Corrected: MasTec Q2 revenue beats estimates, raises FY adjusted EPS outlook

MasTec

30/07/2026 21:34

Corrects to remove references to backlog and acquisition from Result Drivers

Overview
US infrastructure builder's Q2 revenue rose 23% yr/yr, beating analyst expectations
Adjusted diluted EPS for Q2 rose 49% yr/yr to a second-quarter record
Company closed acquisition of The Superior Group, expanding electrical contracting capabilities

Outlook
MasTec sees full-year 2026 revenue at $18.2 bln
Company raises full-year 2026 adj diluted EPS guidance to $9.30
MasTec expects third-quarter adj diluted EPS of $2.98

Result Drivers
BROAD-BASED GROWTH - Co said strong revenue growth was broad-based across segments, with Clean Energy and Infrastructure leading gains
CLEAN ENERGY AND INFRASTRUCTURE - Segment revenue rose 43% yr/yr, per co

Company press release: ID:nBw341Rn1a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$4.37 bln
$4.30 bln (18 Analysts)
Q2 EPS
 
$1.65
 
Q2 Net Income
 
$146 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for MasTec Inc is $500.00, about 74% above its July 29 closing price of $287.42
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 36 three months ago

Reuters Recommended Reads
July 30 - Quanta Services Q2 revenue jumps 41%, beats estimates
July 30 - EMCOR Q2 revenue beats estimates, raises 2026 outlook
July 29 - MYR Group Q2 revenue beats estimates on C&I segment growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)