| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 218.97 | 3.1% |
| Total Income | 218.97 | 3.1% |
| Expenditure | 195.70 | 3.8% |
| PBT | 22.22 | 10000.0% |
| Net Profit | 16.47 | 432.7% |
| OPM | 10.63% | 0.58pp |
| NPM | 7.52% | 9.71pp |
| EPS | 0.34 | 409.1% |
Daktronics Reports Q1 FY2026: Operating Profit $23M, Orders Up 35% YoY
04 May 2026 · 4 May, 9:06 am
Summary
Daktronics reported a net income of $16.5 million for Q1 FY2026, a significant improvement from the net loss of $4.9 million in the same quarter of the previous year. Sales reached $219.0 million, showing sequential growth. The company's order growth was strong, increasing by 35.4% year-over-year to $238.5 million. Daktronics is focused on its business and digital transformation to drive profitable growth and reduce costs, reiterating its three-year forward objectives of 7-10% sales growth and 10-12% operating margin.
Key Highlights
- 1
Daktronics' net income for the quarter was $16.5 million, compared to a net loss of $4.9 million in the first quarter of fiscal 2025.
- 2
Operating income increased to $23.3 million, compared to $22.7 million for the first quarter of fiscal 2025.
- 3
Sales reached $219.0 million, marking the third consecutive quarter of sequential revenue growth.
- 4
Gross profit as a percentage of net sales rose to 29.7%, driven by efficiencies in manufacturing capacity, value-based pricing, and a higher-margin product mix.
- 5
Cash flows from operations increased to $26.1 million for the fiscal first quarter, up from $19.5 million for the first quarter of fiscal 2025.
- 6
Orders for product and service rose to $238.5 million, up 35.4% from the first quarter of fiscal 2025, representing the third-highest quarterly orders in the Company’s history.
- 7
Product backlog increased to $360.3 million as of August 2, 2025, up from $267.2 million for the first quarter of fiscal 2025.
Management Comments
Brad Wiemann
Fiscal 2026 is off to a great start, with robust order growth, profit expansion and progress along our transformation roadmap driving tangible results. Our teams delivered sequential top-line growth of 26.9 percent, with Q1 net sales down slightly against a strong year-ago comparison. We captured continued momentum in demand, particularly in Live Events where we won three major league stadium projects, a record quarter for orders in High School Park and Recreation, and continued order growth in International, for a total order growth across all business units of 35.4 percent since the first quarter of fiscal 2025. We also drove higher profitability through the initiatives we launched in fiscal 2025, including value-based pricing and better alignment between revenue and manufacturing capacity, while adapting to an uncertain and changing tariff environment. We enter the second quarter with robust backlog, strong customer demand, and improved efficiency. We are continuing to execute our three-year transformation plan with momentum and a clear path forward, all designed to enhance customer experience and drive long-term profitability. The Company will maintain its differential leadership in innovation by continuing to focus on high return product development initiatives. We remain focused on delivering sustained value to our customers and shareholders.
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