OpinionDY
DY's earnings are the moment its $11.9 billion backlog has to pay off
Dycom has a record $12.242 billion backlog and raised FY2027 revenue guidance, but the market is demanding cleaner margin conversion. With Communications margin down to 13.6% and $150 million of wireless revenue shifted into FY2028, DY remains a prove-it setup rather than a clean dip buy.
Aug 27, 20264 MIN