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Aug 02
Daktronics Q1 2026 Earnings Report
Daktronics reported strong order growth and profitability in Q1 FY2026.
Key Takeaways
Daktronics delivered solid performance in Q1 FY2026 with $219 million in revenue, a return to profitability with $16.5 million in net income, and a significant 35.4% YoY increase in orders driven by momentum in Live Events and High School segments.
Net income reached $16.5 million, reversing a loss in the prior year
Orders grew 35.4% YoY to $238.5 million, third highest in company history
Free cash flow rose to $22.0 million, driven by improved working capital
Revenue reached $219.0 million, with strong growth in Commercial and High School segments
Daktronics
Daktronics
Daktronics Revenue by Segment
Revenue by Segment
Commercial Revenue
CapyFin.comLive Events Revenue
CapyFin.comHigh School & Recreation Revenue
CapyFin.comTransportation Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Daktronics reiterated its three-year transformation objectives with continued focus on innovation, margin expansion, and international growth.
Positive Outlook
- Strong backlog entering Q2 supports near-term revenue
- High demand across Live Events and High School segments
- Improved manufacturing efficiencies and pricing strategy
- Launch of new products and service software platform
- Progress on three-year transformation roadmap
Challenges Ahead
- Uncertainty in tariff environment could impact costs
- Transportation segment saw YoY order decline
- Revenue declined 3.1% YoY despite sequential growth
- Operating expenses increased due to growth investments
- Challenging comparisons to record performance last year
Revenue & Expenses
Visualization of income flow from segment revenue to net income