DY Stock Surges Over 30% On Earnings Beat And Higher Outlook

• DY’s first-quarter contract revenue jumped over 56% year-over-year to $1.96 billion.
• DY also announced a definitive agreement to acquire National Technology Integrators.
• Retail sentiment on Stocktwits around DY was in the ‘extremely bullish’ territory.

Shares of Dycom Industries (DY) surged on Wednesday after the company reported first-quarter results that beat analyst expectations and raised its outlook for fiscal 2027.

At the time of writing, the DY stock was up nearly 32% following the earnings release.

DY Delivers Record Revenue And Earnings Beat

Dycom Industries reported record fiscal first-quarter 2027 contract revenue of $1.96 billion, surpassing analyst estimates of $1.67 billion. Revenue rose 56.1% year-over-year, while organic growth came in at 24.7%.

The company also posted adjusted earnings of $4.42 per share, well above estimates of $2.72 per share. Net income climbed 49.5% from a year earlier to $91.3 million.

Dycom’s total backlog reached a record $11.91 billion during the quarter, marking a 46.5% increase year-over-year. 

DY Raises Outlook After Strong Quarter

Dycom also issued a stronger-than-expected outlook for the second quarter and full fiscal year 2027.

For the second quarter, the company expects adjusted earnings of $4.40 to $4.82 per share, ahead of analyst estimates of $4.06 per share. Revenue is projected between $1.94 billion and $2.01 billion, above estimates of $1.77 billion.

Dycom also raised its full-year fiscal 2027 revenue forecast to a range of $7.38 billion to $7.65 billion.

“We are in an excellent position to drive continued growth and realize the opportunities we see ahead in this period of unprecedented and intensifying demand, while remaining highly disciplined in our project selection. As a result, we are raising our full year outlook,” said Dan Peyovich, Dycom’s President and Chief Executive Officer. 

Dycom’s $275-Million Acquisition

Dycom also signed a definitive agreement to acquire National Technology Integrators for $275 million. National Technology Integrators is a Maryland-based low-voltage engineering and construction company. The deal is expected to close before the end of Dycom’s second fiscal quarter.

How Did Retail Investors React To DY Stock?

Retail sentiment on Stocktwits for Dycom climbed to “extremely bullish” from “bearish” over the past 24 hours, while message volumes was at “extremely high” levels.

DY stock is up nearly 59% year-to-date and over 140% in the past 12 months.

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