Daktronics (NASDAQ:DAKT) Posts Earnings Results, Beats Expectations By $0.07 EPS

Daktronics (NASDAQ:DAKT) released its earnings results on Wednesday. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07, FiscalAI reports. Daktronics had a return on equity of 17.62% and a net margin of 5.41%.The firm had revenue of $208.61 million during the quarter, compared to analyst estimates of $205.27 million. During the same period in the prior year, the firm posted ($0.19) earnings per share.

Here are the key takeaways from Daktronics’ conference call:

• Management said fiscal 2026 was a record year, with revenue up 10.9% to $839 million, record orders, and adjusted EPS up 25% to $1.05. Operating margin also expanded 290 basis points to 7.3% as pricing and efficiency actions took hold.
• The company enters fiscal 2027 with a $356 million backlog and said the pipeline remains robust across live events, transportation, high school, commercial, and international markets. Management said this positions Daktronics to keep progressing toward its fiscal 2028 targets.
• Live events remained a standout, with wins across Major League Baseball, college sports, and major venue technology partnerships, including Grass Valley and the new Camino 8 platform. Management sees these products as expanding software and services opportunities and improving competitive differentiation.
• The company is ramping a new Mexico manufacturing facility, which is expected to begin production in July 2026 and ship first products in Q2. Management said the facility should improve supply chain flexibility and ultimately support margins, though it may not benefit earnings immediately.
• Daktronics reaffirmed its fiscal 2028 targets for 7%-10% revenue CAGR, 10%-12% operating margin, and 17%-20% ROIC. The company also continued share repurchases, buying back about $25.5 million of stock in fiscal 2026.

Daktronics Trading Up 0.6%

Shares of DAKT opened at $19.46 on Friday. The stock has a market cap of $939.92 million, a PE ratio of 21.38, a P/E/G ratio of 0.50 and a beta of 1.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.31 and a quick ratio of 1.68. Daktronics has a 12 month low of $14.34 and a 12 month high of $28.27. The stock’s 50-day moving average is $19.87 and its two-hundred day moving average is $21.09.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Daktronics from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Wall Street Zen raised shares of Daktronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Roth Mkm initiated coverage on Daktronics in a research report on Wednesday, June 10th. They issued a “buy” rating and a $26.00 target price on the stock. Finally, Zacks Research upgraded Daktronics from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Daktronics presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Trending Headlines about Daktronics

Here are the key news stories impacting Daktronics this week:

• Positive Sentiment: Daktronics beat quarterly estimates with EPS of $0.27 versus $0.20 expected, and revenue of $208.6 million topped estimates, helping support the stock. Daktronics earnings report
• Positive Sentiment: The company posted record fiscal 2026 net sales of $838.7 million and record orders of $860.8 million, signaling sustained demand across its business lines. Daktronics full-year results press release
• Positive Sentiment: Profitability improved sharply, with Q4 adjusted EPS up 50% year over year, operating margin expanding to 6.8%, and the company swinging to a quarterly profit from a loss last year. Daktronics earnings call highlights
• Positive Sentiment: Management reaffirmed long-term targets for 7%–10% revenue CAGR and 10%–12% operating margin, while highlighting a $356.2 million backlog and plans to ramp Mexico production, which suggests continued execution ahead. Daktronics strategic update
• Neutral Sentiment: Short-interest data showed 0 shares reported, so it does not provide a meaningful trading signal in either direction.
• Neutral Sentiment: Analyst commentary and earnings-call coverage were broadly upbeat, but these items are secondary to the actual earnings beat and outlook.

Institutional Trading of Daktronics

Several large investors have recently bought and sold shares of the company. Duquesne Family Office LLC boosted its stake in shares of Daktronics by 0.3% in the second quarter. Duquesne Family Office LLC now owns 3,076,224 shares of the technology company’s stock valued at $46,513,000 after purchasing an additional 8,599 shares during the period. Progeny 3 Inc. lifted its holdings in Daktronics by 3.6% in the 3rd quarter. Progeny 3 Inc. now owns 2,746,408 shares of the technology company’s stock worth $57,455,000 after buying an additional 96,371 shares in the last quarter. Renaissance Technologies LLC boosted its position in Daktronics by 28.9% in the 4th quarter. Renaissance Technologies LLC now owns 727,461 shares of the technology company’s stock valued at $14,382,000 after buying an additional 163,048 shares during the last quarter. Invesco Ltd. grew its stake in shares of Daktronics by 399.2% during the second quarter. Invesco Ltd. now owns 510,243 shares of the technology company’s stock valued at $7,715,000 after acquiring an additional 408,037 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Daktronics by 0.4% during the fourth quarter. LPL Financial LLC now owns 421,989 shares of the technology company’s stock worth $8,343,000 after acquiring an additional 1,669 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company’s stock.

Daktronics Company Profile

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.