MasTec Reports Strong Q2 2026 Performance with Record Revenue, EBITDA Growth
MasTec Inc. (MTZ) reported record financial results for the second quarter of 2026, achieving a 23% year-over-year revenue increase and a 40% rise in adjusted EBITDA. The company's backlog reached $21.4 billion, up nearly $5 billion from last year and with an additional $1 billion added sequentially on an organic basis. This growth was driven by strong performance across most business segments, particularly Clean Energy and Infrastructure, which saw 43% revenue growth due to high demand in renewables and water projects. The company's strategic acquisition of Superior Group is positioned as a key move to capitalize on the infrastructure investment cycle fueled by AI, electrification, and digital transformation. Management raised full-year guidance for both revenue ($18.2 billion) and adjusted EBITDA ($1.6 billion), citing momentum from core operations and the new acquisition. Looking ahead, MasTec anticipates a significant earnings ramp in 2027 as backlog growth translates into future revenue. Despite strong overall performance, the Communications segment faced short-term challenges due to delays in wireless spectrum rollouts and wireline project deferrals. Management is adjusting its operational model for this segment during a temporary spending lull while maintaining long-term margin goals.
Tickers: $MTZ
Topics: acquisition backlog earnings EBITDA revenue growth