Short answer
DYCOM INDUSTRIES INC (DY) filed its fiscal 2026 10-K annual report with the SEC on Mar 9, 2026. It reported revenue of $5.5B (+17.9% year over year) and net income of $281M.
- Top risk flagged: Regulatory risk from state and federal funding changes impacting customer capital budgets for digital infrastructure and utilities projects
FY2026 key financial metrics · XBRL
- Revenue
- $5.5B
- +17.9% YoY
- Net income
- $281M
- +20.5% YoY
- EPS (diluted)
- $9.56
- +20.7% YoY
- ROE
- 15.1%
- −3.7 pp YoY
- Operating cash flow
- $643M
- +84.0% YoY
Source: XBRL data from the DYCOM INDUSTRIES INC (DY) FY2026 10-K on SEC EDGAR. USD.
DYCOM INDUSTRIES INC FY2026 10-K analysis
AI summary of each section, grounded in the filing text
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
- 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
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.