Earnings summaries and quarterly performance for DAKTRONICS INC /SD/.
Executive leadership at DAKTRONICS INC /SD/.
Brad Wiemann
Detailed
Interim President and Chief Executive Officer
CEO
CG
Carla Gatzke
Detailed
Vice President of Human Resources and Secretary
HA
Howard Atkins
Detailed
Acting Chief Financial Officer and Chief Transformation Officer
MK
Matthew Kurtenbach
Detailed
Vice President of Manufacturing
SA
Sheila Anderson
Detailed
Chief Data and Analytics Officer
Board of directors at DAKTRONICS INC /SD/.
Research analysts who have asked questions during DAKTRONICS INC /SD/ earnings calls.
AS
Anja Soderstrom
Sidoti & Company, LLC
9 questions for DAKT
Also covers: ATEN, BHE, FORR +11 more
Aaron Spychalla
Craig-Hallum Capital Group
8 questions for DAKT
Also covers: BW, BWMN, CECO +7 more
Eric DeLamarter
Half Moon Capital LLC
4 questions for DAKT
MF
Mac Furst
Singular Research
4 questions for DAKT
AS
Anya Soderstrom
Sidoti & Company LLC
1 question for DAKT
Recent press releases and 8-K filings for DAKT.
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.
1 day ago
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.
1 day ago
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
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
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.
Dec 10, 2025, 4:00 PM
Daktronics Reports Strong Q2 FY26 Results, Backlog Growth, and Announces New CEO
DAKT
Earnings
CEO Change
New Projects/Investments
- Daktronics reported strong Q2 FY26 financial results, with net income of $17.5 million or $0.35 per diluted share, and operating income of $21.6 million. The company achieved 12% fiscal second quarter order growth and increased its product backlog by 36% year-over-year to $321 million.
- Profitability improved with a gross profit margin of 27% and an operating margin of 9.4%, driven by value-based pricing and operational efficiencies, despite tariff expenses rising to $8.8 million.
- The company is expanding its global manufacturing footprint with a new facility in Saltillo, Mexico, targeting production in late April 2026, and launched several new products including an expanded narrow pixel pitch offering and the Venus Control Suite Live.
- Daktronics maintains a strong balance sheet with a net cash balance of $138.3 million and increased its share repurchase capacity by $20 million, bringing the total to $25.7 million.
- Ramesh Rangan will assume the role of President and CEO starting February 1st.
Dec 10, 2025, 4:00 PM
Daktronics Announces Strong Fiscal Second Quarter 2026 Results, New CEO, and Share Repurchase Authorization
DAKT
Earnings
CEO Change
Share Buyback
- Daktronics reported strong fiscal second quarter 2026 results, with operating profit increasing 36.7% year-over-year to $21.6 million and sales rising 10.0% to $229.3 million. Diluted earnings per share were $0.35.
- New orders grew by double digits to $199.1 million, and the product backlog increased 36% from the prior year to $320.6 million, providing a multi-quarter revenue runway.
- The company reiterated its three-year forward objectives of 7-10% sales growth, 10-12% operating margin, and 17-20% ROIC.
- The Board of Directors authorized an additional $20 million for share repurchases, with $25.7 million remaining available under the program as of December 9, 2025. Additionally, Ramesh Jayaraman was appointed as the new President and CEO, effective February 1, 2026.
Dec 10, 2025, 12:40 PM
Daktronics Announces Strong Fiscal Second Quarter 2026 Results and CEO Appointment
DAKT
Earnings
CEO Change
Revenue Acceleration/Inflection
- Daktronics reported strong Q2 fiscal 2026 financial results for the period ended November 1, 2025, with sales of $229.3 million, a 10.0% increase year-over-year, and operating income of $21.6 million, up 36.7% from the prior year, leading to diluted earnings per share of $0.35.
- The company demonstrated robust operational performance with new orders growing 12.1% to $199.1 million and a product backlog of $320.6 million, marking a 36% increase from Q2 fiscal 2025.
- Daktronics maintained a strong balance sheet, ending the quarter with $149.6 million in cash and cash equivalents and successfully reducing inventory to $101.1 million from $121.6 million in Q2 fiscal 2025.
- Ramesh Jayaraman has been appointed President and Chief Executive Officer, effective February 1, 2026, while the company reiterated its three-year objectives of 7-10% sales growth, 10-12% operating margin, and 17-20% ROIC.
Dec 10, 2025, 12:30 PM
DAKTRONICS, INC. Enters into New Credit Agreement
DAKT
Debt Issuance
- Daktronics, Inc. entered into a new credit agreement on November 26, 2025, replacing its prior $75 million senior credit facility.
- The new facility includes a $60 million revolving credit facility and an $11.5 million term loan, both maturing on November 26, 2028.
- The term loan will be repaid through equal quarterly installments of $287,500, with the remaining principal due at maturity.
- Proceeds from the new credit agreement are designated for refinancing existing debt, working capital, and general corporate purposes.
- Key financial covenants include a maximum quarterly Total Leverage Ratio of 3.00 to 1.00 and a minimum Fixed Charge Coverage Ratio of 1.25 to 1.00.
Dec 3, 2025, 10:09 PM
Daktronics discusses strategic growth targets and market opportunities
DAKT
Guidance Update
Revenue Acceleration/Inflection
CEO Change
- Daktronics reported trailing 12-month revenue of approximately $749 million through Q1 and holds the position as the number one American LED video display provider.
- The company has set financial objectives for fiscal year 2028, targeting operating margins of 10% to 12%, a return on invested capital of 17% to 20%, and a compound annual growth rate of 7% to 10%.
- Daktronics identifies significant growth opportunities in the high school park and recreation and commercial segments, with the international market, which currently accounts for approximately 10% of revenue, also targeted for expansion.
- The company maintains a strong backlog and pipeline, with major live event projects anticipated to commence in late 2026 and into 2027.
- Daktronics is implementing transformation initiatives to enhance efficiency and growth, managing capital allocation through reinvestment, potential acquisitions, and share repurchases, and expects to complete its CEO search by year-end or early next year.
Sep 17, 2025, 4:15 PM
Quarterly earnings call transcripts for DAKTRONICS INC /SD/.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more