Daktronics Q3 revenue rises

Daktronics

04/03/2026 12:37

Overview

Video display maker's fiscal Q3 revenue rose 21.6% yr/yr, slightly beating expectations

Net income for fiscal Q3 was $3 mln, compared to a net loss last year

Product backlog increased 25% yr/yr, supporting future revenue growth

Outlook

Daktronics expects product backlog to support future revenue growth

Company is monitoring tariffs and inflationary component costs

Daktronics aims to close fiscal year on a strong note

Result Drivers

ORDER CONVERSION - Efficient conversion of orders to revenue contributed to 21.6% sales growth, per CFO Howard Atkins

SECTOR GROWTH - Orders grew 7.6% driven by High School Parks and Recreation and Transportation sectors

Company press release: ID:nGNX1B0Qlb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$181.87 mln
$181 mln (2 Analysts)
Q3 EPS
$0.06
Q3 Net Income
$3.01 mln
Q3 Operating Income
$1.92 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The one available analyst rating on the shares is "buy"

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 28.6% above its March 3 closing price of $24.88

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)