{
  "id": 3522136,
  "title": "Dycom Q2 2027 slides: record revenue, $12B backlog amid margin pressure",
  "url": "https://urgent.news/2026/08/26/dycom-q2-2027-slides-record-revenue-12b-backlog-amid-margin-pressure",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T14:12:59.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/dycom-q2-2027-slides-record-revenue-12b-backlog-amid-margin-pressure-93CH-4877458"
  },
  "original_language": "en",
  "account": "Dycom Industries released its Q2 2027 financial results on August 26, 2026, reporting record revenue and a substantial backlog, driven by a surge in fiber infrastructure deployment. The company's adjusted earnings per share reached $5.29 on revenue of $2.01 billion, exceeding analysts' expectations. However, shares declined 8.67% to $321.31 as investors focused on margin pressure in the communications segment and a $150 million shift of wireless revenue into fiscal 2028.\n\nThe company's total contract revenues increased by 45.6% year-over-year to $2,005.9 million, representing a 16.7% organic growth. Adjusted EBITDA grew 53.5% to $315.5 million, with the EBITDA margin expanding 81 basis points to 15.7%. CEO Dan Peyovich highlighted the company's commitment to a generational deployment of digital infrastructure, projected to continue for the next decade.\n\nDycom's backlog expanded significantly, reaching $12.242 billion in Q2 2027, a 28% increase year-to-date, with the next 12 months backlog at $6.472 billion. The company demonstrated a 1.4x organic book-to-bill ratio year-to-date, indicating sustained demand. Total contracted backlog for long-haul, middle-mile, and inside-the-fence fiber infrastructure reached over $1 billion as of Q2 2027.\n\nThe communications segment, the core of Dycom's business, reported a 16.7% year-over-year revenue increase to $1,608.4 million, driven by fiber-to-the-home programs, increased fiber infrastructure builds, and growing maintenance and operations services. However, the adjusted EBITDA margin contracted by 134 basis points to 13.6% due to workforce expansion and higher fuel costs. The segment's backlog surged 37.5% to $10.983 billion.\n\nThe building systems segment emerged as a growth driver with exceptionally strong margins, generating $397.5 million in revenue and an adjusted EBITDA margin of 24.5%. Dycom acquired National Technology Integrators during the quarter, expanding its end-to-end digital infrastructure capabilities. The company maintained a strong liquidity position with $1,086.5 million in total liquidity as of Q2 2027, supporting its growth initiatives.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}