NYSE$DY

Dycom Industries Inc. · Q1 2027 earnings

Q1 2027 earnings · · Before market open · Investor relations

Briefing

Dycom Industries reported record first quarter results exceeding the high end of outlook with strong revenue growth and raised full year fiscal 2027 guidance.

Dycom delivered record Q1 contract revenues of $1.965 billion, up 56.1% year-over-year, with net income of $91.3 million and adjusted EBITDA of $262.5 million. The company announced the acquisition of National Technology Integrators to expand data center capabilities and raised its full year fiscal 2027 outlook. Backlog reached a record $11.9 billion, reflecting robust demand in fiber and data center infrastructure.

  • Contract revenues reached a quarterly record $1.965 billion, growing 56.1% YoY (24.7% organically).
  • Adjusted EBITDA hit a record $262.5 million at 13.4% margin, up 74.6% YoY.
  • Total backlog grew 46.5% to a record $11.906 billion.
  • Full year fiscal 2027 revenue outlook raised to $7.38-$7.65 billion with continued margin expansion expected.

Headline financials

Total Revenue

$1.96B

Previous: $1.26B+56.1%
EPS (adj)

$4.42

Previous: $2.09+111.5%
Adjusted EBITDA

$262M

Previous: $150M+74.6%
Adjusted EBITDA Margin

13.4%

Previous: 11.9%+12.6%
Total Backlog

$11.9B

Previous: $8.13B+46.5%
Capital Expenditures

-$70.3M

Previous: -$79.5M+11.6%
Free Cash Flow

-$94.9M

Previous: -$133M+28.9%
Net Income

$91.3M

Previous: $61M+49.5%
Operating Income

-$1.77B

Previous: -$1.12B-58.1%
Gross Profit

-$1.58B

Previous: -$1.01B-56.1%
Cash & Equivalents

$539M

Previous: $16.1M+3242.8%
Total Assets

$6.18B

Previous: $3.1B+99.0%

Revenue & EPS history

Dycom · Revenue · Quarterly

$1.96B

Q1 2027+56.1%vs Q1 2026
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Dycom · $1.96B total across 2 segments · Q1 2027

  • Communications
    $1.57B
  • Building Systems
    $395M

Forward guidance

Fiscal 2027 revenue outlook raised to $7.38-$7.65 billion with Adjusted EBITDA margin expansion expected; Q2 revenue $1.94-$2.01 billion and adjusted EBITDA $284-$303 million.

Tailwinds

  • Raised full year revenue and margin outlook
  • Strong demand in fiber and data centers
  • Acquisition extends data center capabilities

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.8%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.3%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+19.5%

Q3 2015

Best reaction

-27.3%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026-5.5%-10.7%-13.7%
Q3 2026+9.5%+15.0%+16.3%
Q2 2026-4.8%-5.9%+0.0%
Q1 2026+15.6%+16.3%+20.9%
Q4 2025-5.8%-6.4%-10.5%
Q3 2025-9.6%-10.5%-14.3%
Q2 2025-9.5%-10.4%+0.8%
Q1 2025+14.8%+16.4%+8.1%
Q4 2024+3.2%+5.7%+17.1%
Q3 2024+17.9%+17.0%+31.4%
Q2 2024+0.9%+0.6%-6.5%
Q1 2024+0.1%+3.9%+4.2%
Q4 2023+17.5%+22.6%+11.2%
Q3 2023-16.5%-16.5%-17.3%
Q2 2023+3.2%+1.3%-12.4%
Q1 2023+15.2%+17.4%+19.0%
Q4 2022+6.7%+5.1%+14.5%
Q3 2022+18.5%+15.4%+9.3%
Q2 2022-4.3%-6.2%-2.8%
Q1 2022-11.9%-9.8%-7.9%
Q4 2021+5.0%+10.8%+19.7%
Q3 2021-18.7%-19.4%-5.5%
Q2 2021+10.3%+26.1%+13.0%
Q1 2021+16.3%+25.8%+26.4%
Q4 2020-25.0%-34.1%-41.1%
Q3 2020+4.4%+4.2%-4.2%
Q2 2020+6.1%+8.0%+23.0%
Q1 2020+19.4%+12.2%+25.8%
Q4 2018+2.2%+0.7%+2.2%
Q4 2019-27.3%-21.8%-25.9%
Q3 2019-10.4%-10.9%-26.5%
Q2 2019+8.0%+8.2%+9.1%
Q3 2018+1.5%-0.2%+6.2%
Q1 2019-20.8%-19.6%-15.1%
Q2 2018-4.4%-4.2%-5.7%
Q1 2018+12.2%+15.6%+22.9%
Q4 2017-1.7%-0.4%+4.6%
Q3 2017-22.2%-23.4%-15.3%
Q2 2017+19.0%+17.8%+13.1%
Q1 2017-19.3%-17.6%-11.0%
Q4 2016-6.8%-8.3%-10.8%
Q3 2016+15.0%+16.5%+25.5%
Q2 2016-5.4%
Q1 2016+6.2%
Q4 2015+12.8%
Q3 2015+19.5%
Q2 2015+14.9%
Q1 2015+15.6%
Q4 2014+0.0%
Q3 2014-10.2%
Q2 2014+3.9%
Q1 2014+5.2%
Q4 2013-7.7%
Q3 2013+8.9%
Q2 2013+3.0%
Q1 2013+14.9%
Q4 2010-9.8%
Q4 2012-16.4%
Q3 2011+0.0%
Q3 2012-5.7%
Q2 2011+2.4%
Q2 2012-4.8%
Q1 2011-5.4%
Q4 2011-5.4%
Q1 2012-1.4%

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