Scoreboard maker Daktronics' Q2 revenue beats estimates, backlog up 36%

Daktronics

10/12/2025 12:39

Overview

Video display maker's fiscal Q2 revenue beat analyst expectations

Net income for fiscal Q2 rises to $17.5 mln

Company's product backlog increased 36% yr/yr to $320.6 mln

Outlook

Daktronics aims for 7-10% CAGR in revenue growth over three years

Company to open a new manufacturing facility in Mexico by end of fiscal 2026

Daktronics expanding product offerings for indoor and outdoor video products

Result Drivers

ORDER GROWTH - Orders grew 12.1% from last year, driven by significant bookings in Live Events and Transportation segments

VALUE-BASED PRICING - Profitability improved through value-based pricing and operational efficiencies

BACKLOG INCREASE - Product backlog increased 36% yr/yr, providing a multi-quarter revenue runway

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$229.25 mln
$218.40 mln (3 Analysts)
Q2 Net Income
$17.48 mln
Q2 Operating Income
$21.56 mln


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 $27.50, about 53% above its December 9 closing price of $17.97

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNX6qvLVn

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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.)