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MasTec, Inc. (MTZ) reported a 33% year-over-year revenue growth in its Communications segment for Q3 2025, reaching $915 million, aided by increased demand for telecom infrastructure. The company’s communications backlog rose to $5.1 billion, a 14.5% increase from the previous year, reflecting strong market visibility. Key expansions are driven by extensive broadband initiatives and rising capital investments in AI and data-center connectivity.
In parallel, Primoris Services Corporation (PRIM) achieved revenues of $2.2 billion for Q3 2025, marking a 32.1% year-over-year increase. Its Utility backlog approached $6.6 billion, bolstered by investments in grid enhancements and major broadband programs. Quanta Services, Inc. (PWR) is also benefiting from strong demand for telecom and data-center projects, maintaining a record backlog and securing large contracts.
Investors should note that MasTec’s stock has surged 14.3% over the past three months, outperforming key indices. The company’s estimated earnings per share are projected to increase significantly, with estimates of $6.35 for 2025 and $8.06 for 2026, implying year-over-year growth of 60.8% and 27%, respectively.
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