Key Takeaways MTZ backlog hit $16.5B in Q2 2025, up 23% YoY, with strength across telecom, energy, and infrastructure.Communications led with $5B in backlog, boosted by fiber and wireless investment from major U.S. carriers.Raised 2025 guidance includes nearly $14B revenue and 60% EPS growth, backed by high-margin segments.MasTec, Inc. (MTZ) has long been positioned at the crossroads of America’s most critical infrastructure build-outs—from power delivery to renewable energy, pipelines, and telecom. Its bus ...