MasTec 3Q 2026: Revenue $5.15B, Net income $150.57M, EPS $1.89— 10-Q Summary
MasTec reported Q3 2026 revenue of $5.15B, up 29.9% YoY, but net income fell 6.3% to $150.57M and EPS declined 7.4% to $1.89. Growth was driven by acquisitions and infrastructure projects, while communications revenue dropped 12%. The backlog reached $24.5B, with 23% expected to convert in 2026.
How this was made
The 30-second read
Why it matters
Traders can reassess near-term earnings quality versus growth, focusing on why EPS/net income fell while revenue rose, and whether backlog growth supports future margin recovery.
Market read
A company-specific quarterly filing with concrete financials and backlog metrics, useful for updating earnings expectations and execution/margin narratives.
What to watch
Backlog conversion timing (23% expected to convert to revenue in 2026) and communications margin pressure could dominate near-term sentiment if not offset by power delivery and clean energy profitability.
Background
The piece is a summary of MasTec’s filed 10-Q for 3Q 2026, including revenue, net income, EPS, segment performance, and backlog.
Ticker impact
MasTec’s 3Q 2026 10-Q reports revenue of $5.15B (+29.9% YoY) and diluted EPS of $1.89 (-7.4% YoY), plus a $24.5B backlog.
Likely modest downside or choppy trading as investors weigh EPS/net income declines against revenue and backlog strength.
The article provides hard quarterly financials and segment/backlog commentary, but no guidance or explicit margin drivers beyond communications weakness and segment margin pressure.
Market effects
Signals demand resilience in power delivery and clean energy/infrastructure, while communications segment softness may reflect timing risk in wireless projects.
No specific regional impact stated beyond project types.
Limited direct global read-through; primarily US infrastructure and communications execution.
Counterpoint
The EPS decline may be temporary execution or mix-related, while the 18-month backlog jump to $24.5B and 65% power delivery growth could support future earnings power.
Key entities
- companyMasTec, Inc.
Reported 3Q 2026 revenue $5.15B, diluted EPS $1.89, and backlog $24.5B in its 10-Q summary.
- acquisitionSuperior acquisition
Added about 3,000 employees and expanded large-load electrical infrastructure capabilities, contributing to power delivery growth.
