Dycom Industries (DY)
NYSE:DY
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Earnings Data
Report Date
Aug 26, 2026Before Open (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
4.71Last Year’s EPS
3.33Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum with robust top-line growth, margin expansion, record backlog, upgraded guidance, strategic M&A, and improved working capital and liquidity. Management acknowledged some near-term risks including cost inflation (notably fuel), reliance on favorable seasonal timing for part of the quarter's outperformance, skilled labor constraints, and the multi-year nature of certain large opportunities. Non-operating tax benefits also contributed to adjusted results. On balance, the positive execution, sizable backlog, upgraded outlook, and strategic acquisition opportunities materially outweigh the highlighted risks.Company Guidance
Revenue Outperformance
Total revenues of $1.965 billion in Q1 FY27 exceeded the high end of expectations and increased 56% year over year (YoY), including organic growth of ~25%.
Strong Profitability and EPS Growth
Adjusted EBITDA of ~$262.5–263 million increased 75% YoY; adjusted EBITDA margin expanded to 13.4%, up 141 basis points YoY. Adjusted diluted EPS was $4.42, up 85% YoY.
Record Backlog and Book-to-Bill
Record total backlog of $11.9 billion, up 25% sequentially, representing a book-to-bill of 2.2x for the quarter, providing multi-year visibility.
Upgraded Full-Year Guidance
Raised fiscal 2027 revenue outlook to $7.38B–$7.65B (midpoint implies ~38% total revenue growth vs prior year, ~14% organic growth excluding extra week), and Q2 guidance of $1.94B–$2.01B in contract revenues with adjusted EBITDA $284M–$303M and adjusted diluted EPS $4.40–$4.82.
Communications Segment Momentum
Communications revenue of $1.57 billion grew ~24.7% organically YoY; segment adjusted EBITDA rose 28% to $192.4 million (12.3% margin). Faster-than-expected ramp in fiber-to-the-home (FTTH) drove strong growth (FTTH volumes cited as +33% sequentially in CEO remarks).
Building Systems Rapid Scale
Building Systems delivered $395.4 million in revenue and $70 million adjusted EBITDA (17.7% margin), representing ~20% of total revenue and outperforming internal projections with expectations to maintain high-teens margins for FY27.
Strategic Acquisition to Expand Capabilities
Announced definitive agreement to acquire National Technology Integrators (NTI) for $275 million (cash-free, debt-free); expected initial annual revenue run rate ~$175 million and historically mid-to-high-teens adjusted EBITDA margins. Transaction expected to be immediately accretive and close in Q2 (timing-dependent).
Balance Sheet and Capital Allocation
Ended the quarter with $538.8 million cash and total liquidity >$1.28 billion; repurchased ~100,000 shares for ~$36 million; pro forma net leverage ~2.3x adjusted EBITDA and expected to remain below 2.5x post-acquisition, preserving financial flexibility.
Working Capital Improvement
Contract assets/net DSOs improved to 96 days for the quarter, a 15-day improvement YoY and 5-day sequential improvement, reflecting enhanced cash flow focus.
Market Tailwinds and Multi-Year Opportunity
Management highlighted intensifying demand across FTTH, long-haul/middle-mile, and data center markets, with long-haul opportunity set growing and multi-year build programs expected to sustain demand through 2027–2028 and beyond; BEAD progress may provide upside (potential revenue in Q2 and stronger impact in calendar 2027).
DY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 27, 2026 | $420.47 | $529.13 | +25.84% |
Mar 04, 2026 | $403.49 | $387.07 | -4.07% |
Nov 19, 2025 | $296.20 | $325.29 | +9.82% |
Aug 20, 2025 | $269.57 | $257.26 | -4.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Dycom Industries (DY) report earnings?
Dycom Industries (DY) is schdueled to report earning on Aug 26, 2026, Before Open (Confirmed).
What is Dycom Industries (DY) earnings time?
Dycom Industries (DY) earnings time is at Aug 26, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DY EPS forecast?
DY EPS forecast for the fiscal quarter 2027 (Q2) is 4.71.
