DYCOM INDUSTRIES INC (DY) FY2026 10-K Annual Report
DYCOM INDUSTRIES INC (DY) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Mar 9, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
DYCOM INDUSTRIES INC FY2026 10-K Analysis
Business Overview
- • Core business model not detailed in provided section; focus on executive compensation and governance disclosures
- • New Unit Purchase Agreement dated November 18, 2025, involving Project Eastern Shore, LLC and Power Solutions, LLC
- • Latest credit facility amendment: Third Amended and Restated Credit Agreement dated December 23, 2025, replacing prior agreements
- • Multiple updated employment agreements for executives during fiscal 2026 with amendments through October 2024 to February 2025
- • Extensive incorporation by reference of prior SEC filings for corporate governance, compensation, and equity incentive plans
Management Discussion & Analysis
- • No revenue or profitability figures disclosed in provided MD&A section
- • No segment financial performance data or margin percentages provided
- • No cash flow, capital allocation, buybacks, dividends, or capex information included
- • Management discusses regulatory risks: environmental, OSHA workplace safety, business licensing compliance
- • Leadership changes noted, but no forward-looking guidance or risk disclosure beyond regulatory compliance risks
Risk Factors
- • Regulatory risk from state and federal funding changes impacting customer capital budgets for digital infrastructure and utilities projects
- • Macroeconomic risk from concentration, with AT&T accounting for 25.4% of revenues in fiscal 2026 after acquiring Lumen fiber assets
- • Supply chain risk tied to reliance on labor, tools, and equipment for specialty contracting services across telecommunications and utilities industries
- • Competitive risk from large telecom providers like Verizon (14.0% of revenue) potentially insourcing services or awarding work to others despite existing agreements
- • Financial risk from $1.95 billion acquisition of Power Solutions funded by $1.64 billion cash, $351 million stock, and $64.8 million assumed debt
DYCOM INDUSTRIES INC FY2026 Key Financial MetricsXBRL
Revenue
$5.5B
▲ +17.9% YoY
Net Income
$281M
▲ +20.5% YoY
Net Margin
5.1%
▲ +11bp YoY
ROE
15.1%
▼ -371bp YoY
Total Assets
$6.0B
▲ +103.0% YoY
EPS (Diluted)
$9.56
▲ +20.7% YoY
Operating Cash Flow
$643M
▲ +84.0% YoY
Source: XBRL data from DYCOM INDUSTRIES INC FY2026 10-K filing on SEC EDGAR. All figures in USD.
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