Why Is Dycom Stock (DY) Up Today?

Dycom shares jumped after posting stronger-than-expected fiscal Q1 2027 results. The specialty contractor reported adjusted earnings of $4.42 per share, beating the $2.72 consensus, with revenue of $1.96 billion, above the $1.67 billion estimate. Year-over-year, revenue rose about 56% from $1.26 billion. Backlog reached a record $11.91 billion, up from $8.12 billion a year earlier. CEO Dan Peyovich attributed the strength to robust demand for fiber infrastructure and data centers. In premarket trading, DY stock surged roughly 23.6% on the results, and guidance raised total contract revenue to $7.38-$7.65 billion for fiscal 2027.