MasTec Reports Third Quarter 2026 Results and Updates Full Year 2026 Financial Guidance
MasTec posted record Q3 2026 revenue of $5.2 billion, up 30% year-over-year, with record Adjusted EBITDA of $486.4 million and Adjusted diluted EPS of $2.96 (+19.3% YoY). GAAP diluted EPS of $1.89 fell 7.7% on higher amortization from recent acquisitions. The 18-month backlog hit a record $24.5 billion, up 46% YoY and $3.2 billion sequentially, led by 74% YoY Power Delivery growth and a ~26% sequential Pipeline backlog increase; Power Delivery revenue grew 65% including the Superior Group acquisition completed in July.
Key figures
- Eps
- 1.89
- Revenue
- 5152336000
- Guidance
- FY2026 GAAP diluted EPS $5.69-$6.01 (+15% YoY at midpoint); Adjusted diluted EPS $8.92-$9.30 (+39% YoY at midpoint); revenue $18,300M; Adjusted EBITDA $1,565-$1,600M (~1% change vs prior guidance at midpoint)
- Revenue Yoy
- 29.9%
- Fcf
- 206000000
- Backlog 18m
- 24546000000
- Backlog yoy
- 46.3%
- Adjusted eps
- 2.96
- Adjusted ebitda
- 486400000
- Gaap net income
- 167700000
- Operating income
- 275448000
- Backlog seq increase
- $3.2 billion
- Communications revenue change
- -11.8%
- Pipeline ebitda margin change
- -500 bps
- Power delivery revenue growth
- 65.2%
- Fy26 operating cash flow expectation
- over $1 billion
AI analysis
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