Dycom's Q2 10-Q: Record Revenue and a Fresh $150M Buyback
DY sits 28% above its 52-week low of $242.55 on elevated volume (4.7× avg).
Summary
Dycom's Q2 10-Q confirms record revenue and earnings, adds a new $150M buyback authorization, and reveals a record $12.24B backlog alongside a cash drawdown from acquisition spending.
Key Events · Earnings and Guidance · DY
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Record Q2 Revenue and Earnings
Contract revenue reached $2.006 billion, up 45.6% year-over-year, with net income of $115.6 million ($3.84 basic EPS) for the quarter ended August 1, 2026.
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New $150M Buyback Authorization
On August 26, 2026, the board authorized a new $150 million repurchase program through February 2028, replacing the prior program's remaining $83.9 million.
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Record Backlog of $12.24B
Total backlog hit $12.24 billion as of August 1, 2026, up from $9.54 billion at fiscal year-end, with 52.9% expected to be completed in the next twelve months.
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Cash Drawdown from Acquisitions
Cash and equivalents fell to $340.1 million from $709.2 million at fiscal year-end, driven by $238.3 million in acquisition spending including National Technology Integrators.
Analysis · DY · Real Estate & Construction
The Q2 FY2027 10-Q from Dycom confirms the record results previewed in yesterday's 8-K—contract revenue of $2.006 billion, up 45.6% year-over-year, and net income of $115.6 million. What's new is a $150 million share repurchase authorization announced August 26, 2026, which replaces the prior program's remaining $83.9 million. The filing also reveals a record $12.24 billion backlog, up from $9.54 billion at fiscal year-end, while cash fell to $340 million from $709 million as the company funded the $275 million National Technology Integrators acquisition. On the balance sheet, total debt stands at $2.82 billion against $2.06 billion in stockholders' equity, and interest expense more than doubled year-over-year to $38 million for the quarter.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. 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 $311.50 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $9.3B. 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.