Dycom reported record second quarter 2027 revenue of $2B and raised its full-year outlook

Dycom Industries reported record results for the second quarter of fiscal 2027, beating analyst estimates on both revenue and earnings. Performance was supported by strong organic growth of 16.7% and the strategic acquisition of National Technology Integrators, although total backlog came in lower than the aggressive $14.1 billion analyst projection.

Key Highlights

• Contract revenues surged 45.6% year-over-year to $2.006 billion, driven by robust fiber-to-the-home programs and increased middle-mile infrastructure builds.
• Adjusted Diluted EPS of $5.29 significantly exceeded the $4.70 estimate, while Adjusted EBITDA reached $315.5 million, or 15.7% of contract revenues.
• Total backlog reached a record $12.242 billion, up 53.2% from the prior year, despite missing higher analyst expectations.
• The company raised its full-year fiscal 2027 revenue outlook to a range of $7.48 billion to $7.66 billion, reflecting continued demand for digital infrastructure builds.