Dycom Reports Record Q2 Revenue of $2.006 Billion

Dycom Industries (NYSE: DY) reported record fiscal 2027 second-quarter contract revenue of $2.006 billion, up 45.6% from a year earlier, and net income of $115.6 million for the quarter ended August 1, 2026. Diluted earnings per common share were $3.81, compared with $3.33 in the prior-year quarter.

The company raised its fiscal 2027 revenue outlook to a range of $7.48 billion to $7.66 billion and completed its acquisition of National Technology Integrators during the quarter.

• GAAP contract revenue was $2.006 billion; organic contract revenue growth was 16.7%.
• Six-month GAAP contract revenue totaled $3.971 billion, while net income was $206.9 million.
• Total backlog reached $12.242 billion, up 53.2% from a year earlier.
• National Technology Integrators contributed approximately $22.9 million of revenue during the quarter.
• Third-quarter fiscal 2027 contract revenue is projected at $1.90 billion to $1.98 billion.

$DY Hedge Fund Activity

We have seen 344 institutional investors add shares of $DY stock to their portfolio, and 283 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• BLACKROCK, INC. removed 870,223 shares (-22.5%) from their portfolio in Q2 2026, for an estimated $439,976,046
• SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 346,896 shares (+inf%) to their portfolio in Q2 2026, for an estimated $175,387,148
• PECONIC PARTNERS LLC added 330,000 shares (+8.0%) to their portfolio in Q2 2026, for an estimated $166,844,700
• PRICE T ROWE ASSOCIATES INC /MD/ removed 303,247 shares (-81.1%) from their portfolio in Q2 2026, for an estimated $153,318,650
• NORGES BANK added 225,834 shares (+394.7%) to their portfolio in Q2 2026, for an estimated $114,179,412
• JANE STREET GROUP, LLC added 223,392 shares (+13588.3%) to their portfolio in Q2 2026, for an estimated $112,944,761
• JPMORGAN CHASE & CO added 218,833 shares (+inf%) to their portfolio in Q2 2026, for an estimated $110,639,776

To track hedge funds’ stock portfolios, check out Quiver Quantitative’s institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.