NYSE$DY

Dycom Industries Inc. · Q2 2027 earnings

Q2 2027 earnings · · Before market open · Investor relations

Briefing

Dycom Industries Inc. reported record fiscal 2027 second quarter results with strong revenue growth and raised full-year outlook.

Dycom delivered record contract revenues of $2.006 billion, up 45.6% year-over-year, driven by organic growth in communications and the acquisition of National Technology Integrators. Net income reached $115.6 million with adjusted EBITDA at $315.5 million, reflecting robust demand in fiber infrastructure and building systems. The company raised its fiscal 2027 outlook and grew backlog to a record $12.242 billion.

  • Contract revenues hit a quarterly record of $2.006 billion, with 16.7% organic growth.
  • Adjusted EBITDA reached $315.5 million (15.7% margin), up 53.5% from prior year.
  • Backlog grew 53.2% to a record $12.242 billion, supported by new awards.
  • Completed acquisition of National Technology Integrators, contributing $22.9 million in revenue.

Headline financials

Total Revenue

$2.01B

Previous: $1.38B+45.6%
EPS (adj)

$5.29

Previous: $3.33+58.9%
Adjusted EBITDA

$316M

Previous: $206M+53.5%
Adjusted EBITDA Margin

15.7%

Previous: 14.9%+5.4%
Total Backlog

$12.2B

Previous: $8B+53.0%
Free Cash Flow

-$368M

Previous: -$33.7M-992.1%
Net Income

$116M

Previous: $97.5M+18.6%
Operating Income

$192M

Previous: -$1.18B+116.3%
Gross Profit

$441M

Previous: -$1.07B+141.2%
Cash & Equivalents

$340M

Previous: $28.5M+1094.9%
Total Assets

$6.54B

Previous: $3.22B+103.1%

Revenue & EPS history

Dycom · Revenue · Quarterly

$2.01B

Q2 2027+45.6%vs Q2 2026
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Dycom · $2.01B total across 2 segments · Q2 2027

  • Communications
    $1.61B
  • Building Systems
    $397M

Forward guidance

Fiscal 2027 revenues expected between $7.48 billion and $7.66 billion with continued margin expansion.

Tailwinds

  • Raised full-year revenue outlook.
  • Building Systems segment revenue increased due to Power Solutions and acquisition.
  • Strong backlog supports growth trajectory.

Headwinds

  • Communications margin expected to decline slightly due to deferred wireless projects and investments.
  • Approximately $150 million wireless revenue deferred to fiscal 2028.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+1.5%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+2.8%

Avg return

30 days after

58%

37 / 64 earnings

Positive

+25.8%

Q1 2027

Best reaction

-27.3%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2027
Q1 2027+25.8%+17.9%
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 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%
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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