Core Viewpoint - Dycom Industries has reported strong third-quarter fiscal 2026 results, with both earnings and revenues exceeding estimates and showing year-over-year growth [2][3]. Financial Performance - Adjusted earnings per share (EPS) reached $3.63, surpassing the Zacks Consensus Estimate of $3.15 by 15.2% and increasing 35.4% from $2.68 year over year [5]. - Contract revenues totaled $1.45 billion, exceeding the consensus mark of $1.40 billion by 3.7% and rising 14.1% year over year, with a 7.2% organic growth [5]. - Adjusted EBITDA increased by 28.5% to $219.4 million, with an adjusted EBITDA margin of 15.1%, expanding 170 basis points from the previous year [6]. Backlog and Future Outlook - The company ended the fiscal third quarter with a record backlog of $8.22 billion, with $4.99 billion projected to be completed in the next 12 months [6]. - Dycom anticipates significant growth through calendar 2027, aiming to capture a projected $20 billion market in outside-plant data center network construction over the next five years [4]. Acquisition - Dycom announced the acquisition of Power Solutions for $1.95 billion, enhancing its position in the digital and AI infrastructure market and adding over 2,800 skilled employees [8][9]. Guidance and Estimates - For the fiscal fourth quarter, Dycom expects contract revenues between $1.26 billion and $1.34 billion, with adjusted EBITDA projected between $140 million and $155 million [11]. - The company has raised its fiscal 2026 revenue guidance to a range of $5.350 billion to $5.425 billion, reflecting a year-over-year increase of 13.8% to 15.4% [12]. - Since the earnings release, the consensus estimate has shifted upward by 24.34% [13]. Stock Performance and Ratings - Dycom Industries has a Zacks Rank of 1 (Strong Buy), indicating expectations for above-average returns in the coming months [15].