MTZ Q2 2026 — Preliminary Earnings Alert
Event: Quartr Q2 2026 event Retrieved: 2026-07-31T18:32:35Z
Consensus scorecard
- Revenue: $4.40B versus API Ninjas estimate of $4.30B - Beat by $95.5M (2.2%).
- GAAP EPS: $1.65 vs. consensus (API Ninjas estimate: $2.23; local difference: -$0.58).
- Adjusted EPS: $2.22 vs. consensus (API Ninjas estimate: $2.23; local difference: -$0.01). The release highlights both GAAP and adjusted EPS, so neither EPS line receives a formal beat/miss label.
Reported results and guidance
- Q2 revenue was $4.4 billion, up 23% year over year; adjusted EBITDA was $384 million and adjusted EPS $2.22.
- Backlog reached a record $21.4 billion; GAAP EPS was $1.65.
- Full-year guidance calls for $18.2 billion revenue, $1.6 billion adjusted EBITDA, and $9.30 adjusted EPS.
Key bullish aspects
- Revenue grew 23% year over year, adjusted EBITDA rose 40%, and the company said all major financial metrics exceeded guidance.
- Backlog reached a record $21.4B and full-year guidance calls for 27% revenue growth and 39% adjusted-EBITDA growth.
Key bearish aspects
- Both reported EPS bases are below the displayed API Ninjas estimate, though the dual EPS presentation makes a formal beat/miss label inappropriate.
- Communications faces wireless delays and wireline project deferrals, while the $1.6B Superior acquisition adds integration work.
Key uncertainties
- Investors need evidence that backlog converts on schedule and that post-acquisition leverage returns toward management's below-2x year-end target.