Dycom Tops Q4 Estimates with 34% Revenue Growth and $2.03 EPS
Dycom reported fiscal Q4 revenue of $1.46 billion (34% y/y) and adjusted EPS of $2.03, topping estimates by 6.9% and 14%, respectively. It sees Q1 revenue of $1.64-1.71 billion, FY2026 revenue of $6.85-7.15 billion and expects double-digit contract growth in FY2027 on fiber-to-home and data-center demand.
1. Q4 Financial Results
Dycom delivered fiscal Q4 revenue of $1.46 billion, marking a 34.4% increase year-on-year, alongside adjusted EPS of $2.03 that beat consensus by 14%. GAAP profit stood at $16.3 million, or 55 cents per share, driven by strong activity in telecom infrastructure services.
2. Guidance for Q1 and FY2026
The company projects Q1 revenue between $1.64 billion and $1.71 billion, reflecting continued momentum from recent contract wins. Full-year 2026 revenue is forecast at $6.85 billion to $7.15 billion, signaling sustained growth across its specialty contracting segments.
3. FY2027 Outlook and Demand Drivers
For fiscal 2027, Dycom anticipates double-digit contract revenue growth supported by accelerated fiber-to-the-home deployments and robust demand for communications and building systems services in data centers and hyperscale facilities.