DAKTRONICS INC /SD/ (DAKT) Company Report

Ramesh Jayaraman was appointed President and Chief Executive Officer and to the Board of Directors of Daktronics, Inc., both effective February 1, 2026.
Bradley T. Wiemann stepped down from his role as Interim President and Chief Executive Officer, effective February 1, 2026, and will serve as an Advisor during a transition period.
Reece A. Kurtenbach resigned from the Board of Directors, effective February 1, 2026, and his consulting agreement, which includes a monthly consulting fee of $30,000, was extended through May 2, 2026.

4 hours ago

8-K

Daktronics provides business update and announces new CEO

DAKT

CEO Change

New Projects/Investments

Guidance Update

Brad Wiemann is the Acting CEO, with Ramesh Jayaraman set to become the new CEO on February 1st.
Daktronics reported trailing 12 months revenues of approximately $770 million through Q2 2026 (October 31st).
For Q2 2026, the company achieved adjusted net income of $17.5 million and pre-tax operating earnings of $21.6 million, with a gross profit margin of 27% and an operating margin of 9.4%.
The company aims for an overall return on invested capital of 17%-20%, a growth rate of 7%-10%, and an operating margin of 10%-12%.
A new manufacturing facility in Saltillo, Mexico, is scheduled to come online in April-May 2026, and an Investor Day will be held in early April in New York City.

Jan 22, 2026, 7:30 PM

Transcript

Daktronics Discusses Q2 2026 Results, Strategic Transformation, and Upcoming CEO Transition

DAKT

CEO Change

New Projects/Investments

Revenue Acceleration/Inflection

Daktronics reported $770 million in trailing 12 months revenue through Q2 2026 (October 31st), with Q2 2026 adjusted net income of $17.5 million and pre-tax operating income of $21.6 million. Gross profit margin for the quarter was 27% and operating margin was 9.4%.
The company is undergoing a strategic transformation, targeting a 17%-20% return on invested capital, 7%-10% revenue growth, and 10%-12% operating margin. Orders are up 12% year over year, contributing to a strong backlog.
A new manufacturing facility in Saltillo, Mexico, is expected to come online in April/May 2026 to support growth and provide supply chain flexibility.
Ramesh Jayaraman will assume the CEO role on February 1st, 2026, with an Investor Day planned for early April in New York City.
Net cash balance stood at $138 million at the end of Q2 2026, and the company has $25.7 million in remaining share repurchase capacity.

Jan 22, 2026, 7:30 PM

Transcript

Daktronics Discusses Q2 2026 Performance, CEO Transition, and Strategic Initiatives

DAKT

CEO Change

Revenue Acceleration/Inflection

New Projects/Investments

Daktronics (DAKT) will welcome Ramesh Jayaraman as its new CEO on February 1st, with an Investor Day planned for early April in New York City to discuss strategic initiatives.
The company reported $770 million in trailing 12 months revenues through Q2 2026 (October 31st), marking its third consecutive quarter of top-line growth, with orders up 12% year over year.
In Q2 2026, the gross profit margin was 27% and the total operating margin was 9.4%.
Daktronics is implementing a business transformation, including price adjustments, SaaS trials, inventory efficiency, and structural cost reductions, and is investing in a new facility in Saltillo, Mexico, expected to come online in April/May.
The net cash balance was $138 million at the end of the quarter, up from $115 million the prior year, and the company has $25.7 million in share repurchase capacity as of December 9th.

Jan 22, 2026, 7:30 PM

Transcript

Daktronics Reports Strong FQ2 2026 Results and Strategic Growth Initiatives

DAKT

Earnings

Guidance Update

Share Buyback

Daktronics achieved net sales of $229.3 million and operating income of $21.6 million in FQ2 2026, marking its third consecutive quarter of top-line growth.
The company's product backlog grew 36% to $321 million, with orders up 12% year-over-year in FQ2 2026, providing a significant revenue runway.
Daktronics reported a net cash balance of $138.3 million and increased its share repurchase program capacity to $25.7 million as of December 9, 2025.
The company is pursuing a 3-year transformation plan targeting 10-12% operating margin, 7-10% CAGR revenue growth, and 17-20% ROIC for FY26-28, supported by new manufacturing capacity in Mexico and Ireland.

Jan 22, 2026, 12:00 PM

Presentation

Daktronics Acquires X Display Company's Display Business

DAKT

M&A

New Projects/Investments

Product Launch

Daktronics (DAKT) acquired the display business of X Display Company Technology Limited (XDC) on December 22, 2025, including intellectual property, equipment assets, and technical expertise.
This acquisition is intended to expand Daktronics' MicroLED and MicroIC capabilities, differentiate its business, accelerate growth, and enhance competitive positioning.
As part of the acquisition, Daktronics gained XDC's proprietary technologies in mass-transfer processes and MicroLED fabrication, specialized equipment, and hired 15 key XDC employees.
Prior to the acquisition, Daktronics held a 16.4 percent ownership interest in XDC as of November 1, 2025.

Dec 23, 2025, 10:05 PM

8-K

Daktronics Acquires X Display Company's MicroLED Assets

DAKT

M&A

New Projects/Investments

Product Launch

Daktronics acquired the intellectual property (IP), equipment assets, and technical expertise from X Display Company Technology Limited (XDC), a leader in mass-transfer processes and MicroLED technology.
This acquisition is expected to differentiate Daktronics, accelerate growth, and enhance its competitive positioning by integrating advanced MicroLED capabilities for display solutions.
Key aspects of the acquisition include XDC's proprietary technologies for mass-transfer and MicroLED fabrication, specialized development equipment, and the integration of 15 key XDC employees.
The acquisition aims to advance Daktronics' large-scale Narrow Pixel Pitch (NPP) product offerings, targeting a market projected to reach $12 billion by 2029.

Dec 23, 2025, 10:02 PM

Press Release

Daktronics Reports Strong Q2 FY26 Results, Announces New CEO and Manufacturing Expansion

DAKT

Earnings

CEO Change

New Projects/Investments

Daktronics reported a solid second quarter of fiscal 2026, with net income of $17.5 million or $0.35 per fully diluted share, representing a 25.4% increase in adjusted net income year-over-year.
The company achieved double-digit year-over-year growth in new orders, sales revenue, and operating income, with operating income reaching $21.6 million for the quarter.
The product backlog grew 36% year over year to $321 million, providing a multi-quarter revenue runway.
Daktronics is expanding its global manufacturing footprint with a new facility in Saltillo, Mexico, targeting production in late April 2026, to support growth objectives.
The board authorized an additional $20 million for share repurchases, bringing the total available repurchase capacity to $25.7 million. Ramesh Jayaraman was introduced as the new President and CEO, officially starting today and assuming the role in February 2026.

Dec 10, 2025, 4:00 PM

Transcript

Daktronics Announces Q2 2026 Earnings with Revenue Growth and Expanded Backlog

DAKT

Earnings

Revenue Acceleration/Inflection

Share Buyback

Daktronics reported Q2 2026 net sales of $229.3 million , marking its third consecutive quarter of top-line growth , and achieved operating income over $20 million for the second consecutive quarter, reaching $21.6 million.
The company's product backlog grew to $321 million, an increase of 36%, providing a multi-quarter revenue runway. Orders also increased 12% year-over-year.
DAKT's balance sheet shows a strong net cash balance of $138.3 million at the end of the quarter. The company also increased its share repurchase program capacity to $25.7 million.
For FY26-28, DAKT targets a higher operating margin of 10-12%, revenue growth greater than the addressable market at a 7-10% CAGR, and a top quartile ROIC of 17-20%.

Dec 10, 2025, 4:00 PM

Presentation

Daktronics Reports Strong Q2 2026 Results, Announces New CEO, and Manufacturing Expansion

DAKT

Earnings

CEO Change

New Projects/Investments

Daktronics reported strong Q2 FY26 financial results, with net income of $17.5 million ($0.35 per diluted share) and operating income of $21.6 million, driven by 12% year-over-year order growth.
The company's product backlog grew 36% year-over-year to $321 million, providing a multi-quarter revenue runway, while gross profit margin reached 27% and operating margin was 9.4%.
Ramesh Jayaraman officially joined Daktronics on December 10, 2025, and will assume the President and CEO role in February 2026.
The Board authorized an additional $20 million for share repurchases, increasing the total available capacity to $25.7 million.
Daktronics is expanding its global manufacturing footprint with a new facility in Saltillo, Mexico, targeting production in late April 2026 to support growth and complement existing U.S. operations.