Dycom stock surges after record Q1 results, raised outlook, and acquisition expanding data center infrastructure capabilities.
Stock Earnings Results
May 27, 2026
Table of Contents
May 27, 2026
Dycom Industries, Inc. (NYSE: DY) rose 29.46% after reporting record first-quarter fiscal 2027 results, raising its full-year outlook, and announcing a deal to acquire National Technology Integrators.
Dycom is an infrastructure services company that provides engineering, construction, maintenance, and installation services for telecommunications, fiber networks, utilities, and digital infrastructure customers.
The company reported adjusted EPS of $4.42, above estimates of $2.73, representing a 61.9% earnings surprise. Revenue came in at $1.96 billion, above estimates of $1.66 billion, with revenue growth of 56.1%.
Dycom reported first-quarter contract revenue of $1.97 billion, up 56.1% from the prior-year period.
Organic revenue growth was 24.7%, showing that the quarter was not just boosted by acquisitions. The company exceeded the high end of its fiscal Q1 2027 outlook.
Adjusted net income was $134.3 million, or $4.42 per diluted share.
Net income was $91.3 million, or $3.00 per diluted share. The earnings beat was the main driver behind the sharp stock move.
Adjusted EBITDA reached $262.5 million.
That represented 13.4% of contract revenue, showing strong profitability on a much larger revenue base.
Total backlog reached $11.91 billion, up 46.5%.
That backlog gives Dycom strong revenue visibility as demand continues across fiber, telecom, and digital infrastructure projects.
Dycom raised its full-year fiscal 2027 outlook after the strong first quarter.
The guidance increase likely reinforced investor confidence that the demand environment remains strong and that the company can sustain higher revenue and earnings levels.
Dycom entered into a definitive agreement to acquire National Technology Integrators for $275 million.
National Technology Integrators is a low-voltage engineering and construction firm focused on inside-plant structured cabling, including data centers, advanced audio-visual systems, and security systems.
The business is expected to have an initial annual revenue run-rate of about $175 million and adjusted EBITDA margins in the mid-to-high teens.
The acquisition expands Dycom’s role in digital infrastructure.
National Technology Integrators gives Dycom deeper capabilities inside data centers, while Dycom already supports fiber infrastructure and outside network connectivity. That creates a broader offering from server racks to the networks connecting data centers, facilities, businesses, and homes.
Dycom repurchased 100,000 shares for $36.0 million during the quarter.
That adds another capital allocation signal alongside the company’s growth investments and acquisition strategy.
Investors are likely to watch whether Dycom can sustain growth from telecom, fiber, and data center infrastructure demand.
The key areas are:
Dycom delivered a strong quarter across nearly every key metric.
Revenue beat expectations, earnings beat by a wide margin, backlog grew sharply, guidance was raised, and the company added a data center infrastructure acquisition. The stock reaction shows investors viewed the report as both a near-term earnings beat and a longer-term digital infrastructure expansion story.
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