Dycom Raises Revenue Outlook to $5.29B-$5.425B for FY26 Amid Digital Infrastructure Demand Growth

Dycom Industries reaffirmed its fiscal 2026 revenue outlook of $5.29B-$5.425B, citing accelerating demand for digital infrastructure. CEO Daniel S. Peyovich noted a record quarter with revenue within expectations and record EBITDA and EPS exceeding expectations due to operating leverage and increased efficiencies.

Dycom Industries, Inc. (NYSE: DY) has reaffirmed its fiscal 2026 revenue outlook, citing accelerating demand for digital infrastructure. The company reported outstanding fiscal 2026 second quarter results, achieving record-breaking performance across key metrics. Contract revenues reached $1.378 billion, up 14.5% year-over-year, with organic growth of 3.4%. Net income surged 42.5% to $97.5 million, resulting in record GAAP diluted EPS of $3.33. The company demonstrated strong operational efficiency with Adjusted EBITDA of $205.5 million, representing 14.9% of contract revenues [1].

Dycom maintains a robust backlog of $8.0 billion and reaffirmed its fiscal 2026 revenue outlook of $5.290-$5.425 billion. During the first half, the company repurchased 200,000 shares for $30.2 million at an average price of $150.93 per share. Dycom delivered record Q2 results with 14.5% revenue growth and 35.4% EPS growth, demonstrating strong operational efficiency and market expansion [1].

CEO Daniel S. Peyovich noted, "Dycom’s first-half performance confirms the strength of our strategy, disciplined execution, and ability to capitalize on a rapidly expanding market. This quarter, we delivered record revenue within our range of expectations and record earnings that exceeded our expectations. We meaningfully improved margins through operational efficiency and operating leverage, and strengthened our financial position through measured cash flow management" [1].

Looking ahead, management has maintained its full-year revenue outlook of $5.290-$5.425 billion, representing 12.5-15.4% growth. For Q3, they're projecting revenues of $1.38-$1.43 billion with Adjusted EBITDA of $198-213 million. The $8 billion backlog provides strong visibility into future performance. The company also returned capital to shareholders, repurchasing 200,000 shares for $30.2 million during the first half of the fiscal year, demonstrating confidence in their long-term prospects while maintaining financial flexibility [1].

References:
[1] https://www.stocktitan.net/news/DY/dycom-industries-inc-reports-fiscal-2026-second-quarter-zm1zhnnadab5.html