Jose Mas on total addressable market
From MasTec Investor Day 2026 | Infrastructure Backlog Hits Record $14B On Clean Energy Transmission · · Investing 101
“We are entering the largest growth cycle in our company's history. It matters now more than ever. So this slide is today what we view in 2026 as our total addressable market. As you'll see, we think we operate in a market that's $685 billion in 2026.”
On , Jose Mas, Chief Executive Officer & Director at MASTEC INC, spoke about total addressable market during MasTec Investor Day 2026 | Infrastructure Backlog Hits Record $14B On Clean Energy Transmission on Investing 101.
About Jose Mas
Jose Mas, CEO of MasTec, spoke at the company’s 2026 Investor Day on May 12 and on the Q1 2026 earnings call on May 1. At the Investor Day, Mas described the current market as a “generational opportunity” and a “once-in-a-lifetime opportunity” for the company, citing three large infrastructure cycles: AI-driven power demand, broadband universalization, and energy transition. He stated that the company’s infrastructure backlog reached a record $14 billion and provided a first look at 2028 targets, projecting $22 billion in revenue, $2.2 billion in adjusted EBITDA, and $15 or better in earnings per share, with no M&A assumed in those figures. Mas also indicated that the company plans to be more active in M&A going forward, noting that capital would most likely be deployed through acquisitions. On the Q1 2026 earnings call, Mas reported that the quarter was the strongest first quarter in MasTec’s history, with revenue, adjusted EBITDA, and EPS all above guidance and achieving double-digit year-over-year growth. He announced an increase in full-year guidance to $17.5 billion in revenue, $1.5 billion in adjusted EBITDA, and $8.79 in earnings per share. Mas attributed the strong performance to project timing, customer collaboration, and mild weather in most operating areas. He further noted that AI is driving demand for fiber capacity and that connecting data centers represents a multi-year opportunity measured in tens of billions of dollars. On the outlook for 2027, Mas said he would feel “super comfortable” that the company could reach $3 billion in adjusted EBITDA or better, with an outside chance of hitting the historical level of $3.5 billion as early as 2027.