Dycom completes Power Solutions acquisition, Q1 revenue surges 56% to $1.96B

Filed May 28, 2026 · Period ending May 2, 2026 · ~2 min read

Key Changes

• high

  Acquired Power Solutions for $2.0B in Q4 FY2026, creating new Building Systems segment focused on data center electrical infrastructure in DC/Maryland/Virginia. Funded via $1.6B cash, $351M stock issuance, and $65M assumed debt.

  MD&A: Power Solutions acquisition verify on EDGAR →
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  Q1 FY2027 revenue reached $1.97B, up 56% year-over-year. Organic growth (excluding acquisition) was 25% driven by fiber-to-the-home deployments. Net income rose 50% to $91.3M despite integration costs.

  MD&A: Q1 FY2027 financial results verify on EDGAR →
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  Total backlog grew 25% to $11.9B from $9.5B at fiscal year-end, with $6.4B (54%) expected to convert to revenue over next twelve months, providing strong near-term visibility.

  MD&A: backlog growth verify on EDGAR →