MasTec's second quarter revenue grew 23% to a record $4.4B as 18-month backlog surged to $21.4B.

MasTec reported record second quarter 2026 results, with revenue of $4.37 billion, up 23% year-over-year, and GAAP diluted EPS of $1.65, up 51% from the prior year. The company's adjusted diluted EPS of $2.22 also increased 49% year-over-year, beating analyst expectations.

Key Highlights

• The company's 18-month backlog reached a new record of $21.4 billion, a 30% increase year-over-year and up $1.1 billion sequentially from the first quarter.
• Revenue from the Clean Energy and Infrastructure segment grew 43% year-over-year to $1.62 billion, with its associated EBITDA margin expanding by 50 basis points to 7.9%.
• MasTec increased its full-year 2026 guidance, now expecting adjusted diluted EPS of $9.30 on revenue of $18.2 billion, up from prior forecasts.