🔴 Dycom Industries is trading 4.23% down in pre-market after $150 million in wireless revenue was deferred

Dycom Industries is trading at $336.93, down -4.23% in pre-market after approximately $150 million in wireless revenue was deferred into fiscal 2028.

• Reported record fiscal 2027 second-quarter revenue of $2.006 billion and adjusted EPS of $5.29.
• Raised full-year revenue guidance to $7.48 billion–$7.66 billion; Communications margins fell 134 basis points, likely making the results less reassuring.
• Selling follows Tuesday’s 7.65% decline and a broader pullback; the release does not explicitly link the decline to results, so confidence is medium.