| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 181.87 | 20.7% | 21.6% |
| Total Income | 181.87 | 20.7% | 21.6% |
| Expenditure | 179.95 | 13.4% | 17.5% |
| PBT | 3.51 | 83.9% | 119.7% |
| Net Profit | 3.01 | 82.8% | 117.5% |
| OPM | 1.06% | 8.35pp | 3.48pp |
| NPM | 1.66% | 5.97pp | 13.13pp |
| EPS | 0.06 | 83.3% | 116.7% |
Daktronics Reports Fiscal Q3 2026 Sales Up 21.6% YoY
04 May 2026 · 4 May, 12:44 am
Summary
Daktronics reported a 21.6% increase in sales for the third quarter of fiscal 2026, reaching $181.9 million. Operating income improved significantly, moving from a loss of $3.6 million to a profit of $1.9 million. The company's new orders grew by 7.6%, and the product backlog increased by 25.3%, providing a strong tailwind for future revenue growth. Management is focused on closing the year on a strong note and sharing the next phase of Daktronics’ strategic growth at their Investor Day in April.
Key Highlights
- 1
Daktronics' sales increased by 21.6% year-over-year to $181.9 million for the third quarter of fiscal 2026.
- 2
Operating income improved to $1.9 million, compared to an operating loss of $3.6 million in the third quarter of fiscal 2025.
- 3
New orders for products and services rose by 7.6% to $201.1 million for the quarter.
- 4
Product backlog increased by 25.3% to $342.3 million compared to the third quarter of fiscal 2025.
- 5
Adjusted operating income more than tripled, driven by value-based pricing and operational efficiencies.
- 6
Earnings per diluted share was $0.06 compared to a loss per diluted share of $0.36 in the same period last year.
Management Comments
Ramesh Jayaraman
Our team continued to execute well during the fiscal third quarter, driving year-over-year revenue growth of 21.6 percent and more than tripling adjusted operating income through value-based pricing and operational efficiencies. The quarter unfolded as we expected, with efficient order conversion to revenue and the commencement of five MLB stadium projects with planned installation this spring. New orders grew 7.6 percent, supported by order growth in High School Parks and Recreation, particularly through video scoreboards, record order bookings in Transportation led by the aviation sector, and continued success in stadium projects. Over the past several quarters, Daktronics has further strengthened its unique position in the dynamic audiovisual space by building trust and reliability through continued innovation and sophistication, enhanced service delivery, and is firmly on a path of accelerating execution. We enter the fourth quarter in a solid position and will focus on closing the year on a strong note. The executive team and I very much look forward to sharing the next phase of Daktronics’ strategic growth at our Investor Day in April.
Howard Atkins
The main driver of the net sales increase in the quarter was the efficient fulfillment of the backlog coming into the quarter which we see continuing into the final quarter of fiscal 2026.”
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