MasTec Delivers Record Q2 Revenue of $4.4B, Lifts Full-Year Adjusted EPS Guidance to $9.30, and Completes Superior Group Acquisition

summarizeSummary

Record Q2 2026 results included revenue of $4.4 billion, while full-year adjusted EPS guidance was raised to $9.30, a 42% year-over-year increase. The company also closed its acquisition of The Superior Group and appointed a new director.

check_boxKey Events · Earnings and Guidance · MTZ

• Record Q2 Revenue and Earnings

  Revenue reached $4.4 billion, up 23% year-over-year, with GAAP diluted EPS of $1.65 and adjusted diluted EPS of $2.22 — both quarterly records.

• Raised Full-Year Guidance

  Full-year adjusted diluted EPS guidance increased to $9.30, a 42% year-over-year increase, on revenue of $18.2 billion and adjusted EBITDA of $1.6 billion.

• Record Backlog Growth

  The 18-month backlog hit a record $21.4 billion, up $4.9 billion year-over-year, led by 58% growth in Clean Energy and Infrastructure.

• Superior Group Acquisition Closed

  The $1.65 billion acquisition of The Superior Group, a premier electrical contractor with ~3,000 employees, closed last week, enhancing data center infrastructure capabilities.

auto_awesomeAnalysis · MTZ · Real Estate & Construction

A standout quarter saw revenue surge 23% to a record $4.4 billion, fueled by broad-based strength and a 58% jump in Clean Energy and Infrastructure backlog. Adjusted EBITDA margin expanded 100 basis points to 8.8%, and the full-year adjusted EPS outlook was raised by 42% to $9.30 — well above prior expectations. The $1.65 billion Superior Group acquisition, now closed, brings a premier electrical contractor with deep data center expertise, positioning MasTec to capture accelerating infrastructure demand. Rounding out a transformative period, a new director has been appointed to the board.