The strong beat and raised guidance, combined with record backlog and margin expansion, signal accelerating demand for fiber and data center infrastructure. The NTI acquisition adds complementary capabilities. Monitor Q2 guidance ($1.94B-$2.01B revenue, $4.40-$4.82 adjusted EPS) and integration progress. The stock is likely to gap up significantly on this release.
Price Chart
Executive Summary
Dycom Industries reported Q1 FY2027 results that significantly exceeded consensus expectations, with contract revenues of $1.965B (+56.1% YoY, +24.7% organic) and non-GAAP adjusted diluted EPS of $4.42, well above the $2.72 consensus. The company raised its full-year fiscal 2027 revenue guidance to $7.38B-$7.65B and announced the acquisition of National Technology Integrators for $275M, expanding data center capabilities. Record backlog of $11.906B (+46.5% YoY) and strong margin expansion (Adjusted EBITDA margin 13.4%, +141bps) underscore robust demand for fiber infrastructure and data center builds.
Key Financial Metrics
Key Facts
- Q1 FY2027 contract revenues of $1.965B, up 56.1% YoY (24.7% organic), exceeding the high end of guidance
- Non-GAAP adjusted diluted EPS of $4.42, well above consensus estimate of $2.72
- Record total backlog of $11.906B, up 46.5% YoY
- Adjusted EBITDA margin expanded 141bps to 13.4%
- Full-year FY2027 revenue guidance raised to $7.38B-$7.65B
- Acquisition of National Technology Integrators for $275M, expected to close before end of Q2 FY2027
- Building Systems segment (including Power Solutions) contributed $395.4M revenue with 17.7% Adjusted EBITDA margin
- Communications segment organic revenue growth of 24.7% with 12.3% Adjusted EBITDA margin
Financial Impact
Q1 revenue beat consensus by ~$295M (17.7%); EPS beat by $1.70 (62.5%); full-year guidance raised by ~$300M at midpoint; $275M acquisition
Risk Factors
- Integration risk from the NTI acquisition ($275M) and potential execution challenges
- Customer concentration and dependence on telecom/utility capital budgets
- Macroeconomic headwinds or changes in government infrastructure funding
- Seasonality and weather-related disruptions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3301755 |
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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