Dycom Industries: Fiber Provides Growth Path For Next Decade

Dycom Industries (DY) is positioned for robust, multi-year growth driven by accelerating fiber-to-the-home (FTTH), long-haul, and middle-mile deployments. DY forecasts FY 2027 revenues of $6.85–$7.15 billion, a 27% YoY increase, with continued adjusted EBITDA margin expansion expected. Customer concentration risk is elevated, as AT&T and Verizon together account for roughly 36% of revenue, posing significant downside if lost.