DY Q2'26 Earnings: EPS estimate is 4.72 USD

Dycom Industries (DY) stock fell 5.5% in pre-market trading to $332.50 despite beating Q2 earnings and revenue estimates. The decline followed cautious Q3 guidance, with EPS midpoint below consensus. Revenue guidance met expectations. The company authorized a $150M share buyback and was added to Raymond James' Analyst Current Favorites list. The broader market had no impact, and the move was driven by company-specific factors.

Dycom (NYSE: DY) reported Q2 CY2026 revenue of $2.01B, up 45.6% YoY, beating estimates. Q3 guidance of $1.94B missed expectations. Non-GAAP EPS was $5.29, 13% above estimates. The company cited strong demand and record backlog. Management expects 33.6% YoY revenue growth in Q3. Analysts project 16.8% revenue growth over the next 12 months.

DYCOM INDUSTRIES INC (DY) filed an SEC Form 8-K — Results of Operations and Financial Condition.

Dycom Industries reported a 74.6% year-over-year increase in adjusted EBITDA to $262.5 million, with margins expanding to 13.4%. The Communications segment saw a 24.7% revenue increase, while Building Systems achieved a 17.7% EBITDA margin. The company expects further margin improvements and is pursuing strategic acquisitions. Dycom's stock has gained 28.1% year-to-date but carries a Zacks Rank #4 (Sell).

KeyBanc raised its price target on Dycom Industries (NYSE:DY) to $610 from $482 and kept an Overweight rating, citing Dycom’s fiscal Q1 2027 results and outlook. Dycom reported adjusted EPS of $4.42 (+84.9% YoY) and revenue of $1.96B (+56.1% YoY). For Q2, it expects revenue $1.94B–$2.01B and FY2027 revenue $7.38B–$7.65B.

Dycom Industries (NYSE: DY) saw multiple analyst rating and target changes in late May and June 2026. KeyCorp raised its target to $610 (overweight). UBS reaffirmed “buy” with a $611 target. JPMorgan, Wells Fargo, Cantor Fitzgerald, and others lifted targets to as high as $654, with several moving to “overweight.”