Dycom Industries Posts Record Revenue, Expands into Data Center Market with Power Solutions Acquisition
Event summary
- Dycom Industries reported fiscal 2026 fourth-quarter contract revenues of $1.458 billion, up 34.4% year-over-year, with organic growth of 16.6%.
- Annual contract revenues reached $5.546 billion, a 17.9% increase, with organic growth of 6.5%.
- Adjusted EBITDA for the quarter was $162.4 million, up 39.6%, with an adjusted EBITDA margin of 11.1%.
- Completed the acquisition of Power Solutions, LLC on December 23, 2025, expanding into the high-growth data center market.
- Total backlog increased to $9.542 billion, a 23% year-over-year increase.
The big picture
Dycom's strong financial performance and strategic acquisition of Power Solutions position it at the intersection of digital infrastructure and the fast-growing data center market. The company's focus on operational excellence and margin expansion reflects broader industry trends toward specialization in high-growth sectors. With a significant backlog and ongoing demand for its services, Dycom is well-positioned to capitalize on the increasing need for telecommunications and data center infrastructure.
What we're watching
- Integration Success
- Whether Dycom can successfully integrate Power Solutions and capitalize on the data center market's growth.
- Organic Growth
- The pace at which Dycom can sustain organic revenue growth amid increasing competition.
- Margin Expansion
- How Dycom's margin expansion will be affected by continued investment in growth and operational scaling.
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