Dycom Posts Record $5.55B Revenue and 29.7% EPS Growth, Backlog Hits $9.54B
Dycom reported fiscal 2026 full-year revenue of $5.55B, up 17.9%, with organic growth of 6.5% and non-GAAP EPS of $11.97, marking a 29.7% rise. Q4 revenue hit $1.46B, up 34.4%, with adjusted EBITDA margin expanding 41bps to 11.1% and backlog reaching $9.54B.
1. Record Full-Year Performance
Dycom closed fiscal 2026 with revenue of $5.55 billion, up 17.9% year-over-year, driven by organic growth of 6.5%. Non-GAAP adjusted EBITDA reached $737.7 million, with a margin of 13.3%, while adjusted diluted EPS rose 29.7% to $11.97.
2. Q4 Segment Results
In fiscal fourth quarter, revenue surged 34.4% to $1.46 billion, led by Communications revenue of $1.362 billion and Building Systems revenue of $95.8 million. Adjusted EBITDA margin expanded 41 basis points to 11.1%, and non-GAAP EPS improved 42% to $2.03.
3. Backlog and Book-to-Bill
Total backlog at year-end reached $9.542 billion, with $8.333 billion in Communications and $1.209 billion in Building Systems. Book-to-bill stood at 1.3x overall, reflecting strong customer demand and disciplined project selection.
4. Fiscal 2027 Outlook and Integration
The company guided fiscal 2027 revenue of $6.85–7.15 billion, anticipating organic growth of 6.6%–10.3% and further margin expansion. Integration of the Power Solutions acquisition is on schedule, supporting a targeted mid-teens EBITDA margin in Building Systems.