It’s earning season, with many publicly held electrical companies reporting their 2Q 2026 or most recent financial results. Generally speaking, many companies are seeing exceptionally strong results, particularly those electrical manufacturers, distributors or contractors involved with data centers. Here’s a sampling of commentary from several bullish electrical executives.
Wesco (WCC)
For the first six months of 2026, Wesco’s organic sales grew +12.5%, and John Engel, chairman, president, and CEO, said in the press release that the company is “significantly raising” its full-year 2026 outlook because of favorable secular growth trends and confidence in company execution.
“Sales, backlog, adjusted EBITDA, and adjusted earnings per share all increased versus the prior year and achieved records that exceeded our plan,” he said in the release. “Free cash flow generation was also positive and exceeded our expectations. We have now posted four consecutive quarters of double-digit sales growth fueled by data centers.
“Beyond our outsized growth in data centers, demand remained strong across the rest of our diversified portfolio and end markets as customers continue to invest in major infrastructure projects. Especially noteworthy, backlog was up approximately 60% to a new record level, reflecting the benefits of the ongoing secular growth trends and the continued effectiveness of our One Wesco cross-selling strategy.
“We achieved a major milestone this quarter with a significant multi-year Grid Services award in our UBS business from a hyperscale data center customer. This win represents an important step in diversifying our UBS customer base and expanding our comprehensive data center offerings to include power solutions in addition to our extensive white space and gray space product and service offerings.
“As recently announced, we also strengthened our end-to-end capabilities and cooling solutions for data center customers through the acquisition of Singapore-based Newark Engineering.”
nVent (NVT)
Beth Wozniak, nVent chair & CEO, was one of several senior electrical executives who pointed to data centers as a key growth driver.
“Our portfolio transformation continued to drive performance as we had another tremendous quarter, with record sales and earnings per share,” she said in the press release. “We saw significant data center growth and new products contributed more than 30 points to sales growth. We announced another manufacturing expansion for liquid cooling to meet continued data center demand. As a result of our strong second-quarter performance and momentum across our portfolio, we are significantly raising our full-year sales and EPS guidance.”
Quanta Services (PWR)
Over the past several years, few publicly held electrical companies have enjoyed a growth trajectory as steep as Quanta Services. The good times continue to roll, says Duke Austin, the company’s CEO.
“Quanta delivered an exceptional first half of the year, highlighted by second-quarter results that meaningfully exceeded expectations and reflect the compounding strength and momentum of our operating model,” he said in the press release. “Revenue, adjusted EBITDA and adjusted diluted earnings per share all achieved strong double-digit growth, cash flow was robust and total backlog reached a record level at quarter end.
“Given this outperformance, our improved visibility into the back half of the year and the expected contribution from recently completed acquisitions that strengthen our platform, we are significantly increasing our full-year 2026 financial expectations across all metrics.
CFO Jayshree Desai and Austin said in the release that the acquisition of four companies — Phalcon, Enerfab, Percheron and PSD — will contribute $1.2 billion to $1.4 billion of revenue and $120 million to $140 million of adjusted EBITDA during 2026. They said these companies will expand Quanta's self-perform capabilities across electrical, mechanical civil and fabrication work, while extending its involvement in the early stages of customer programs, including planning, constructability, routing and permitting-related services.
GE Vernova (GEV)
GE Vernova has been a Wall Street darling since its 2024 IPO because of its stratospheric growth as a provider of power solutions for data centers, the silicon chip industry and other commercial and industrial applications.
“We delivered strong financial results in the second quarter as global demand for our products and solutions continues to grow,” said GE Vernova CEO Scott Strazik. “With a backlog of $176 billion, continued revenue growth and margin expansion and significant free cash flow generation, GE Vernova’s momentum is building, and we are raising our 2026 financial guidance.
“We now expect to have at least 125 GW of gas equipment under contract by year-end 2026. To meet this demand, we remain on track to deliver 20 GW of annual gas turbine output in the third quarter of 2026, with 24 GW in 2028, and we are implementing actions to produce 30 GW in 2030. We are also seeing continued demand growth in Electrification, with data center orders reaching over $5 billion year-to-date, more than double our 2025 total.”
Hubbell (HUBB)
Gerben Bakker, Hubbell’s chairman, president and CEO, attributed the company’s double-digit growth in sales, adjusted operating profit and adjusted earnings per share to industry megatrends including grid modernization, load growth and data centers. Bakker said these megatrends drove 10% organic growth in the second quarter, with “visible demand strength across utility and electrical markets.”
“Operationally, we are managing inflation effectively through price and productivity actions while investing in capacity expansion to serve our customers in high growth areas and deploying capital to further upgrade our portfolio in high growth and margin areas within our core,” he said in the press release. “Strong first-half order trends provide visibility to our second half outlook, and we are increasing our full year outlook to reflect double-digit growth in organic sales, adjusted operating profit and adjusted earnings per share at the midpoint of our range.”