$DY

DYCOM INDUSTRIES INC (DY) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. dy-20260804 0000067215 false 0000067215 2026-08-04 2026-08-04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): A

Dycom Industries (NYSE:DY) said fiber and data center demand is supporting backlog. Management expects BEAD-related revenue to be limited this year, with activity ramping in 2027 and becoming more significant by 2028, citing a ~$17B addressable market. Dycom expects Power Solutions growth up to 35% and is pursuing acquisitions while keeping net leverage near 2x.

After Iran’s missile attack near the Strait of Hormuz, oil prices rose (Brent toward $75, WTI around $71) and investors revived inflation and rate concerns. The Industrial Select Sector SPDR (XLI) fell ~2%; United Airlines dropped >3%. WESCO (WCC), Kadant (KAI), and Dycom (DY) each fell ~4.3%. Dycom Q2 contract revenue was $1.38B vs $1.41B estimates; adjusted EBITDA $205.5M beat; Q3 revenue guidance $1.41B vs $1.46B.

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.”

Dycom Industries said it will acquire National Technology Integrators for $275 million, expanding low-voltage inside-plant structured cabling work for data centers. In its latest quarter, non-GAAP adjusted EPS rose 84.9% to $4.42, beating a $2.73 estimate, with backlog up 46.5% to a record $11.91 billion. Dycom raised fiscal 2027 contract revenue guidance to $7.38–$7.65 billion.

The article highlights Snowflake (SNOW) after it raised its full-year revenue forecast in its quarterly report, citing stronger demand for AI workloads and cloud migrations. It also notes Dycom (DY) Q1 non-GAAP EPS of $4.42 on $1.96B revenue (+55.6% Y/Y) and a backlog of $11.906B (+46.5%), plus Salesforce (CRM) Q1 non-GAAP EPS $3.88 and revenue $11.13B (+13.2% Y/Y) and a plan to repurchase up to $25B.

Stocks ended mixed as markets weighed conflicting US-Iran signals. The IEA said global oil inventories fell about 4 million bpd in March-April and remain “severely undersupplied” until October even if conflict ends next month; Goldman estimates nearly 500 million bbl drawn from crude stocks. S&P 500 Q1 earnings beat rates were 83% (of 475 firms). WTI fell over 5%, lifting airlines while energy stocks declined.

Markets were mixed as investors awaited fresh Iran-related developments and priced a 2% chance of a -25 bp FOMC cut at the June 16-17 meeting. Earnings were supportive: 83% of 475 S&P 500 Q1 reporters beat estimates; Q1 S&P 500 earnings are projected up 12% y/y (about +3% excluding tech, weakest in two years). WTI fell over 3%, lifting airlines while weighing energy stocks.

Markets priced a 3% chance of a -25 bp Fed rate cut at the June 16-17 FOMC, while 10-year Treasury yields fell to 4.477% after WTI dropped over 4%. S&P 500 Q1 results: 83% of 475 companies beat estimates; earnings projected +12% y/y (ex-tech +3%). Movers: Zscaler -27% on Q4 revenue guidance; Dycom +29%, Bath & Body Works +15%, MGM +7% on upgrades.