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MasTec Inc.’s $2.5 Billion Backlog Build — AI, Electrification & Digital Infrastructure Converge!

MasTec Inc. reported second quarter 2026 results marked by solid year-over-year growth in key financial metrics and an expanded backlog. Revenue increased 23% to $4.374 billion, adjusted EBITDA rose 40% to $384 million, and adjusted earnings per share grew 49% to $2.22. The company also ended the quarter with a record backlog of $21.4 billion, reflecting strong demand momentum. These results surpassed guidance, with EBITDA margins improving 100 basis points versus the prior year’s quarter. MasTec’s performance benefited from broad-based strength across its business segments, including Power Delivery, Pipeline Infrastructure, and Clean Energy and Infrastructure, partially offset by pressures in Communications. The Power Delivery segment saw revenue growth near 20% and a 220 basis point sequential margin improvement, driven by investments in grid modernization and transmission expansion. The Pipeline segment posted 19% revenue growth and nearly doubled EBITDA, supported by pipeline bottlenecks and commitments for future gas deliveries.