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MasTec MTZ Q2 2026 earnings

Reported July 30, 2026 · After market close

Revenue$4.4BBeat by $69.0M
Adjusted EPS$2.22Miss by $0.01
Revenue estimate$4.3B
EPS estimate$2.23
“We once again reported a very strong quarter with excellent performance in revenue growth, margin expansion and backlog development. Strong year-over-year revenue growth of 23% was broad-based and solid execution drove margin expansion with our adjusted EBITDA margin improving 100 basis points. 18-month backlog was up $4.9 billion year-over-year, or 30%, and up $1.1 billion sequentially from the first quarter of this year to another record level.”
MasTec's CEO

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$4.9B
EPS estimate$2.96

Financials

Q2 2026

Income statement

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Revenue$4.4B+23.4%
Gross profit$556.3M+27.7%
Operating income$226.2M—
Net income$130.1M+51.7%
EPS (diluted)$1.65+51.4%

Balance sheet

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Total debt$2.7B-8.8%
Total equity$3.6B+22.2%
Total assets$10.9B+19.6%

Cash flow

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Operating cash flow$21.5M+280%
CapEx$91.5M+43.5%
Free cash flow-$49.7M+14.6%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$19.97B+40.6%
P/E40.4×-13.1×
P/S1.2×+0.2×

Profitability

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Gross margin12.9%+0.3pp
Net margin3.1%+1.0pp
FCF margin1.6%-3.2pp

Returns & leverage

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Return on equity15.1%+5.7pp
Debt / equity0.8×-0.3×
Current ratio1.4×+0.2×

Segments

By segment

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Clean Energy and Infrastructure$1.6B+43.4%
Power Delivery$1.2B+19.1%
Communications$888.9M+6.2%
Pipeline Infrastructure$642.8M+19.1%

FAQ

When did MasTec report Q2 2026 earnings?
MasTec (MTZ) reported Q2 2026 earnings on July 30, 2026 after market close.
What were MasTec's Q2 2026 revenue and EPS?
MasTec reported revenue of $4.4B and adjusted eps of $2.22 for Q2 2026.
Did MasTec beat estimates in Q2 2026?
Revenue beat the consensus estimate of $4.3B by $69.0M. EPS missed the consensus estimate of $2.23 by $0.01.
How did MasTec's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 23.4% from $3.5B a year earlier.
Where can I find MasTec's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000015615-26-000095) and the 10-Q periodic report (0000015615-26-000093) directly on SEC EDGAR. The filing index links above go to sec.gov.