The combination of strong organic growth, margin expansion, and strategic M&A positions Dycom for sustained outperformance. Traders should monitor execution on the Building Systems segment ramp and integration of Power Solutions. The significant increase in backlog to $9.54B supports visibility into future revenue.
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Executive Summary
Dycom Industries reported record Q4 and full-year fiscal 2026 results, driven by strong organic growth and the acquisition of Power Solutions, which expanded its presence in the data center market. Contract revenues rose 34.4% YoY in Q4 and 17.9% for the year, while adjusted EBITDA and free cash flow hit record highs. The company provided bullish fiscal 2027 guidance, forecasting contract revenues between $6.85B and $7.15B.
Key Financial Metrics
Key Facts
- Q4 contract revenues: $1.458 billion, up 34.4% YoY (16.6% organic)
- Full-year contract revenues: $5.546 billion, up 17.9% YoY (6.5% organic)
- Adjusted EBITDA: $162.4 million in Q4 (+39.6% YoY), $737.7 million for the year (+28.0%)
- Free cash flow: $435.3 million for the year, up 216% YoY
- Completed acquisition of Power Solutions, a data center electrical infrastructure contractor
- Fiscal 2027 revenue guidance: $6.85B–$7.15B, implying ~23.6% YoY growth at midpoint
- New two-segment reporting: Communications and Building Systems (includes Power Solutions)
Financial Impact
Revenue growth of 17.9% and adjusted EPS growth of 29.7% in fiscal 2026, with fiscal 2027 revenue guidance suggesting continued strong momentum. Free cash flow more than tripled to $435.3 million.
Risk Factors
- Integration risk with Power Solutions acquisition
- Dependence on large telecom customers and federal infrastructure funding
- Seasonal weather impacts noted in the quarter
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3249207 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | Insider Buy | $290.49 $287.38 | ▼ −1.07% | ▼ −0.41% | $273.75 (−5.76%) |
Sep 1, 2026 4w ago | Insider Buy | $296.98 $295.93 | ▼ −0.35% | ▲ +0.60% | $273.75 (−7.82%) |
Aug 26, 2026 5w ago | 8-K | $310.91 $296.98 | ▼ −4.48% | ▼ −4.36% | $273.75 (−11.95%) |
Aug 25, 2026 5w ago | 8-K | $351.80 $287.30 | ▼ −18.33% | ▼ −17.80% | $273.75 (−22.19%) |
Aug 14, 2026 7w ago | Press Release | $419.07 $392.95 | ▲ +6.23% | ▲ +4.86% | $273.75 (+34.68%) |
Jul 25, 2026 9w ago | Institutional Cluster | $424.21 $401.07 | ▼ −5.45% | ▼ −6.53% | $273.75 (−35.47%) |
Jun 1, 2026 17w ago | 8-K | $493.89 $466.28 | ▼ −5.59% | ▼ −2.84% | $273.75 (−44.57%) |
May 27, 2026 18w ago | 8-K | $529.13 $484.11 | ▼ −8.51% | ▼ −8.98% | $273.75 (−48.26%) |
May 27, 2026 18w ago | Press Release | $529.13 $485.97 | ▼ −8.16% | ▼ −9.36% | $273.75 (−48.26%) |
May 15, 2026 20w ago | Press Release | $437.37 $411.20 | ▼ −5.98% | ▼ −6.95% | $273.75 (−37.41%) |
US Market Status
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