Dycom Industries, Inc. reported significant financial growth for the fiscal year ending January 31, 2026, with total contract revenues reaching $5.546 billion, a 17.9% increase from $4.702 billion in the previous fiscal year. The company’s net income also rose to $281.2 million, compared to $233.4 million in fiscal 2025, reflecting a 20.5% increase. This growth was bolstered by the acquisition of Power Solutions, LLC, which contributed $563.8 million to revenues during the fiscal year. Excluding the impact of acquisitions, organic revenue growth was driven primarily by increased fiber-to-the-home deployments and rural fiber deployment programs.
The company’s operational structure underwent a significant change with the introduction of a new reportable segment, Building Systems, following the Power Solutions acquisition. This segment specializes in providing comprehensive building infrastructure solutions, including electrical and fire safety systems for data centers. The Communications segment, which remains the larger of the two, generated $5.450 billion in revenues, up 15.9% from the previous year. The Building Systems segment contributed $95.8 million in its first year of reporting.
Dycom's total backlog as of January 31, 2026, was $9.542 billion, a notable increase from $7.759 billion the previous year. This backlog includes $8.334 billion from the Communications segment and $1.208 billion from Building Systems, indicating strong future revenue potential. The company employed approximately 19,556 individuals as of the end of the fiscal year, reflecting its commitment to maintaining a skilled workforce to support its expanding operations.
The company’s financial outlook remains positive, with expectations for continued growth driven by increasing demand for digital infrastructure and telecommunications services. Dycom plans to invest between $210 million and $220 million in capital expenditures for fiscal 2027 to support growth opportunities and replace certain fleet assets. The company also maintains a strong liquidity position, with cash and equivalents totaling $709.2 million as of January 31, 2026, and no outstanding borrowings under its revolving credit facility, providing a solid foundation for future investments and operational needs.
About DYCOM INDUSTRIES INC
Dycom Industries, Inc. provides specialty contracting services for telecommunications and utility infrastructure across the U.S.. Its core offerings include engineering, construction, maintenance, and installation of fiber, copper, and wireless networks, serving telecom providers, utilities, and other clients. With a broad geographic presence and skilled workforce, Dycom leverages long-term contracts and industry expertise to support network expansion, upgrades, and maintenance.
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