Dycom Industries (DY) Stock Pulls Back After Blowout Quarter and Record Backlog

TLDR

• Dycom reported Q2 EBITDA of $315.5 million, beating Wall Street’s estimate of $297 million
• Q2 revenue hit $2 billion, up 46% year over year
• Backlog rose 53% to a record $12.2 billion
• Full-year revenue guidance raised to $7.48B-$7.66B, up from ~$7.5B prior forecast
• DY stock was up ~37% over the past 12 months heading into the report

Dycom Industries (DY) reported strong second-quarter fiscal 2027 results before Wednesday’s open, but the stock pulled back 7.65% despite beating expectations across the board.

Dycom Industries, Inc., DY

The stock was trading around $361.20 in premarket, up 2.7% shortly after results dropped, but reversed course during the session.

Revenue for the quarter came in at $2.006 billion, up 45.6% year over year. Non-GAAP Adjusted EBITDA hit $315.5 million, well above the Wall Street estimate of roughly $297 million.

📊 $DY Dycom Industries Q2 Earnings

✅ Earnings Beat
Adj. EPS: $5.29
vs Est: $4.72 (beat by 12.08%)
YoY: ↑ 58.86% (from $3.33)

✅ Revenue Beat
Sales: $2.006B
vs Est: $1.980B (beat by 1.31%)
YoY: ↑ 45.68% (from $1.377B)

… Continue reading the full article at the original source below.