Dycom Industries (DY) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended August 1, 2026 and Dycom published the results on August 26, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Dycom reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Non-GAAP adjusted diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Dycom's fiscal year ends on the last Saturday in January. Q2 fiscal 2027 is the quarter ended August 1, 2026. Fiscal 2026 had 53 weeks, with the extra week in its fourth quarter.
• Building Systems did not exist a year ago. It holds Power Solutions, acquired in the fourth quarter of fiscal 2026, and National Technology Integrators, acquired in Q2 fiscal 2027, so all of its revenue counts as acquired.
• Since the fourth quarter of fiscal 2026, Dycom's adjusted net income excludes amortization of intangible assets. The year-ago adjusted EPS of $3.64 is restated on that basis.

Source: Dycom Q2 fiscal 2027 results, August 26, 2026. Also in the Form 10-Q for the quarter ended August 1, 2026. Figures as reported; checked against the release on November 10, 2026.

How Dycom splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Dycom's Communications revenue was $1.6 billion in Q2 fiscal 2027, up 17% from $1.4 billion in Q2 fiscal 2026, 80% of total revenue.
• Dycom's Building Systems revenue was $398 million in Q2 fiscal 2027, 20% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first two lines are Dycom's outlook for the quarter ending October 31, 2026; the last two are for the fiscal year ending January 30, 2027.

In its Q2 fiscal 2027 release, Dycom said:

“Contract revenues $1.90 billion to $1.98 billion”

“Non-GAAP Adjusted Diluted EPS (excluding amortization expense) $4.33 to $4.79”

“Contract revenues $7.48 billion to $7.66 billion”

“In Communications, total contract revenues now reflects the deferral of approximately $150 million of wireless program revenues into fiscal 2028.”

Source: Dycom Q2 fiscal 2027 release, Aug 26, 2026.

This is the company's own guidance as of Aug 26, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the DY forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP contract revenues and diluted EPS, each as first reported in that quarter's release. Q4 fiscal 2026 was a 14-week quarter and the first to include Power Solutions.

Dycom's next report is expected around November 25, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Aug 26, 2026

Dycom's Q2 fiscal 2027 contract revenues were $2,005.9 million, up 45.6% from $1,377.9 million. Organic growth was 16.7%. The rest came from businesses Dycom did not own a year earlier, which make up its Building Systems segment: Power Solutions, acquired in the fourth quarter of fiscal 2026, and National Technology Integrators, acquired in Q2 fiscal 2027. (Dycom Q2 fiscal 2027 release, Aug 26, 2026; Dycom Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

Communications, Dycom's telecommunications infrastructure contracting business, had contract revenues of $1,608.4 million, 80.2% of the total and all of it organic. Dycom attributed the growth primarily to growth in fiber-to-the-home programs, increased long-haul and middle-mile fiber infrastructure builds, and growing maintenance and operations services. (Dycom Q2 fiscal 2027 release, Aug 26, 2026; Dycom Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

Building Systems contributed $397.5 million, 19.8% of the total. It provides electrical, energy management, inside-plant structured cabling, and audio-visual, security and fire safety systems for data centers and other critical facilities. National Technology Integrators contributed approximately $22.9 million of revenue in the quarter; Dycom valued the purchase at $275.0 million at signing. (Dycom Q2 fiscal 2027 release, Aug 26, 2026; Dycom Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

Dycom calls its customer base highly concentrated. AT&T accounted for $403.5 million, or 20.1% of contract revenues, against 27.1% a year earlier, Verizon for $209.4 million (10.4%) and Lumen for $105.3 million (5.3%). AT&T's total now includes the mass markets fiber business it bought from Lumen on February 2, 2026, and Verizon's includes Frontier, acquired on January 20, 2026. (Dycom Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

Dycom's GAAP diluted EPS rose 14.4% to $3.81, while Non-GAAP adjusted diluted EPS rose 45.3% to $5.29. The only adjustment is amortization of intangible assets, $60.5 million in the quarter against $11.9 million a year earlier, which rose with the acquired businesses; net of tax it added $1.49 per share. (Dycom Q2 fiscal 2027 release, Aug 26, 2026; Dycom Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

Interest expense, net rose to $38.0 million from $15.6 million on higher outstanding borrowings. The effective income tax rate was 24.9%, against 25.7%, and results include $3.6 million, or $0.12 per share, of income tax benefits from the vesting and exercise of share-based awards. (Dycom Q2 fiscal 2027 release, Aug 26, 2026; Dycom Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

Diluted shares rose to 30,363,819 from 29,242,455. Dycom issued 95,550 shares as part of the National Technology Integrators purchase and repurchased 100,000 shares in the first half of fiscal 2027. (Dycom Q2 fiscal 2027 release, Aug 26, 2026; Dycom Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Dycom gives a quarterly and a full-year outlook in its release. For Q3 fiscal 2027, the quarter ending October 31, 2026, it expects contract revenues of $1.90 billion to $1.98 billion, Non-GAAP adjusted EBITDA of $281 million to $302 million and adjusted diluted EPS (excluding amortization expense) of $4.33 to $4.79. (Dycom Q2 fiscal 2027 release, Aug 26, 2026)

Dycom raised its fiscal 2027 contract revenue outlook to $7.48 billion to $7.66 billion: Communications $5.90 billion to $6.01 billion, after deferring approximately $150 million of wireless program revenues into fiscal 2028, and Building Systems $1.58 billion to $1.65 billion. It expects a slight decline in the Communications adjusted EBITDA margin for the year and a Building Systems margin in the high-teens to low-twenties for the rest of fiscal 2027. (Dycom Q2 fiscal 2027 release, Aug 26, 2026)

A consensus figure is the average of the models published by the analysts who cover Dycom, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Dycom's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning DY is on is DY a buy or a sell?, what analysts expect next is on the DY forecast, and what the company does is on the Dycom Industries (DY) stock page.

Every number on this page can be traced to a document Dycom published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.