MasTec (MTZ) Reports Record Q1 2026 Revenue of $3.8B Driven by 34% Growth

MasTec Inc. (NYSE:MTZ) is one of the best growth stocks to invest in for the next 2 years. On April 30, MasTec reported record Q1 2026 revenue of $3.8 billion, a 34% increase compared to the same period last year. This growth was driven by double-digit gains across all operating segments, most notably a 91% surge in Pipeline Infrastructure and a 45% increase in Clean Energy & Infrastructure. The company achieved record Q1 GAAP net income of $69.7 million and adjusted EBITDA of $283.6 million, while diluted EPS rose significantly to $0.77.

The company’s 18-month backlog reached a record $20.3 billion as of March 31, marking a $4.4 billion increase year-over-year. This momentum was led by a 65% growth in the Clean Energy & Infrastructure segment, reflecting robust demand for renewables and infrastructure projects. Management attributed the strong performance to operational discipline and improved efficiencies in the Pipeline Infrastructure and Power Delivery segments, which helped offset costs associated with exiting certain markets in the communications sector.

Photo by ThisisEngineering RAEng on Unsplash

Following the strong start to the year, MasTec Inc. (NYSE:MTZ) raised its full-year 2026 financial guidance. The company now expects annual revenue to reach ~$17.5 billion, representing 22% growth over the previous year. Additionally, guidance for adjusted diluted EPS was increased to $8.79, and adjusted EBITDA is now projected to grow by 30% to $1.5 billion.

MasTec Inc. (NYSE:MTZ) is a US infrastructure construction company providing engineering, building, and maintenance services for energy, communications, and utility sectors across North America.

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