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MasTec Delivers Strong Q3 2026 Revenue and Backlog Growth, Updates Guidance

Oct 29, 2026, 4:40 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strong Q3 metrics and a substantial backlog suggest improved revenue visibility and potential margin upside, which historically supports multiple expansion if guidance is favorable; risk is the lack of precise guidance figures in the release.

AI summary

What happened, with direct paths to the underlying reporting

MasTec reported Q3 2026 revenue of $5.2 billion and Adjusted EBITDA of $486 million, each up about 30% year over year, with backlog improving to $24.5 billion, up roughly 46%. The company also updated its full-year 2026 guidance, indicating stronger demand and improved earnings visibility than prior expectations.

Q3 revenue $5.2B and Adjusted EBITDA $486M, up ~30% YoY.
Backlog $24.5B, up ~46% YoY, signaling stronger visibility.
Guidance updated for full-year 2026.
CEO says results ahead of expectations.

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