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Apr 26
Dycom Q1 2026 Earnings Report
Dycom reported increased revenues and net income, supported by acquisitions and strong demand.
Key Takeaways
Dycom Industries delivered solid results for Q1 FY2026, with a 10.2% year-over-year revenue increase driven by acquisitions. Net income slightly decreased compared to the prior year, but backlog reached a record level, prompting an upward revision in the full-year revenue outlook.
Dycom
Dycom
Forward Guidance
Dycom increased its full-year FY2026 revenue guidance, citing strong Q1 results and favorable industry demand.
Positive Outlook
- Raised FY2026 contract revenue outlook to $5.29B–$5.425B
- Strong industry demand supports long-term growth
- Backlog reached a record high of $8.13B
- Second quarter revenue projected at $1.38B–$1.43B
- Q2 EPS guidance of $2.74–$3.05
Challenges Ahead
- FY2025 included $114.2M in storm-related revenue not expected in FY2026
- Q1 net income slightly declined from prior year
- Stock-based tax benefits lower than previous year
- Higher depreciation and amortization costs
- Interest expenses increased compared to prior year