MasTec stock falls 1.88 percent as earnings miss estimates

MasTec stock fell 1.88 percent to USD 217.52 on the NYSE on September 23, 2026, placing the share 50.72 percent below its 52-week high of USD 441.43. The latest quarterly figures show a company with strong revenue growth but a narrow earnings miss.

Revenue rises to USD 4.37 billion

MasTec reported quarterly revenue of USD 4.37 billion, up 23.4 percent year over year. According to MarketBeat, the result came with adjusted EPS of USD 2.22, one cent below the USD 2.23 consensus estimate.

The comparison is important because revenue growth outpaced adjusted earnings in the quarter. That gap points to margins and project execution as the more immediate test for the infrastructure contractor, which serves communications, energy and utility customers.

Guidance stays at USD 9.30

MasTec maintained fiscal 2026 adjusted EPS guidance of USD 9.30, while third-quarter guidance was set at USD 2.98, according to MarketBeat. The unchanged outlook gives investors a concrete benchmark for judging whether the revenue expansion converts into higher profitability.

MasTec operates across communications, clean energy and infrastructure, oil and gas, and power delivery. Its investor relations page describes engineering, construction, installation, maintenance and upgrades across North American infrastructure markets.

Stock sits below its yearly high

MasTec stock stood at USD 217.52 at the September 23, 2026 close, down USD 4.17 from the prior close of USD 221.69. The 52-week range was USD 182.34 to USD 441.43, while market capitalization stood at USD 17.467 billion on the same date.

The market value places the stock much closer to its yearly low than its yearly high. For investors, the next earnings update will show whether the 23.4 percent revenue increase and USD 9.30 full-year adjusted EPS outlook are translating into consistent earnings delivery.