Dycom Industries Inc. is set to release its fiscal second-quarter results before the market open on Wednesday, with analysts projecting a 41% year-over-year increase in earnings per share to $4.70 and a 43% rise in revenue to $1.98 billion.
The Palm Beach Gardens, Florida-based company, which provides specialty contracting services to telecom and utility sectors, has expanded into electrical contracting for data centers—a segment benefiting from surging AI infrastructure demand. Estimates have edged down 0.68% over the past 60 days for EPS, while revenue projections remain largely unchanged.
Dycom’s stock closed Monday at $380.95, giving it a market capitalization of $11.4 billion and a forward P/E ratio of 22.91. All 11 analysts covering the stock maintain Buy ratings, with a consensus price target of $637, implying a 67% upside from current levels. Long-term EPS growth is projected at nearly 74%.
The company’s prior quarter results, reported in late May, exceeded expectations: adjusted EPS of $4.42 beat the $2.72 consensus by 62.5%, while revenue of $1.96 billion topped forecasts by 17.4%. Gross profit margin stood at 20.46%, and operating income rose 39% year-over-year.
The data center market’s expansion is a key driver for Dycom. UBS analyst Steven Fisher estimates a $20 billion five-year opportunity for contractors, citing AI-focused facilities requiring roughly 36 times more fiber than traditional CPU-based centers. Dycom’s November 2025 acquisition of Power Solutions, an electrical contractor serving data centers in the Mid-Atlantic region, for $1.95 billion further underscores its strategic positioning in the sector.
