What Dycom Industries does

Dycom Industries, Inc. (NYSE: DY) is a U.S. specialty contracting services provider founded in 1969 and headquartered in West Palm Beach, Florida. It supplies outsourced engineering, construction, maintenance, locating, fulfillment, and program management services to telecommunications carriers, electric and gas utilities, and — following the 2025 acquisition of Power Solutions — hyperscale data center operators. The company operates through approximately 38 wholly-owned subsidiaries running hundreds of field offices across all 50 states, deploying a workforce of more than 20,000 craft and technical personnel under a "Scale is Local™" operating model. Service lines cover the full telecom infrastructure lifecycle: wireline (aerial/underground fiber, FTTx, coaxial, copper), wireless (4G/5G macro and small cells, DAS, Open RAN), underground facility locating, network engineering and design using in-house geospatial tools, in-home broadband fulfillment, and ongoing maintenance and storm restoration.

Dycom monetizes almost exclusively through negotiated B2B professional services contracts — unit pricing is not publicly disclosed because each engagement is bid on scope, geography, and duration. Revenue is project-based but has a strong recurring component because installed networks require ongoing maintenance, capacity upgrades, and outage restoration. The customer mix is anchored by large telecom carriers (AT&T, Lumen Technologies are named logos) and increasingly by hyperscalers via the Power Solutions platform, which derives approximately 90% of its revenue from data center electrical work concentrated in the Mid-Atlantic. The company augments its workforce with proprietary operational systems, including the Headway® safety program, the RIGHTWAY™ quality management framework, an internally developed DVIR telematics application, a Root Cause Analysis tool, and geospatial engineering platforms; these are sold to no third party but underpin consistent field execution.

Dycom's near-term growth is driven by three converging capex cycles: (1) fiber-to-the-home buildouts funded by BEAD and carrier capex, (2) 5G and Open RAN modernization, and (3) AI-driven hyperscaler data center construction, the last of which is the focus of its largest recent acquisitions. Capital deployment has been aggressive: Power Solutions closed in December 2025 for approximately $1.63 billion (originally announced at $1.95 billion) and National Technology Integrators was announced in May 2026 for $275 million, alongside an $800 million Term Loan B facility. Leadership transitioned in March 2026 after CEO Steven Nielsen's departure to Centuri Holdings, with Daniel Peyovich elevated to President and CEO, James Bo Gresham named the company's first Chief Revenue Officer, Regina Salazar appointed as Chief Information and Digital Officer, and Raejeanne Skillern added to the board.

Name

Dycom Industries

Legal name

Dycom Industries, Inc.

Website

https://dycomind.com

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Dycom Industries is a U.S. specialty contracting services provider that delivers engineering, construction, maintenance, locating, and fulfillment services to telecommunications carriers, electric and gas utilities, and — following its Power Solutions acquisition — hyperscale data center operators, operating through roughly 38 subsidiaries with more than 20,000 employees across all 50 states.

Ownership category

akta.pro rank

Product category

Telecom & Utility Infrastructure Construction Services

NAICS

Telephone Apparatus Manufacturing (33421)

SIC

Telephone & Telegraph Apparatus (3661)

akta.pro primary industry

Data Center MEP & Commissioning (Electrical, Mechanical, BMS, Integrated Systems Testing) (IMAFAIAH)

Keywords

• Telecom construction services
• Utility infrastructure contracting
• Fiber optic network deployment
• Wireless network construction
• Data center electrical services

Headquarters

HQ city

Palm Beach Gardens

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Telecommunications Infrastructure Services: Contract revenues from providing specialty contracting services to telecommunications providers including program management, planning, engineering and design, aerial, underground, and wireless construction, maintenance, and fulfillment services. Revenue is project-based and recurring as networks require ongoing maintenance and expansion.
2. Utility Services: Construction and maintenance services for electric and gas utilities, including underground facility locating services. Revenue is contract-based for both new construction and ongoing maintenance needs.
3. Data Center Electrical Services: Electrical contracting services for data centers and other vital industries, added through the Power Solutions acquisition. This segment provides high-voltage infrastructure services for data center construction and expansion, serving hyperscalers and technology companies.
4. Fulfillment Services: Complete in-home and drop installations, as well as repair and maintenance of broadband networks including both fiber and coaxial installations with real-time completion reports.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Dycom Industries is a leading specialty contractor providing outsourced network infrastructure services to the telecommunications and utility industries. The company designs, builds, maintains, and repairs wireline and wireless networks and performs facility locating, engineering, fulfillment, project management, and data center electrical contracting for its customers. Dycom operates through 38 operating subsidiaries with more than 20,000 employees across all 50 U.S. states.

Product overview

Dycom Industries is a specialty contracting services company that operates as a platform of approximately 38 independent operating companies providing comprehensive infrastructure services to telecommunications and utility industries. The company offers an integrated portfolio of services including wireline construction (fiber/5G networks), wireless construction (4G/5G macro cells and small cells), locating, engineering, fulfillment (in-home installations), maintenance and restoration, and project management. Through its acquisition of Power Solutions, Dycom has expanded into data center electrical contracting services. With over 20,000 employees operating from hundreds of field offices across all 50 states, the company provides the skilled workforce and specialized capabilities needed for complex telecommunications and utility infrastructure projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Wireline Construction Construction and deployment of wireline networks, including fiber optic and copper cable systems, for telecommunications carriers.
• Wireless Construction Construction of wireless network infrastructure, including small cell, macro tower, and 5G deployments for telecom operators.
• Engineering Services Network design, engineering, and outside-plant planning services for telecom and utility customers.
• Facility Locating Services Underground utility locating services to identify and mark buried facilities prior to excavation.
• Fulfillment Services Last-mile installation, drop installation, and customer-premise equipment deployment for telecom operators.
• Maintenance and Restoration Ongoing maintenance, repair, and storm-restoration services for telecom and utility networks.
• Project Management End-to-end program and project management for large-scale network deployments.
• Data Center Electrical Contracting Electrical contracting services for hyperscale and enterprise data center construction projects.

Quantifiable outcome

• Record contract revenue of $5.55 billion for FY2026, up from $4.18 billion two years prior
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• National Technology Integrators (NTI)coreStrategic or Co-development Partner · 27 May 2026Dycom announced acquisition of National Technology Integrators, a low-voltage engineering and construction firm, for $275 million. Expected to close before end of Q2 FY2027. NTI will expand Dycom's data center structured cabling capabilities, adding approximately $175 million in sales at 1.5 times sales. This acquisition builds on the Power Solutions acquisition to strengthen Dycom's position in data center infrastructure services.
• Power Solutions, LLCcoreStrategic or Co-development Partner · 23 December 2025Dycom completed acquisition of Power Solutions, a major electrical contractor serving data centers in the Mid-Atlantic (Washington D.C., Maryland, Virginia region), for approximately $1.63 billion plus additional shares. The acquisition strengthens Dycom's position in digital infrastructure and is expected to be immediately accretive to earnings and free cash flow. Power Solutions generates approximately 90% of its revenue from data center projects and has annual revenue of approximately $1 billion.
• Black & VeatchminorStrategic or Co-development Partner · 22 August 2024Dycom acquired Black & Veatch's public carrier wireless telecommunications infrastructure business for $150 million in cash. The acquisition strengthens Dycom's customer base and expands geographic reach in wireless network modernization and Open RAN initiatives. Expected to contribute $250 million to $275 million in contract revenues for fiscal 2026.
• Bigham Cable Construction, Inc.minorStrategic or Co-development Partner · 23 August 2023Dycom acquired Bigham Cable Construction, a provider of telecommunications construction services in the southeastern United States. The acquisition enhances Dycom's customer base, geographic scope, and growth opportunities in rural broadband deployments.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• MasTec: MasTec is a leading infrastructure construction services provider across telecom, utility, oil & gas, and clean energy. It is the closest direct peer to Dycom in specialty telecom contracting, with substantial overlap in fiber, wireless, and 5G deployments.
• Primoris Services: Primoris provides infrastructure construction across utilities, energy, and civil markets including communications. Its Communications segment competes directly with Dycom in fiber and telecom network construction for carriers.
• MYR Group: MYR Group is a specialty electrical contractor serving commercial, industrial, and utility markets. Its overlap with Dycom is strongest in electrical contracting for data centers and utility infrastructure post-Power Solutions.
• Sterling Infrastructure: Sterling operates e-infrastructure, transportation, and building solutions segments. Its e-infrastructure business provides specialty contracting to data centers and telecom, directly comparable to Dycom's Power Solutions and wireline operations.

Broad incumbents

• Quanta Services: Quanta is the largest specialty infrastructure construction firm in North America, serving electric, gas, telecom, and renewable utility markets. It is a broader incumbent with significant telecom contracting overlap (e.g., fiber, wireless) but operates at much larger scale and diversification.
• Comfort Systems USA: Comfort Systems is a leading mechanical and electrical contractor serving commercial, industrial, and institutional customers. Its growing data center MEP work overlaps with Dycom's electrical infrastructure expansion strategy.
• EMCOR Group: EMCOR is one of the largest electrical and mechanical contractors in the U.S., with significant data center and telecom exposure. It is a broader incumbent with substantial overlap in commercial/industrial electrical contracting.
• Tutor Perini: Tutor Perini is a civil, building, and specialty contractor with exposure to large infrastructure projects. While less telecom-focused, it represents an adjacent specialty contracting comparable for execution and project management capabilities.

Emerging players

• IES Holdings: IES provides electrical and mechanical contracting for commercial, industrial, and data center markets. Its data center exposure makes it a relevant emerging comparable to Dycom's Power Solutions segment.

Regional players

• Granite Construction: Granite is a heavy civil construction contractor with limited telecom exposure but provides an infrastructure construction comparable for materials, project execution, and federal funding cycle exposure (e.g., IIJA).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/dycom-industries

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A12 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dycom Industries