New York, May 27, 2026, 14:05 EDT
Dycom Industries stock climbed roughly 27% in afternoon trading Wednesday. The U.S. infrastructure firm beat earnings estimates for its fiscal first quarter, lifted its full-year outlook, and unveiled a fresh data-center acquisition. Shares were last at $533.74, backing off from a session high of $566.
Dycom’s results gave investors the sign they wanted that the company’s fiber and data-center business is bringing in actual revenue. Adjusted earnings per share came in at $4.42, well ahead of the $2.73 consensus, and revenue hit $1.96 billion, topping estimates by around $292 million, MarketBeat said. Adjusted earnings exclude some items to focus on operating performance.
Dycom reported that contract revenue jumped 56.1% to $1.965 billion for the quarter ended May 2. Organic revenue, which leaves out acquired businesses, increased 24.7%. Adjusted EBITDA reached $262.5 million. Backlog came in at $11.906 billion. CEO Dan Peyovich called demand for fiber infrastructure and data centers “more robust today than it has ever been.” Dycom Industries, Inc.
The company guided to contract revenue of $7.38 billion to $7.65 billion for fiscal 2027. This quarter, it sees contract revenue between $1.94 billion and $2.01 billion, with adjusted diluted EPS in a $4.40 to $4.82 range.
Dycom jumped past other infrastructure stocks it’s usually compared against. MasTec shares barely moved. Quanta Services slid roughly 0.8%. The SPDR S&P 500 ETF Trust, which tracks the wider U.S. market, edged down too.
Dycom’s shares moved after the company said it will acquire National Technology Integrators, a Maryland low-voltage engineering and construction company, for $275 million. Low-voltage jobs include wiring for data, security, and AV systems in commercial sites and data centers. Dycom expects the deal to close before its second fiscal quarter wraps up.
Dycom’s $1.95 billion Power Solutions buy in 2025 pushed it further into electrical and data-center infrastructure. Investors Business Daily said Dycom is expanding out of its traditional telecom fiber-optic work and into the data-center market, as artificial intelligence and cloud spending increase.
Peyovich said on the earnings call that fiber-to-the-home is “still earlier on in the overall cycle.” When analysts asked about demand tied to data centers, he replied demand “has not abated whatsoever.” Investing.com
Limits remain for the trade here. Dycom’s move pushes expectations higher for future quarters, and the company still relies on customers’ capex, infrastructure decisions, acquisition follow-through and managing its debt load. Telecom spend cuts, lagging broadband projects, issues bringing in National Technology Integrators, or thinner margins in Building Systems could flip the story fast.
Right now, the market took the quarter as proof Dycom isn’t only catching the fiber wave. Shares are getting valued more like a contractor linked to bigger spending on broadband, power and data-center infrastructure.
