Dycom Posts Record Q2, Raises FY2027 Outlook on 53% Backlog Surge
DY sits 45% above its 52-week low of $242.55 on elevated volume (3.2× avg).
Summary
Dycom reported record Q2 FY2027 results with 45.6% revenue growth and raised its full-year outlook, backed by a record $12.24 billion backlog and the completed National Technology Integrators acquisition.
Key Events · Earnings and Guidance · DY
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Record Q2 Revenue and EPS
Contract revenues rose 45.6% to $2.006 billion; adjusted diluted EPS of $5.29 beat the prior-year quarter by 45.3%.
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Raised Full-Year Outlook
FY2027 contract revenue guidance raised to $7.48–$7.66 billion, up from prior expectations, on strong demand and record backlog.
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Record Backlog of $12.24B
Total backlog grew 53.2% year-over-year to $12.242 billion, with next-12-months backlog of $6.472 billion supporting multi-year visibility.
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National Technology Integrators Acquisition Closed
Completed during Q2 FY2027; contributed approximately $22.9 million of revenue in the quarter and extends data-center and inside-plant capabilities.
Analysis · DY · Real Estate & Construction
Dycom delivered record second-quarter results with contract revenues up 45.6% to $2.006 billion and adjusted diluted EPS of $5.29, beating the prior-year quarter by 45%. Management raised its full-year revenue outlook to $7.48–$7.66 billion, citing a record $12.24 billion backlog and the completed acquisition of National Technology Integrators. The one soft spot is a $150 million deferral of wireless program revenue into fiscal 2028, which pressured Communications segment margins. The raised guidance and record backlog support the growth story, but the wireless deferral and higher fuel costs are worth watching.
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At the time of this filing, DY was trading at $352.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $10.6B. The 52-week trading range was $242.55 to $566.47. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.