MasTec: Growth Momentum Looks Set To Continue Through 2026
MasTec, Inc. reported impressive Q1 FY26 results, with significant revenue growth and earnings per share exceeding expectations. The company is benefiting from sustained demand and a record backlog, which are expected to drive continued growth throughout the fiscal year. Despite a potentially stretched valuation, strong market trends support a positive outlook for MasTec's performance.
- ▪MasTec's revenue increased by 35.4% to $3.83 billion in Q1 FY26.
- ▪The adjusted earnings per share for the quarter was $1.39, surpassing consensus estimates.
- ▪The company has a record backlog that supports double-digit growth in FY26.
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