earnings
confidence high
sentiment positive
materiality 0.85
MasTec Q1 2026 revenue $3.8B (+34% YoY), beats guidance; raises FY2026 EPS and EBITDA outlook
MASTEC INC
2026-Q1 EPS reported
$0.77
revenue$3,828,801,000
- Revenue $3.8B (+34% YoY), record Q1; GAAP diluted EPS $0.77 (+516%), adjusted diluted EPS $1.39 (+174%).
- Adjusted EBITDA $283.6M (+73%); margin up 170bps to 7.4%.
- 18-month backlog $20.3B, up 28% YoY and $1.4B sequentially; Clean Energy & Infrastructure backlog +65% YoY.
- FY2026 guidance raised: revenue $17.5B (+22% YoY), adjusted EBITDA $1.5B (+30% YoY), adjusted EPS $8.79 (+34%).
- All segments grew double-digits; Pipeline Infrastructure revenue +91% YoY, Clean Energy & Infrastructure +45% YoY.