MasTec Q1 revenue surges 34.5% to $3.83B; backlog up 28%; tariff risk disclosure removed

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~2 min read

Key Changes

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  Q1 2026 revenue jumped 34.5% to $3.8B with net income up 465% to $70M (1.8% margin), driven by 29% organic growth across Clean Energy, Pipeline, and Power Delivery segments. Backlog grew 28% to $20.3B.

  MD&A: Financial Results verify on EDGAR →
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  Company removed detailed tariff risk disclosure from prior quarter despite new Supreme Court invalidation of IEEPA tariffs and April 2026 Section 232 tariffs on aluminum, steel, and copper—materials critical to construction operations.

  Risk Factors vs. MD&A: Tariffs view on EDGAR →
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  July 2025 One Big Beautiful Bill Act accelerates phaseout of clean energy tax credits while boosting oil/gas incentives, potentially shifting long-term demand mix for renewable projects versus carbon capture and energy storage work.

  MD&A: Legislative Changes verify on EDGAR →