Dycom raised its fiscal 2027 contract revenue forecast to $7.38B-$7.65B following a 56% jump in Q1 revenue.
Dycom Industries reported fiscal first-quarter revenue of $1.965 billion, up 56% year-over-year, driven by strong demand for fiber and data center infrastructure. Adjusted diluted EPS rose 85% to $4.42, while adjusted EBITDA increased 75% to $262.5 million.
The company’s backlog reached a record $11.9 billion, up 25% sequentially, with a 2.2x book-to-bill ratio. Management cited larger, longer-duration customer agreements as a key growth driver. Dycom also raised its fiscal 2027 contract revenue outlook to $7.38 billion-$7.65 billion, excluding contributions from the pending National Technology Integrators acquisition.
BEAD-related revenue potential was noted as a possible upside but remains excluded from guidance.