Jul. 31 at 2:31 AM
MasTec reported Q2 2026 results that largely met Wall Street expectations, with adjusted EPS of
$2.22 and revenue of
$4.37 billion, up 23% year over year and slightly ahead of estimates. Adjusted EBITDA reached
$384 million, while backlog grew 30% to a record
$21.4 billion, reflecting strong demand across the company’s infrastructure and construction businesses.
Management highlighted solid revenue growth, margin expansion, and continued backlog strength. The company also raised its full-year 2026 adjusted EPS guidance to
$9.30, representing 42% annual growth. However, investors viewed the guidance increase as modest relative to the stock’s strong run-up ahead of earnings.
Shares fell sharply in after-hours trading as the results failed to deliver a meaningful upside surprise. Investors also continued to assess the impact of MasTec’s recent
$1.65 billion acquisition of The Superior Group, which increased leverage and involved new share issuance.
$MTZ