Dycom raises fiscal 2027 outlook: what it means for Dycom stock

Published on 10/05/2026 at 09:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2027 revenue outlook is USD 7.48-7.66 billion. Dycom stock costs EUR 245.30 on October 5, 2026 after EUR 243.50, plus 0.74 percent.

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Dycom raised its fiscal 2027 contract revenue outlook to USD 7.48-7.66 billion, giving Dycom stock a fresh operating benchmark as the company scales communications and building work. The outlook and the fiscal second-quarter results were listed by Dycom Industries on August 26, 2026.

Revenue outlook moves higher

For the second quarter of fiscal 2027, contract revenue reached USD 2.01 billion, up 45.60 percent from the year-ago quarter. Nasdaq reported that adjusted earnings per share were USD 5.29, exceeding the USD 4.62 consensus by 14.50 percent, while adjusted EBITDA rose 53.50 percent year over year to USD 315.5 million.

The updated full-year outlook is a quantified step above the earlier USD 7.38-7.65 billion range. Building Systems revenue is projected at USD 1.58-1.65 billion, while Communications revenue is expected at USD 5.90-6.01 billion after approximately USD 150.0 million of wireless program revenue moved into fiscal 2028, according to Nasdaq.

Backlog supports the investment case

Dycom ended the fiscal second quarter with total backlog of USD 12.24 billion, up 53.20 percent year over year, with USD 6.47 billion scheduled for completion during the next 12 months. The company also posted a 1.40-times organic book-to-bill ratio for the first half of fiscal 2027, a comparison that points to contract intake exceeding delivered organic work.

Profitability remains the counterweight. Communications adjusted EBITDA margin contracted to 13.60 percent from higher operating investments, deferred wireless activity and fuel costs, while Building Systems produced a 24.50 percent adjusted EBITDA margin. Operating cash flow increased to USD 103.7 million from USD 57.4 million in the year-ago quarter, according to Nasdaq.

EUR 245.30 in afternoon trading

Dycom was trading at EUR 245.30 at Lang & Schwarz on October 5, 2026 at 9:34 a.m. CEST, up 0.74 percent versus the prior close of EUR 243.50. The company also announced a USD 150.0 million share repurchase authorization on August 26, 2026, according to Dycom Industries.