Overview

* Dycom fiscal Q3 contract revenues rise 14.1% yr/yr to $1.452 bln

* GAAP diluted EPS for fiscal Q3 increases 35.4% to $3.63

* Company reports record backlog of $8.2 bln as of October 25, 2025

Outlook

* Company raises fiscal 2026 revenue outlook midpoint to $5.350 bln - $5.425 bln

* Dycom expects Q4 fiscal 2026 revenue between $1.26 bln and $1.34 bln

* Company forecasts Q4 fiscal 2026 EPS of $1.30 to $1.65

Result Drivers

* TELECOM AND INFRASTRUCTURE DEMAND - Co attributes strong Q3 results to increased demand for telecommunications and digital infrastructure

* ACQUISITIONS BOOST REVENUE - Contract revenues from acquired businesses contributed significantly to Q3 growth

* RECORD BACKLOG - Co reports record backlog of $8.2 bln, indicating strong future demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $1.45

Contract bln

Revenue

Q3 EPS $3.63

Q3 Net $106.37

Income mln

Q3 $219.40

Adjusted mln

EBITDA

Q3 $140.26

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for Dycom Industries Inc ( DY ) is $312.50, about 5.2% above its November 18 closing price of $296.20

* The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)