Dycom Q2 Adjusted EPS Beats by 12% on Fiber Demand; Raises Full-Year Outlook
DY sits 45% above its 52-week low of $242.55 on elevated volume (3.2× avg).
Summary
Dycom reported fiscal Q2 contract revenue of $2.006B, up 46% year-over-year, driven by robust fiber-to-the-home and long-haul/middle-mile infrastructure demand. Adjusted EPS of $5.29 beat the $4.72 consensus by 12%. The company raised its full-year FY2027 contract revenue outlook to $7.48B-$7.66B and guided Q3 revenue to $1.90B-$1.98B. The National Technology Integrators acquisition contributed $22.9M in revenue and strengthens its digital infrastructure position. This follows record Q1 results and a board refresh in August; the stock trades at 19x forward earnings versus 28x three months ago, with a median analyst price target of $625. The earnings beat is seen as pointing to an AI infrastructure boom.
At the time of this announcement, DY was trading at $352.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $10.6B. The 52-week trading range was $242.55 to $566.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.