Does MasTec's 42% EPS Outlook Highlight Its 2026 Growth Story?

MasTec (MTZ) delivered robust Q2 2026 results with 23.4% revenue growth and 48.8% EPS surge to $2.22, supported by a record $21.4 billion backlog up 30% year-over-year. The company raised full-year EPS guidance to $9.30 (42% growth) and completed the Superior Group acquisition, adding 3,000 employees and strengthening data-center capabilities. However, the stock has declined 35.2% over six months and trades at a premium valuation with a forward P/E of 18.28.