MasTec is expected to report Q3 2026 revenue of $4.94 billion and adjusted EPS of $2.95, with its current share price of $172.59 trading significantly below the average analyst target of $365.10.
Investors are primarily focused on the performance of the Communications segment following a recent revenue outlook cut due to wireless spending deferrals.
While the Communications unit faces a projected 12.5% year-over-year revenue decline, strength in the Power Delivery and Clean Energy segments—driven by AI and data center infrastructure demand—is expected to provide a substantial offset.
Management’s ability to convert its record $21 billion backlog into operating cash flow remains a critical area of scrutiny after negative free cash flow in the first half of the year.