentiator of Quanta's ability to compound profitable growth as our customers accelerate investment in the electric grid, power generation and mission-critical infrastructure that underpin the economy," CEO Duke Austin said in the earnings statement.

Allegro MicroSystems (NASDAQ:ALGM) Beats Expectations in Strong Q2
StockStory61d agobullish
Allegro MicroSystems (NASDAQ:ALGM) Beats Expectations in Strong Q2

Chip designer Allegro MicroSystems (NASDAQ:ALGM) announced better-than-expected revenue in Q2 CY2026, with sales up 27.5% year on year to $259.2 million. Guidance for next quarter’s revenue was optimistic at $270 million at the midpoint, 2.1% above analysts’ estimates. Its non-GAAP profit of $0.23 per share was 8.8% above analysts’ consensus estimates.

Capital Market Earnings Crash Out
Motley Fool61d agobearish
Capital Market Earnings Crash Out

Shares of capital market company MSCI and credit rating agency Equifax both posted double-digit declines in response to lackluster earnings.