MasTec Reports First Quarter 2026 Results and Increases Full Year 2026 Financial Guidance

MasTec, Inc. announced its financial results for the first quarter ended March 31, 2026, reporting record revenue of $3.8 billion, a 34% year-over-year increase, and record GAAP Net Income of $69.7 million. Adjusted EBITDA also reached a first-quarter record of $283.6 million, a 73% increase year-over-year. The company reported diluted EPS of $0.77 and Adjusted Diluted EPS of $1.39, significantly exceeding guidance expectations. MasTec also announced an increase in its full-year 2026 financial guidance, projecting revenue growth of 22% and Adjusted EBITDA growth of 30% compared to 2025. The company highlighted a record 18-month backlog of $20.3 billion as of March 31, 2026, up 28% year-over-year, driven by strong growth in the Clean Energy and Infrastructure segment. All operating segments contributed to the double-digit revenue growth, with Pipeline Infrastructure and Clean Energy and Infrastructure showing particularly strong increases.