Dycom shares slide 12% after Q2 revenue miss

Dycom Industries

20/08/2025 16:22

**  Shares of telecommunications contractor Dycom Industries DY.N drop about 12.6% to $235.48 — the lowest since June 24

** Company posts Q2 contract revenue of $1.38 bln, compared with analysts' estimate of $1.41 bln - data compiled by LSEG

** Forecasts Q3 contract revenue between $1.38 bln and $1.43 bln, below estimates of $1.46 bln

** Growth rates and near-term revenue expectations may be surprising given strong drivers like fiber-to-the-home and AI-related demand for fiber and data center work, says Brent Thielman, senior research analyst at D.A. Davidson

** DY reiterates FY26 contract revenue forecast in the range of $5.29 bln to $5.43 bln

** Including session moves, shares up nearly 35.63% YTD

(Reporting by Krisha Bhatt)

((Krisha.Bhatt@thomsonreuters.com;))