Dycom Reports Record Q1 Results, Raises Guidance, Details $275M Acquisition & Strong Backlog
DY has more than doubled off its 52-week low of $223.19 on elevated volume (3.3× avg).
Summary
Dycom Industries reported robust first-quarter financial results, including record revenues and earnings, and confirmed its raised full-year guidance, alongside detailing a $275 million strategic acquisition and a substantial increase in its project backlog.
Key Events · Earnings and Guidance · DY
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Record Q1 Financial Performance
Contract revenues surged to $1.965 billion for the quarter ended May 2, 2026, up from $1.259 billion in the prior year. Net income rose to $91.3 million, and diluted EPS increased to $3.00.
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Strategic Acquisition Detailed
The company finalized an agreement on May 22, 2026, to acquire National Technology Integrators, LLC for $275.0 million, expanding its Building Systems segment. This follows the larger Power Solutions acquisition detailed in the prior 10-K.
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Increased Project Backlog
Total backlog grew significantly to $11.906 billion as of May 2, 2026, up from $9.542 billion at January 31, 2026, indicating strong future revenue visibility.
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Raised Full-Year Guidance Confirmed
The report confirms the raised full-year guidance, reflecting confidence in continued operational strength and market demand for digital infrastructure services.
Analysis · DY · Real Estate & Construction
This 10-Q provides the full financial details supporting the previously announced record first-quarter results, raised full-year guidance, and the strategic acquisition of National Technology Integrators for $275 million. The report highlights significant growth in contract revenues, net income, and EPS, driven by fiber-to-the-home deployments and the integration of acquired businesses. The substantial increase in backlog to $11.9 billion further reinforces the company's strong operational momentum and future revenue visibility.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DY was trading at $533.16 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $15.9B. The 52-week trading range was $223.19 to $566.47. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.