What did Dycom Industries (NYSE:DY) report in fiscal Q1 2027 earnings?

Dycom Industries reported record fiscal first-quarter 2027 contract revenue of $1.965 billion, up 56.1% year over year. Adjusted EBITDA reached $262.5 million with a 13.4% margin, while non-GAAP adjusted EPS came in at $4.42. The company also raised its full-year revenue outlook and announced a major acquisition.

Why did Dycom Industries’ (NYSE:DY) revenue grow so rapidly?

Growth was driven by strong demand for digital infrastructure deployment projects tied to telecommunications networks and data centers. Dycom benefits from ongoing investments in fiber expansion, broadband infrastructure, and large-scale connectivity upgrades. Organic revenue growth of 24.7% suggests demand remained strong even excluding acquisitions.

What does Dycom Industries’ (NYSE:DY) record backlog mean?

The company’s backlog expanded 46.5% year over year to a record $11.906 billion. Backlog represents signed work that has not yet been completed and is often viewed as a key indicator of future revenue visibility. A growing backlog suggests customers continue committing heavily to infrastructure projects.

Why are investors paying attention to Dycom Industries’ (NYSE:DY) acquisition of National Technology Integrators?

Dycom agreed to acquire National Technology Integrators for $275 million to expand its technical design and execution capabilities. The deal may help the company increase capacity and strengthen its presence in key regional markets. Investors will likely watch whether the acquisition accelerates growth and improves operational scale.

How profitable is Dycom Industries (NYSE:DY) right now?

Profitability improved significantly alongside revenue growth. Adjusted EBITDA margin reached 13.4%, while non-GAAP adjusted net income totaled $134.3 million. Strong margins suggest the company is benefiting from operating leverage as infrastructure deployment volumes increase.

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Dycom posts record Q1 revenues, raises FY outlook and plots $275M acquisition

Written by Isaac FrancisPublished May. 27 2026Last Updated May. 27 2026

Dycom Industries (NYSE:DY) reported record financial results for its fiscal first quarter of 2027, driven by strong demand for digital infrastructure deployments.

Alongside the performance expansion, the engineering and construction contractor announced a $275 million agreement to acquire National Technology Integrators and upgraded its full-year revenue outlook.

Contract revenues reached $1.965 billion for the quarter, representing a 56.1% increase compared to the same period in the prior fiscal year.

On an organic basis, which filters out recent acquisitions, contract revenues advanced 24.7%.

The top-line acceleration underpinned a solid expansion in underlying profitability, with adjusted EBITDA reaching $262.5 million, translating to a 13.4% margin.

Reported net income stood at $91.3 million, or $3 per diluted share.

On a non-GAAP basis, which adjusts for integration costs and non-recurring items, adjusted net income reached $134.3 million, or $4.42 per adjusted diluted share.

The company's total backlog—a metric indicating future project visibility and contract health—expanded 46.5% year-over-year to a record $11.906 billion, signaling sustained programmatic deployment demand from major telecommunications and data center providers.

To capitalize on ongoing industry scaling, Dycom finalized a definitive agreement to purchase National Technology Integrators for $275 million.

The transaction is expected to expand the firm's capacity to design and execute large-scale technical solutions across key geographical markets.

Backed by the strong quarterly start and the impending integration of its latest asset, Dycom raised its full-year revenue projections for fiscal 2027 to a range between $7.38 billion and $7.65 billion.

For the upcoming second fiscal quarter, the company expects contract revenues to land between $1.94 billion and $2.01 billion, continuing its sequential operational momentum.