MasTec Delivers Record Q1 2026 Results, Lifts Outlook

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks An update from MasTec ( (MTZ) ) is now available. On April 30, 2026, MasTec reported record first-quarter 2026 results, with revenue up 34% year over year to $3.83 billion and GAAP net income rising 465% to $69.7 million, driven by strong project volumes across all segments, particularly a 91% increase in Pipeline Infrastructure and a 45% gain in Clean Energy and Infrastructure. The company also posted a record 18‑month backlog of $20.3 billion, raised its full-year 2026 earnings guidance on the back of improved margins and robust demand in renewables and infrastructure, and highlighted balance-sheet capacity to support its capital allocation plans, signaling stronger operating momentum and a reinforced competitive position in its core end-markets. Management emphasized that first-quarter profitability exceeded internal guidance, with adjusted EBITDA up 73% and adjusted diluted EPS up 174%, supported by efficiency gains in pipeline and power delivery operations and better project mix in clean energy. While free cash flow declined versus the prior year, improved operating cash generation and a growing backlog, including a 65% increase in clean energy and infrastructure backlog, suggest sustained work visibility and potential benefits for shareholders and other stakeholders tied to the company’s infrastructure growth trajectory. The most recent analyst rating on (MTZ) stock is a Buy with a $428.00 price target. To see the full list of analyst forecasts on MasTec stock, see the MTZ Stock Forecast page. Spark’s Take on MTZ Stock According to Spark, TipRanks’ AI Analyst, MTZ is a Outperform. MTZ scores well primarily on improved financial strength (notably the much cleaner balance sheet) and upbeat, specific 2026 guidance backed by backlog. Technicals also support the uptrend, though overbought signals add near-term risk. The biggest offset is valuation, with a high P/E and no dividend yield provided. To see Spark’s full report on MTZ stock, click here. More about MasTec MasTec, Inc. is a Florida-based infrastructure construction company that operates across communications, clean energy and infrastructure, power delivery and pipeline infrastructure markets. The company provides engineering, construction and maintenance services for energy, utility and communications networks, with growing exposure to renewables and large-scale infrastructure projects, as reflected in its expanding clean energy and pipeline segments. Average Trading Volume: 938,203 Technical Sentiment Signal: Buy Current Market Cap: $29.21B Learn more about MTZ stock on TipRanks’ Stock Analysis page.