Dycom Industries ( (DY) ) has released its Q2 earnings. Here is a breakdown of the information Dycom Industries presented to its investors.
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Dycom Industries, Inc. is a prominent provider of specialty contracting services, primarily serving the telecommunications infrastructure and utility industries across the United States. The company offers a range of services including program management, engineering, construction, and maintenance for telecommunications and utility providers.
In its fiscal 2026 second quarter earnings report, Dycom Industries announced record financial results, showcasing a significant increase in contract revenues and earnings per share compared to the previous year. The company highlighted its strategic execution and operational efficiency as key drivers of its strong performance.
Key financial metrics for the second quarter included a 14.5% increase in contract revenues to $1.378 billion, a 35.4% rise in GAAP diluted earnings per share to $3.33, and a 42.5% increase in net income to $97.5 million. Additionally, the company reported a record adjusted EBITDA of $205.5 million, representing 14.9% of contract revenues. The backlog as of July 26, 2025, stood at $8.0 billion, indicating strong future demand.
Looking ahead, Dycom Industries remains optimistic about its growth prospects, with expectations of achieving its full-year growth target. The company is well-positioned to capitalize on the accelerating demand for digital infrastructure, leveraging its scale and national reach to meet customer goals. Dycom’s management remains focused on creating long-term value for shareholders and providing opportunities for its workforce.