Companies /Industrials

Mastec Inc

NYSE: MTZ Engineering & Construction
$251.13
â–² $2.40 (+0.96%) today
Markets closed · 11:25pm ET

Q1 2026 Earnings

Reported Apr 30, 2026, 4:34pm ET · SEC source
$1.39
Beat +40.59%
EPS · est. $0.99
$3.8B
Beat +10.21%
Revenue · est. $3.5B
−16.1%
Trailing market
MTZ vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−6%−3%0Apr 30May 1report 4:34pm ETearnings+0.1%−1.1%
−6%−3%0Apr 30May 1earnings+0.1%−1.1%
MTZ −1.1%S&P 500 +0.1%
−6%−3%0Apr 30May 1report 4:34pm ETearnings+0.9%−1.1%
−6%−3%0Apr 30May 1earnings+0.9%−1.1%
MTZ −1.1%NASDAQ +0.9%
−12%−6%0+6%Apr 29May 8report 4:34pm ETearnings+2.5%−0.3%
−12%−6%0+6%Apr 29May 8earnings+2.5%−0.3%
MTZ −0.3%S&P 500 +2.5%
−12%−6%0+6%Apr 29May 8report 4:34pm ETearnings+6.4%−0.3%
−12%−6%0+6%Apr 29May 8earnings+6.4%−0.3%
MTZ −0.3%NASDAQ +6.4%
+5.93%
Day of report
+1.91%
Next session
−0.75%
One week
−11.44%
30 days

S&P 500 over the same 30 days: +4.66%.

Did MTZ Beat Earnings? Q1 2026 Results

MasTec posted a blowout first quarter in 2026, with adjusted diluted EPS of $1.39 beating the $0.99 consensus estimate by 40.59%, marking the company's fourth consecutive quarter of exceeding Wall Street's earnings expectations. Revenue of $3.83 billion topped the $3.47 billion consensus by 10.21% and climbed 34.5% year-over-year, powered in large part by a 91% surge in Pipeline Infrastructure revenue to $682.50 million, where EBITDA margins expanded 870 basis points to 21.2% on sharply improved operational efficiencies. GAAP net income reached $69.70 million, compared to $12.30 million in the prior-year period, while adjusted EBITDA grew 73% to $283.60 million. The company's 18-month backlog hit a record $20.33 billion, up 28% year-over-year, underscoring the durability of demand across its infrastructure end-markets, even as some institutional investors trimmed their positions ahead of the print. On the strength of the quarter, MasTec raised its full-year 2026 outlook, now guiding for revenue of $17.50 billion and adjusted diluted EPS of $8.79, representing growth of 22% and 34%, respectively.

Key Takeaways
  • 34% year-over-year revenue growth with double-digit increases from all operating segments
  • Pipeline Infrastructure led revenue growth with 91% increase and 870 bps EBITDA margin expansion to 21.2%
  • Clean Energy and Infrastructure grew 45% with improved project mix and productivity
  • Power Delivery improved EBITDA margin 120 bps to 6.9% driven by improved efficiencies
  • Strong customer demand across all end-markets
  • Operational discipline enabling performance significantly above guidance
  • Record 18-month backlog of $20.3 billion, up 28% year-over-year

“We are pleased to report that first quarter financial performance posted strong double-digit year-over-year growth in both revenue and profitability, while also exceeding guidance in all respects as MasTec continues to execute on very strong customer demand across all of our end-markets.”

MasTec CEO, on the earnings call

Forward Guidance & Outlook

MasTec raised its full-year 2026 guidance, now expecting revenue of $17.5 billion (22% year-over-year growth), Adjusted EBITDA of $1.5 billion (30% growth) at an 8.6% margin, GAAP diluted EPS of $6.77 (33% increase), and Adjusted diluted EPS of $8.79 (34% increase). For Q2 2026, guidance calls for revenue of $4.3 billion, GAAP net income of $150 million, Adjusted EBITDA of $380 million at 8.8% margin, GAAP diluted EPS of $1.72, and Adjusted diluted EPS of $2.20. Management cited strong customer demand across all end-markets and operational discipline as drivers of improved expectations.

MTZ YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$2.0B$4.0B$2.8B$3.8BRevenue$36.1M$141.8MOperating Income$9.9M$69.7MNet Income
$0$2.0B$4.0BRevenueOperating IncomeNet Income

MTZ Revenue by Segment

Clean Energy and Infrastructure$1.3B+45.2%
Power Delivery$1.0B+16.3%
Communications$802.1M+17.8%
Pipeline Infrastructure$682.5M+91.5%

Figures from SEC filings and company reports. Not investment advice.