MasTec posts strong Q1 FY26 with 35.4% revenue growth and EPS beat, backed by solid demand and backlog.

MasTec reported a strong Q1 FY26 performance, with revenue rising 35.4% to $3.83 billion and adjusted earnings per share of $1.39, surpassing analyst expectations. The growth was driven by sustained demand across multiple segments and a record backlog, supporting the company's outlook for continued double-digit revenue growth throughout FY26. MasTec is also focusing on margin optimization to enhance earnings in upcoming quarters. Despite a slightly high valuation, the company's strategic diversification and positive industry trends justify maintaining a buy rating.