The earnings call was largely positive, with strong revenue and EBITDA growth, a significant increase in backlog, and improved cash flow management. While there was some concern about hitting the lower end of revenue guidance for the quarter, the overall outlook remains strong with substantial opportunities in the AI and data center markets and a significant new award secured for future growth.

Company Guidance

In the recent Dycom Industries' conference call, the company provided robust guidance for fiscal year 2026, highlighting a strong performance in the second quarter with a 14.5% year-over-year revenue increase, reaching $1.38 billion. The quarter also saw a record EBITDA of $205.5 million, representing a 14.9% margin, and an impressive 29.8% growth over the prior year, attributed to increased efficiencies and operational excellence. The company reported a backlog of $8 billion, with $4.6 billion expected within the next twelve months, marking a 16.9% and 20.2% year-over-year increase, respectively. Dycom reaffirmed its fiscal 2026 revenue outlook, projecting $5.29 billion to $5.425 billion, driven by expanding digital infrastructure demand and strategic partnerships. Additionally, Dycom highlighted a significant new award for fiber and maintenance services and emphasized the potential growth from the BEAD program and AI-related investments, estimating a $20 billion market opportunity over the next five years. The company's focus on cash flow management was evident, with a nine-day improvement in DSOs, enhancing operating cash flow, and leveraging recent tax legislation for further financial benefits.

Record Revenue and EBITDA Growth

Dycom Industries reported record revenue of $1.38 billion for the quarter, a 14.5% increase over the prior year, and record adjusted EBITDA of $205.5 million, representing a 14.9% margin and a 29.8% increase over the prior year.

Strong Backlog Increase

The total backlog at the end of the quarter was $8 billion, with a next twelve months backlog of $4.6 billion, representing a year-over-year increase of 16.9% and 20.2%, respectively.

Improved Cash Flow Management

Dycom improved its DSOs by nine days year-over-year, ending the quarter at 108 days, and reported operating cash flows of $57.4 million.

Significant New Award

After the quarter's close, Dycom secured a significant new award for both service and maintenance and fiber to the home work across numerous states, to be reported in Q3 backlog.

Opportunities in AI and Data Center Market

Dycom estimates the addressable market for outside plant data center network infrastructure to be over $20 billion for the next five years, with opportunities driven by AI-related investments and increased fiber capacity needs.

Dycom (DY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2026 (Q3)	3.21 / -	2.68	―	―	―
Aug 20, 2025	2026 (Q2)	2.92 / 3.33	2.46	35.37% (+0.87)
May 21, 2025	2026 (Q1)	1.72 / 2.09	2.12	-1.42% (-0.03)
Feb 26, 2025	2025 (Q4)	0.89 / 1.17	0.79	48.10% (+0.38)
Nov 20, 2024	2025 (Q3)	2.31 / 2.68	2.817	-4.86% (-0.14)
Aug 21, 2024	2025 (Q2)	2.26 / 2.46	2.027	21.36% (+0.43)
May 22, 2024	2025 (Q1)	1.57 / 2.12	1.73	22.54% (+0.39)
Feb 28, 2024	2024 (Q4)	0.94 / 0.79	0.83	-4.82% (-0.04)
Nov 21, 2023	2024 (Q3)	1.75 / 2.82	1.8	56.50% (+1.02)
Aug 23, 2023	2024 (Q2)	1.66 / 2.03	1.46	38.84% (+0.57)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 20, 2025	$269.57	$257.26	-4.57%
May 21, 2025	$193.62	$224.13	+15.76%
Feb 26, 2025	$171.94	$161.96	-5.80%
Nov 20, 2024	$202.79	$176.56	-12.93%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Dycom (DY) report earnings?

Dycom (DY) is schdueled to report earning on Nov 19, 2025, Before Open (Confirmed).

What is Dycom (DY) earnings time?

Dycom (DY) earnings time is at Nov 19, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DY EPS forecast?

DY EPS forecast for the fiscal quarter 2026 (Q3) is 3.21.

Dycom (DY) Earnings News

Dycom Industries Q1 EPS Grows Over 20x; Shares Up 17.5%

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Market News

Dycom Industries Q1 EPS Grows Over 20x; Shares Up 17.5%

3y ago

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