Dycom Industries, Inc. (DYCT) posted adjusted earnings of $3.42 per share for Q4 2026, surpassing expectations, driven by robust demand in utility and defense infrastructure projects. The company’s revenue reached $947 million, reflecting a 14% year-over-year increase.
- Q4 2026 adjusted EPS: $3.42, exceeding estimates by $0.18
- Revenue: $947 million, up 14% YoY
- Backlog as of Dec 31, 2026: $2.1 billion, up 19% YoY
- Capital expenditures in Q4: $68 million
- 2027 full-year revenue guidance: $3.7B–$3.9B
- 2027 EPS guidance: $13.10–$13.70
Dycom Industries, Inc. (DYCT) delivered a strong fourth-quarter performance in 2026, reporting adjusted earnings per share of $3.42, exceeding the consensus estimate by $0.18. Revenue for the quarter totaled $947 million, marking a 14% increase compared to the same period in 2025. This growth was fueled by heightened capital expenditures in the energy and defense sectors, with utility services contributing 62% of total revenue and government contracting accounting for 28%. The company’s performance reflects broader trends in infrastructure modernization, particularly in grid resilience and defense-related communications networks. Dycom’s backlog rose to $2.1 billion as of December 31, 2026, up 19% from the prior year, indicating sustained client confidence and long-term project visibility. Additionally, the firm invested $68 million in capital expenditures during the quarter, focused on expanding its fleet and digital monitoring capabilities. Market reaction was positive, with DYCT shares rising 5.3% in after-hours trading. The stock’s momentum aligns with broader sector trends, as the XLE energy sector ETF gained 3.1% over the same period, and defense-focused equities in the DEF index saw a 4.7% uptick. Investors are interpreting Dycom’s results as a proxy for continued government and private-sector investment in critical infrastructure. The company reaffirmed its full-year 2027 guidance, projecting revenue between $3.7 billion and $3.9 billion, with adjusted EPS in the range of $13.10 to $13.70. Management cited ongoing federal infrastructure initiatives and increased utility investment in smart grid technologies as key drivers.