Telecom infrastructure contractor Dycom's Q3 revenue rises on higher demand

Dycom Industries

19/11/2025 12:08

Overview

Dycom fiscal Q3 contract revenues rise 14.1% yr/yr to $1.452 bln

GAAP diluted EPS for fiscal Q3 increases 35.4% to $3.63

Company reports record backlog of $8.2 bln as of October 25, 2025

Outlook

Company raises fiscal 2026 revenue outlook midpoint to $5.350 bln - $5.425 bln

Dycom expects Q4 fiscal 2026 revenue between $1.26 bln and $1.34 bln

Company forecasts Q4 fiscal 2026 EPS of $1.30 to $1.65

Result Drivers

TELECOM AND INFRASTRUCTURE DEMAND - Co attributes strong Q3 results to increased demand for telecommunications and digital infrastructure

ACQUISITIONS BOOST REVENUE - Contract revenues from acquired businesses contributed significantly to Q3 growth

RECORD BACKLOG - Co reports record backlog of $8.2 bln, indicating strong future demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Contract Revenue
$1.45 bln
Q3 EPS
$3.63
Q3 Net Income
$106.37 mln
Q3 Adjusted EBITDA
$219.40 mln
Q3 Pretax Profit
$140.26 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $312.50, about 5.2% above its November 18 closing price of $296.20

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nGNXb29xhj

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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.)