MasTec (MTZ) Q2 2026: Record Revenue and a 42% EPS Guidance Hike
As seen on the 24/7 Wall St. homepage on July 30, 2026.
MasTec barely missed earnings but crushed guidance, raising full-year adjusted EPS by 42% to $9.30 on the strength of a record $21.4 billion backlog and surging Clean Energy demand. Record $4.37 billion revenue and the Superior Group acquisition signal accelerating momentum in data center and renewable energy infrastructure.
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MasTec reported Q2 2026 revenue of $4.37 billion, beating analyst estimates of $4.31 billion and marking the company's highest quarterly revenue on record. Adjusted EPS came in at $2.22, just a fraction below the $2.23 consensus, but the bottom-line near-miss was quickly overshadowed by management's decision to raise full-year adjusted EPS guidance by 42% to $9.30 — a dramatic upward revision that signals deep confidence in the business trajectory.
The guidance raise is underpinned by a record $21.4 billion backlog and accelerating demand in the Clean Energy segment. The acquisition of Superior Group adds further capacity in data center and renewable energy infrastructure, two of the fastest-growing pockets of capital spending in the broader economy. Revenue has climbed steadily from $2.96 billion in Q2 2024 to $4.37 billion in Q2 2026, reflecting consistent execution across multiple infrastructure end markets.
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The market's initial reaction to the filing was sharp. MTZ shares were trading near $325 in the minutes before the results landed, then dropped as low as $264 shortly after the filing was published, before partly recovering toward $272. Investors will be watching whether the record backlog converts to earnings at the pace the raised guidance implies, and how quickly the Superior Group acquisition is integrated into MasTec's operations.
Mentioned: MTZ