Dycom Industries Says Fiber, Data Center Demand Gives Backlog ‘Staying Power'

Dycom Industries Says Fiber, Data Center Demand Gives Backlog ‘Staying Power’ Written by MarketBeat July 12, 2026 Share Link copied to clipboard. Image from MarketBeat Media, LLC. Key Points Dycom sees lasting demand from fiber, long-haul networks and data center projects, with CEO Dan Peyovich saying the company’s nearly $12 billion backlog has “staying power” and could support growth well into the next decade. The company says the long-haul and middle-mile opportunity is expanding as customers build higher-capacity, more redundant fiber routes; Dycom expects the build cycle to remain early, with activity ramping further next year and by 2028. Data center work remains a major growth driver , especially for Dycom’s Power Solutions business, which is now mostly tied to data centers and the DMV market; management also plans to keep pursuing acquisitions while staying selective on pricing and leverage. MarketBeat previews top five stocks to own in August . Smaller Industrials Names Seeing Surging Growth: Here's Why Dycom Industries NYSE: DY Chief Executive Officer Dan Peyovich said the company is seeing broad-based demand across fiber, long-haul networks and data center-related services, arguing that the company’s recent backlog growth reflects more than a short-term cyclical upturn. Speaking with Guggenheim Securities analyst Joe Osha during a company discussion, Peyovich said Dycom’s nearly $12 billion in quarterly backlog reflects multiple demand drivers “coming in now on top of each other” and the company’s ability to supply a large skilled workforce. He said Dycom has more than 20,000 employees across the country and that customers need that workforce to execute ambitious build programs. Get Dycom Industries alerts: Sign Up Hidden Gems: 3 Quiet Stocks With Loud Potential “We think that this has a ton of staying power,” Peyovich said. “These build cycles go well into the next decade.” Long-Haul and Middle-Mile Opportunity Expands Peyovich said Dycom had previously ...