Adam Thalhimer

Alexander Waters

Frank Louthan

Sangita Jain

Eric Luebchow

Steven Fisher

Alan Mitrani

Richard Choe

Avinatan Jaroslawicz

Brent Thielman

Gene Ramirez

Jean Paul Ramirez

Laura Maher

Liam Burke

Min Chung Cho

- Dycom Industries is a **premier digital infrastructure solutions provider** across all 50 states, with a current year (2025) revenue outlook of approximately **$5.3 billion**, up from $3.1 billion four years prior.  **[67215_2138751_0]** **[67215_2138751_2]** 
- The company sees **significant growth opportunities** in fiber-to-the-home builds, with customers committing to **125 million passings** out of 145 million total homes, and in the AI data center space, which represents a **$20 billion opportunity** for Dycom's workstreams over the next five years.  **[67215_2138751_1]** **[67215_2138751_4]** **[67215_2138751_9]** 
- Over **50% of Dycom's business is recurring service and maintenance revenue**, providing a stable foundation.  **[67215_2138751_3]**  The company anticipates **BEAD program revenue in Q2 of next year (2026)**, with approximately **two-thirds of the 34 states' announced sub-grantees being fiber or HSE**.  **[67215_2138751_8]** 
- Dycom is actively focused on its **labor strategy** to support continued growth and is **aggressively pursuing M&A** opportunities that align with its strategic goals.  **[67215_2138751_2]** **[67215_2138751_10]**

Dycom Industries Discusses Growth Opportunities and Strategic Initiatives

- Dycom Industries, a digital infrastructure solutions provider, anticipates a **$20 billion opportunity** in the next five years from workstreams related to AI-driven fiber infrastructure and data center connectivity, including "inside the fence" campus work.  **[67215_2139023_4]** **[67215_2139023_6]** 
- The company expects to see revenue from the BEAD program starting in the **second quarter of next year** (Q2 2026), with approximately **two-thirds of announced sub-grantees' address locations being fiber or HSE**, representing about **75% of the dollars**.  **[67215_2139023_8]** 
- Dycom reported strong Q2 performance with **revenue growth over 14.5%** and **margin growth of 175 basis points**, and continues to see opportunities for further margin and cash flow improvements.  **[67215_2139023_9]** **[67215_2139023_10]** 
- The company is **aggressively pursuing M&A opportunities** that align with its strategy and culture, aiming for long-term shareholder returns, while also prioritizing investments in labor and equipment to support organic growth.  **[67215_2139023_10]**

Dycom Industries Discusses Growth Opportunities in Fiber, AI, and BEAD Programs

- Dycom Industries is a premier digital infrastructure solutions provider operating across all **50 states**, offering engineering, construction, service, and maintenance for wireline and wireless telecommunication services, including long-haul and middle-mile networks for hyperscalers.  **[67215_2138859_0]** 
- The company projects its revenue for **this year** (2025) to be approximately **$5.3 billion**, a substantial increase from **$3.1 billion four years ago**.  **[67215_2138859_2]** **[67215_2138859_9]** 
- Dycom identifies significant growth opportunities, including a **$20 billion** market opportunity in the AI/data center space over the next **five years**.  **[67215_2138859_4]**  The service and maintenance business, which constitutes **over 50%** of its revenue, provides a strong recurring foundation.  **[67215_2138859_3]** 
- Revenue from the BEAD program is anticipated to begin in **Q2 of next year** (2026), with an estimated **60-70%** of the program being fiber-related.  **[67215_2138859_8]**  Dycom is also actively pursuing M&A opportunities to further its growth strategy.  **[67215_2138859_10]**

Dycom Industries Discusses Growth Opportunities and Strategic Focus at Goldman Sachs Conference

- Dycom Industries projects current year revenue of approximately **$5.3 billion**, a significant increase from **$3.1 billion** four years prior, demonstrating considerable growth.  **[67215_2138824_2]** 
- The company identifies key growth drivers in **fiber-to-the-home builds**, targeting **125 million** homes, and the **AI/data center sector**, which represents a **$20 billion** opportunity in their workstreams over the next five years.  **[67215_2138824_1]** **[67215_2138824_4]** 
- **Service and maintenance** constitutes over **50%** of Dycom's business, providing a stable, recurring revenue base, as new fiber installations generate future maintenance requirements.  **[67215_2138824_3]** 
- Dycom anticipates revenue generation from the **BEAD program** starting in **Q2 of next year** (2026), with fiber-related projects accounting for about **75% of the allocated funds** in currently awarded states.  **[67215_2138824_8]** 
- Management is focused on continued improvements in **margins and cash flow**, and is actively exploring **M&A opportunities** to further its strategic growth.  **[67215_2138824_10]**

Dycom Industries Discusses Growth in Fiber and AI Infrastructure

- Dycom sees a **$20 billion total addressable market (TAM)** over the next five years for hyperscaler long-haul and middle-mile builds, with significant revenue opportunities expected to begin in **2027** and continue for **10+ years**.  **[67215_tx_380169_3]** **[67215_tx_380169_5]** 
- The company anticipates significant opportunities from the Broadband Equity, Access, and Deployment (BEAD) program, which is not included in its current outlook, with a potential addressable market of **$20-30 billion** and revenue opportunities as early as **Q2 next year**.  **[67215_tx_380169_9]** **[67215_tx_380169_8]** 
- Service and maintenance work consistently represents **more than half of Dycom's business**, providing a bedrock foundation of recurring revenue, with the utility locating business specifically accounting for approximately **6% to 7% of revenue**.  **[67215_tx_380169_2]** 
- Dycom achieved **record revenues and record EBITDA** in Q2, indicating strong recent performance and confidence in capitalizing on significant growth opportunities ahead.  **[67215_tx_380169_15]**

Dycom Industries Discusses Market Opportunities and Business Strategy at BofA Conference

DYCOM INDUSTRIES (DY)