Question · Q3 2026
Eric Lupco inquired about the concentration and fragmentation of the data center contracting space, potential for future M&A, and whether any BEAD awards have entered Dycom's backlog, given the expected Q2 revenue contributions.
Answer
President and CEO Dan Peyovich stated that the data center contracting space remains fragmented, with few contractors covering multiple markets, presenting opportunities for both organic growth and M&A. Regarding BEAD, he confirmed that Dycom has over $500 million in verbal awards but none yet in backlog, anticipating these to convert as funding flows, aligning with the Q2 revenue start.
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