Dycom Industries (NYSE:DY) reported blockbuster fiscal 2026 results on Wednesday, as the specialty contractor capitalizes on a massive wave of telecommunications investment and the rapid integration of its latest strategic acquisition.
The Palm Beach Gardens-based firm posted fourth-quarter contract revenues of $1.458 billion, a 34.4% surge over the prior year.
While the growth was significantly bolstered by M&A activity, organic revenue climbed a healthy 16.6%, reflecting a robust demand environment for fiber optic deployments and wireless infrastructure upgrades.
For the full fiscal year, total revenue reached a record $5.546 billion.
Profitability followed the top-line trajectory, with adjusted EBITDA for the quarter rising to $162.4 million, representing an 11.1% margin.
For the full year, the company generated $737.7 million in adjusted EBITDA at a 13.3% margin, demonstrating Dycom’s ability to maintain operational discipline even as it scales rapidly to meet the needs of major carriers and hyperscale data center operators.
A significant catalyst for the quarter was the closing of the Power Solutions acquisition on December 23, 2025.