Daktronics Q1 revenue beats on strength in transportation, live events segments

Daktronics

02/09/2026 12:41

Overview
U.S. digital display maker's fiscal Q1 revenue rose 7.1%, beating analyst expectations
Diluted EPS for fiscal Q1 rose 21.2% to highest in 12 quarters
Company repurchased $4.4 mln in shares during the quarter

Outlook
Company says it is tracking toward fiscal 2028 targets of 7-10% revenue CAGR, 10-12% operating margin, and 17-20% ROIC
Company says sales pipeline remains robust and demand continues across key business segments
Daktronics continues to invest in operational improvements and targeted market expansion initiatives

Result Drivers
BUSINESS UNIT PERFORMANCE - Strong net sales in Transportation, Live Events, and International units led sales growth
GROSS MARGIN IMPROVEMENT - Gross profit margin rose due to tariff refunds, partially offset by higher memory and other input costs
OPERATIONAL INITIATIVES - Manufacturing and supply chain improvements increased efficiency and supported margin expansion

Company press release: ID:nGNXHt1sl

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$234.57 mln
$230.27 mln (3 Analysts)
Q1 EPS
 
$0.40
 
Q1 Net Income
 
$19.43 mln
 
Q1 Operating Income 
 
$24.94 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Daktronics Inc is $32.00, about 65.3% above its September 1 closing price of $19.36
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)