Masdevallia guttulata is a species in the Masdevallia genus. This name is accepted name for the species in the family Orchidaceae subfamily Epidendroideae, tribe Epidendreae, subtribe Pleurothallidinae, . It is in the subgenus Polyantha section: Alaticaules subsection: Alaticaules . This species is found in E. Ecuador.