Dycom Industries, Inc. published the transcript of its fiscal 2026 fourth-quarter and full-year results conference call held March 4, 2026. The call was attended by Dycom executives including Daniel S. Peyovich, President and Chief Executive Officer; H. Andrew DeFerrari, Senior Vice President and Chief Financial Officer; and Callie A. Tomasso, Vice President, Investor Relations and Corporate Communications, along with analysts from firms including KeyBanc, Wells Fargo, Guggenheim, Raymond James, Vertical Research Partners, UBS, JPMorgan, Thompson Davis, and B. Riley. Management highlighted record results, a larger backlog, the integration of the recently acquired Power Solutions business, and fiscal 2027 guidance. Peyovich said, “Dycom’s fourth-quarter results are an excellent finish to a record year as we set new benchmarks across nearly every financial metric we track,” adding that the Power Solutions acquisition “positions us squarely at the intersection of digital infrastructure and the burgeoning data center market.” For Q4, Dycom reported record revenue of $1.46 billion and adjusted EBITDA margin of 11.1%; for the full year, revenue reached a record $5.55 billion with adjusted EBITDA margin of 13.3% and free cash flow of $435.3 million. The company ended the year with record total backlog of $9.5 billion, with $6.3 billion expected to be completed over the next 12 months. The company introduced new segment reporting: Communications and Building Systems (including Power Solutions since the December 23, 2025 close). DeFerrari said, “We delivered record annual results in fiscal 2026 with strong revenue growth, significant margin expansion and robust free cash flow,” and outlined fiscal 2027 revenue guidance of $6.85 billion to $7.15 billion, including Communications revenue of $5.70 billion to $5.90 billion and Building Systems revenue of $1.15 billion to $1.25 billion. Management also discussed demand drivers including FTTH deployments, data center/hyperscaler activity, long-haul and middle-mile fiber opportunities, BEAD program timing (with initial revenue opportunities expected in Q2 and larger momentum in calendar 2027), and a projected roughly $100 million decline in wireless equipment replacement revenue in fiscal 2027 as that program transitions. The full transcript can be accessed through the link below.

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