Overview
- Daktronics posted fiscal Q1 2026 net income of $16.5 million, or $0.33 per share, swinging from a year-ago loss and topping the $0.25 EPS consensus.
- Revenue came in at $218.972 million, exceeding the $213.412 million estimate despite a 3.1% year-over-year decline.
- Orders rose 35.4% to $238.5 million and backlog reached $360.3 million, supported by strength in Live Events and High School/Park & Recreation with international demand in the Middle East and Australia.
- Gross margin improved to 29.7% and operating margin reached 10.6% as efficiency gains, value-based pricing and product mix supported profitability.
- Shares jumped 24.5% intraday to $21.70 after results, with liquidity of $136.9 million in cash versus $11.6 million in debt and 0.6 million shares repurchased for $10.7 million.