Dycom Q2 adjusted EPS tops estimates on fiber infra demand

Dycom Industries

26/08/2026 12:08

Overview
U.S. specialty contractor's fiscal Q2 contract revenue rose 46% yr/yr, driven by organic and acquired growth
Adjusted EPS for fiscal Q2 beat analyst expectations
Company completed National Technology Integrators acquisition and raised full-year outlook

Outlook
Dycom raises full-year fiscal 2027 contract revenue outlook to $7.48 bln-$7.66 bln
Company sees Q3 contract revenues of $1.90 bln-$1.98 bln
Dycom expects full-year adjusted EBITDA margin to increase, but Communications margin to decline slightly

Result Drivers
FIBER INFRASTRUCTURE DEMAND - Co said robust fiber-to-the-home programs and increased long-haul and middle-mile fiber infrastructure builds drove organic growth in Communications segment
BUILDING SYSTEMS GROWTH - Co said Building Systems segment experienced rapid growth, with revenues exceeding expectations due to strong operational execution and favorable changes in project cost estimates
ACQUISITION CONTRIBUTION - Co said acquisition of National Technology Integrators contributed $22.9 mln in revenue and enhanced leadership in digital and critical infrastructure

Company press release: ID:nGNX1JNTkC

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Contract Revenue
 
$2.006 bln
 
Q2 Adjusted EPS
Beat
$5.29
$4.72 (9 Analysts)
Q2 EPS
 
$3.81
 
Q2 Net Income
 
$115.60 mln
 
Q2 Adjusted EBITDA
 
$315.50 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Dycom Industries Inc is $625.00, about 77.7% above its August 25 closing price of $351.80
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 28 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)