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Daktronics Inc (DAKT) stock

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NASDAQ: DAKT Nasdaq Electronic Equipment & Instruments Next results ~December 9, 2026

B Fundamentals grade

Daktronics Inc is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in April.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$30

Cash-flow model

Base case. Range ~$23–$38 across our lower- and higher-growth cases (2.8%–12.8% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 56% above it.

Price used: $19.12, November 2, 2026

Daktronics Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 2 selling1 purchase and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds81 adding, 97 cuttingOf 37 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Daktronics files

Where Daktronics stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $854m, up 14.0% on a year earlier, faster than the 10.9% growth a quarter earlier. Free-cash-flow margin fell to 4.7% from 11.4% a year earlier. Operating margin widened to 7.3% from 4.5%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 5 of our 5 financial-health checks. Our cash-flow model value is $29.83 a share, against a share price of $19.85. At that price, our model says the market is pricing in cash flow shrinking about 0.3% a year for five years, slower than the 6.9% a year revenue growth it has delivered.

Source: 10-Q filed September 2, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 9, 2026 (estimated)

Daktronics Inc's trailing-twelve-month revenue grew 14.0% year on year, with a free-cash-flow margin of 4.7%. Where it stands out: stock pay as % of revenue of 0.6% ranks 7 of 49 electronic equipment & instruments companies we cover.

Our discounted-cash-flow model values the business at ~$30 per share in the base case (~$23–$38 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 53.5% while net income grew 327.9%: a 381pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $19.12 is 56% below our value per share of $30.
  • Growth speeding up. The growth rate is 3.1 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.1bn.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 9.6% over 90 days.

Things to watch

  • Weakest spot: gross margin. Gross margin of 27.6% ranks 36 of 48 electronic equipment & instruments companies we cover (median 39.7%).

Latest results: FY2027 Q1

Filed September 2, 2026
Earnings per share
$0.40 against an average estimate of $0.35: beat by 12.7%
Revenue
$235m, up 7.1% on a year earlier
Share reaction
+0.6% in the first session after the results on September 2, 2026, against +1.5% for the S&P 500
Guidance given
revenue CAGR growth 7% to 10% (fiscal 2028); operating margin 10% to 12% (fiscal 2028)
Next report
September 2, 2026; average EPS estimate $0.31

Daktronics' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.4%
  • 1 week-8.8%
  • 1 month+6.5%
  • This year-3.3%
  • 1 year+1.8%
  • 5 years+235.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$854M
Operating margin
7.3%
Net margin
5.7%
EPS (TTM, diluted)
$0.98

Growth

Revenue growth
+14.0%
Change in growth rate
+3.1 pts
Share count change
+1.5%

Cash

Free cash flow (TTM)
$39.8M
FCF margin
4.7%
Stock pay % of revenue
0.6%

Earnings

Last results
September 2, 2026
Next results (est.)
December 9, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Restructuring
  2. Leadership
  3. Leadership
  4. Results
  5. Guidance
  6. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Daktronics Inc valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 1.1% a year for five years.That is slower than the 6.9% a year revenue growth Daktronics has delivered.

  • Priced in-1.1%
  • Last 12 months14.0%
  • 3 years a year1.6%
  • 5 years a year6.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($19.12, Nov 2, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$30
Price used
$19.12close November 2, 2026
Implied change
▲ +56%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Daktronics Inc's free cash flow after stock-based pay with after-tax interest added back ($56.9M, FY2027 Q1 TTM), growing 7.5% and 7.8% in the next two years (forecasts, guidance and its record), then back to 7.8% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$23–~$38 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Daktronics Inc's free cash flow after stock-based pay ( $56.9M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Daktronics Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.32 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$30 ~$23–$38 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$30 ~$24–$45 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$4.4 ~$3.2–$6.0 Left out: far from the other models (more than 3x away from their median)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$3.5 ~$3.1–$4.0 Left out: out of range vs price (0.18x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$30 ~$30–$30 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Daktronics Inc with Electronic Equipment & Instruments in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −22%
  • Revenue growth 5 points higher ▲ +28%
  • Free-cash-flow margin 1 point lower ▼ −19%
  • Last year's free-cash-flow margin change, if it persists ▼ −57%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $20$26$34$44$58$75
8.5% $16$20$26$33$43$56
10% $13$17$21$27$34$44

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$7.61$8.58$8.42$7.07$4.45$6.17$3.35$4.81$9.29$12.56$19.70$19.12
Market value$338m$380m$378m$318m$202m$279m$152m$219m$432m$598m$973m$940m
+ Net debt (− = net cash)−$28m−$33m−$30m−$35m−$40m−$78m−$17m−$6m−$27m−$115m−$121m−$144m
Enterprise value$310m$348m$348m$282m$161m$201m$135m$213m$406m$483m$852m$796m
Multiples
Price / sales 0.6x0.6x0.6x0.6x0.3x0.6x0.2x0.3x0.5x0.8x1.2x1.1x
Price / earnings 164.1x36.8x68.0x—n/m25.5xn/m32.2x12.5x—21.4x19.5x
Price / free cash flow —12.3x30.9x25.9x—4.8x——9.3x7.6x28.4x23.6x
EV / EBITDA 15.9x10.2x11.5x20.3x9.2x5.9x6.9x5.5x3.8x9.2x10.6x9.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

29 /100

Weak moat

How hard Daktronics's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.8% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 24.2%, moving by 2.7 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 3.0%; its worst year was -1.1%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 10 years, at a median 4.3% of revenue.

  • Discipline 14 / 20

    The diluted share count rose 8.4% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (34 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.23 +17% $895m +7%
Next $1.60 +30% $966m +8%

Next year's EPS estimate has moved +9.6% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.0% on 90 days ago. In the last 30 days, 2 analysts raised Daktronics Inc's forecast and 0 cut it.

Consensus EPS forecast Daktronics Inc, last 90 days
$1.00 $1.20 $1.40 $1.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.18 Current fiscal year, 60 days ago: $1.18 Current fiscal year, 30 days ago: $1.21 Current fiscal year, 7 days ago: $1.25 Current fiscal year, Now: $1.23 $1.23 Next fiscal year, 90 days ago: $1.46 Next fiscal year, 60 days ago: $1.46 Next fiscal year, 30 days ago: $1.47 Next fiscal year, 7 days ago: $1.58 Next fiscal year, Now: $1.60 $1.60

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.18$1.46
60 days ago $1.18$1.46
30 days ago $1.21$1.47
7 days ago $1.25$1.58
Now $1.23$1.60

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.35 $0.40 +12.7%
Apr 2026 $0.15 $0.27 +78.3%
Jan 2026 $0.13 $0.09 −28.9%
Oct 2025 $0.27 $0.35 +32.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 2, 2026
  • revenue CAGR fiscal 2028 7% growth to 10% growth
    “We are tracking well toward our fiscal 2028 targets of 7-10% revenue CAGR, 10-12% operating margin, and 17-20% ROIC.” source
  • operating margin fiscal 2028 10% to 12%
    “We are tracking well toward our fiscal 2028 targets of 7-10% revenue CAGR, 10-12% operating margin, and 17-20% ROIC.” source
  • ROIC fiscal 2028 17% to 20%
    “We are tracking well toward our fiscal 2028 targets of 7-10% revenue CAGR, 10-12% operating margin, and 17-20% ROIC.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Daktronics Inc's revenue by +7.5% next year and +7.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.8%, weight 46%) , management guidance (+8.6%, weight 23%) and the company's own record (+7.8%, weight 31%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622
  2. Sep 202622
  3. Aug 202622
  4. Jul 202622

Counts of recommendations published by analysts covering Daktronics Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.1%
of tradable shares
Days to cover
4.69
at average volume
Short interest, 1 month
+13%
to October 15, 2026
Held by institutions
76%
of shares
Held by insiders
5.9%
of shares
Employees
2,423
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +1.8%

$18.79 on October 31, 2025 to $19.12

ThenNowEffect
Revenue (last 12 months) $749m $854m +14.0%
Net margin 1.5% 5.7% +275.4%
P/E multiple 80.6x 19.5x −75.9%
Share count 48m 49m −1.5%

Biggest factor: p/e multiple.

Last 3 years +99.8%

$9.57 on November 3, 2023 to $19.12

ThenNowEffect
Revenue (last 12 months) $815m $854m +4.8%
Net margin 3.8% 5.7% +47.2%
P/E multiple 14.0x 19.5x +39.0%
Share count 46m 49m −6.9%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DAKT+8%−44%+201%+99%+17%−3%
Industry peers (median)−3%−37%+13%−1%−7%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DAKT50%25%75%67%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DAKT−37%−67%−32%−26%−36%−39%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 82% from January 4, 2017 to December 8, 2022. Getting back needed a 466% gain, reached on November 10, 2023, 337 days after the low.

Price behaviour

52-week range
$17.02 – $27.73
From 52-week high
−31.0%
vs 50-day average
+3.0%
vs 200-day average
−6.4%
Volatility (1 year)
42%
Beta vs S&P 500
1.28

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±11.9%
After a week
6 up, 6 down
typical move ±12.6%
After a month
6 up, 6 down
typical move ±14.6%
Results releasedNext dayS&P 500 next day5 days21 days
September 2, 2026 +0.6% +1.5% −2.1% −7.2%
June 24, 2026 −3.2% +0.1% −1.1% −3.1%
March 4, 2026 −7.6% +0.1% −13.1% −20.9%
December 10, 2025 +14.1% +0.9% +5.8% +16.5%
September 10, 2025 +27.4% +1.1% +30.4% +12.7%
June 25, 2025 −1.1% +0.8% +8.2% +9.5%
March 5, 2025 −10.9% −0.7% −14.8% −14.7%
December 4, 2024 +17.6% +0.5% +14.5% +2.0%
September 4, 2024 −13.3% −0.4% −10.4% −4.0%
June 26, 2024 +23.4% +0.3% +23.2% +39.7%
February 28, 2024 +6.8% +0.2% +8.4% +22.5%
December 5, 2023 −16.5% −0.4% −19.6% −22.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Daktronics Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Daktronics Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Daktronics Inc
$700M $750M $800M $850M $900M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $826.7M Revenue (TTM), FY24 Q3: $812.1M Revenue (TTM), FY24 Q4: $818.1M Revenue (TTM), FY25 Q1: $811.6M Revenue (TTM), FY25 Q2: $820.6M Revenue (TTM), FY25 Q3: $799.8M Revenue (TTM), FY25 Q4: $756.5M Revenue (TTM), FY26 Q1: $749.4M Revenue (TTM), FY26 Q2: $770.3M Revenue (TTM), FY26 Q3: $802.6M Revenue (TTM), FY26 Q4: $838.7M Revenue (TTM), FY27 Q1: $854.3M $854.3M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $826.7M
FY24 Q3 $812.1M
FY24 Q4 $818.1M
FY25 Q1 $811.6M
FY25 Q2 $820.6M
FY25 Q3 $799.8M
FY25 Q4 $756.5M
FY26 Q1 $749.4M
FY26 Q2 $770.3M
FY26 Q3 $802.6M
FY26 Q4 $838.7M
FY27 Q1 $854.3M
Revenue growth, TTM YoY Daktronics Inc
-10% 0% 10% 20% 30% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 25.1% Revenue growth, TTM YoY, FY24 Q3: 14.9% Revenue growth, TTM YoY, FY24 Q4: 8.5% Revenue growth, TTM YoY, FY25 Q1: -0.4% Revenue growth, TTM YoY, FY25 Q2: -0.7% Revenue growth, TTM YoY, FY25 Q3: -1.5% Revenue growth, TTM YoY, FY25 Q4: -7.5% Revenue growth, TTM YoY, FY26 Q1: -7.7% Revenue growth, TTM YoY, FY26 Q2: -6.1% Revenue growth, TTM YoY, FY26 Q3: 0.4% Revenue growth, TTM YoY, FY26 Q4: 10.9% Revenue growth, TTM YoY, FY27 Q1: 14.0% 14.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 25.1%
FY24 Q3 14.9%
FY24 Q4 8.5%
FY25 Q1 -0.4%
FY25 Q2 -0.7%
FY25 Q3 -1.5%
FY25 Q4 -7.5%
FY26 Q1 -7.7%
FY26 Q2 -6.1%
FY26 Q3 0.4%
FY26 Q4 10.9%
FY27 Q1 14.0%
Operating margin (TTM) Daktronics Inc
4% 6% 8% 10% 12% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 10.3% Operating margin (TTM), FY24 Q3: 10.6% Operating margin (TTM), FY24 Q4: 10.6% Operating margin (TTM), FY25 Q1: 8.6% Operating margin (TTM), FY25 Q2: 8.0% Operating margin (TTM), FY25 Q3: 6.8% Operating margin (TTM), FY25 Q4: 4.4% Operating margin (TTM), FY26 Q1: 4.5% Operating margin (TTM), FY26 Q2: 5.1% Operating margin (TTM), FY26 Q3: 5.6% Operating margin (TTM), FY26 Q4: 7.3% Operating margin (TTM), FY27 Q1: 7.3% 7.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 10.3%
FY24 Q3 10.6%
FY24 Q4 10.6%
FY25 Q1 8.6%
FY25 Q2 8.0%
FY25 Q3 6.8%
FY25 Q4 4.4%
FY26 Q1 4.5%
FY26 Q2 5.1%
FY26 Q3 5.6%
FY26 Q4 7.3%
FY27 Q1 7.3%
FCF margin (TTM) Daktronics Inc
4% 6% 8% 10% 12% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 7.6% FCF margin (TTM), FY24 Q3: 7.5% FCF margin (TTM), FY24 Q4: 5.7% FCF margin (TTM), FY25 Q1: 5.7% FCF margin (TTM), FY25 Q2: 7.7% FCF margin (TTM), FY25 Q3: 8.3% FCF margin (TTM), FY25 Q4: 10.3% FCF margin (TTM), FY26 Q1: 11.4% FCF margin (TTM), FY26 Q2: 8.0% FCF margin (TTM), FY26 Q3: 7.7% FCF margin (TTM), FY26 Q4: 4.1% FCF margin (TTM), FY27 Q1: 4.7% 4.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 7.6%
FY24 Q3 7.5%
FY24 Q4 5.7%
FY25 Q1 5.7%
FY25 Q2 7.7%
FY25 Q3 8.3%
FY25 Q4 10.3%
FY26 Q1 11.4%
FY26 Q2 8.0%
FY26 Q3 7.7%
FY26 Q4 4.1%
FY27 Q1 4.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Daktronics took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $839M
  2. Cost of revenue $610M · 72.7%
  3. Gross profit $229M · 27.3%
  4. Research and development $43.5M · 5.2%
  5. Selling, general and admin $59.9M · 7.1%
  6. Other operating costs $64.8M · 7.7%
  7. Operating income $60.8M · 7.3%
  8. Income tax $13M · 1.5%
  9. Net income $45.4M · 5.4%

Shares of revenue. Source: Daktronics's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 May 2010 2011 Apr 2011 2012 Apr 2012 2013 Apr 2013 2014 Apr 2014 2015 May 2015 2016 Apr 2016 2017 Apr 2017 2018 Apr 2018 2019 Apr 2019 2020 May 2020 2021 May 2021 2022 Apr 2022 2023 Apr 2023 2024 Apr 2024 2025 Apr 2025 2026 May 2026 LTM Aug 2026
Income
Revenue 393 442 490 518 552 616 570 587 611 570 609 482 611 754 818 756 839 854
Gross profit 95 111 113 134 142 145 121 140 146 130 139 121 117 151 222 195 229 236
EBITDA 15 39 28 46 51 46 19 34 30 14 18 34 19 38 106 53 80 82
Operating income −7 20 10 31 37 31 2 15 12 −5 −0 17 4 21 87 33 61 63
Net income −7 14 8 23 22 21 2 10 6 −1 0 11 1 7 35 −10 45 48
Diluted EPS −$0.17 $0.34 $0.20 $0.53 $0.51 $0.47 $0.05 $0.23 $0.12 −$0.02 $0.01 $0.24 $0.01 $0.15 $0.74 −$0.21 $0.92 $0.98
Growth (year on year)
Revenue — +12.3% +10.8% +5.9% +6.5% +11.6% −7.4% +2.9% +4.1% −6.7% +6.9% −20.8% +26.7% +23.4% +8.5% −7.5% +10.9% +14.0%
EBITDA — +157.4% −29.0% +66.3% +10.5% −9.1% −58.1% +74.8% −11.0% −54.0% +26.2% +94.8% −43.1% +97.4% +177.2% −50.5% +52.3% +53.8%
Operating income — — −47.4% +197.8% +19.5% −14.4% −92.0% — −19.2% −137.9% — — −76.4% — +307.3% −62.0% +83.7% +85.6%
Net income — — −40.4% — −2.5% −6.0% −90.1% — — — — — −94.6% — — −129.2% — —
Diluted EPS — — −41.2% — −3.8% −7.8% −89.4% — — — — — −95.8% — — −128.4% — —
Margins
Gross margin 24.0% 25.2% 23.2% 25.8% 25.7% 23.5% 21.2% 23.9% 23.9% 22.9% 22.8% 25.0% 19.1% 20.1% 27.2% 25.8% 27.3% 27.6%
EBITDA margin 3.9% 8.9% 5.7% 8.9% 9.3% 7.5% 3.4% 5.8% 5.0% 2.4% 2.9% 7.1% 3.2% 5.1% 13.0% 7.0% 9.6% 9.6%
Operating margin −1.7% 4.4% 2.1% 5.9% 6.6% 5.1% 0.4% 2.6% 2.0% −0.8% −0.0% 3.5% 0.7% 2.8% 10.6% 4.4% 7.3% 7.3%
Net margin −1.8% 3.2% 1.7% 4.4% 4.0% 3.4% 0.4% 1.8% 0.9% −0.2% 0.1% 2.3% 0.1% 0.9% 4.2% −1.3% 5.4% 5.7%
Free-cash-flow margin 7.0% 7.2% 0.7% 7.9% 4.1% 5.1% −0.7% 5.3% 2.0% 2.2% −1.2% 12.1% −7.8% −1.4% 5.7% 10.3% 4.1% 4.7%
Cash flow
Cash from operations 44 41 20 51 36 54 13 39 30 30 11 66 −27 15 63 98 49 55
Capital spending 16 9 17 10 14 22 17 9 18 17 18 8 20 25 17 19 15 15
Free cash flow 28 32 4 41 23 32 −4 31 12 12 −7 58 −47 −10 46 78 34 40
Stock-based pay 4 3 3 3 3 3 3 3 3 2 2 2 2 2 2 3 5 5
Free cash flow after stock pay 24 29 0 38 20 29 −7 28 10 10 −10 56 −49 −12 44 75 29 35
Balance sheet
Cash 64 54 29 41 45 57 28 33 30 35 40 78 17 24 81 128 132 155
Total debt 0 1 — 0 0 0 0 0 0 0 0 0 0 18 55 12 11 11
Net debt (negative = net cash) −64 −53 −29 −41 −45 −57 −28 −33 −30 −35 −40 −78 −17 −6 −27 −115 −121 −144
Diluted shares 41m 42m 42m 43m 44m 44m 44m 44m 45m 45m 45m 45m 45m 46m 47m 48m 49m 49m
Returned to shareholders
Dividends 4 25 26 31 17 17 18 14 12 13 9 0 0 — — — — —
Buybacks — — — — — 0 0 2 0 0 6 0 3 0 0 29 26 19
Total returned 4 25 26 31 17 17 18 15 12 13 15 0 3 0 0 29 26 19

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 5 checks passed · August 1, 2026
What it owns · $607m
Short-term assets $501mLonger-term assets $107m
What it owes, and who funded it · $548m
Short-term liabilities $231mShareholders' equity $318m
  • Short-term assets cover short-term liabilities $501m of assets due within a year against $231m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $155m of cash against $11m of debt.
  • Debt below 40% of shareholders' equity Debt is 3% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $55m of operating cash flow against $11m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Daktronics Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$19.3M
Buybacks, last 3 fiscal years
$55M
Diluted share count
+1.5%
year over year
Total shareholder yield
2.1%
dividends 0.0% + buybacks 2.1% of market value
R&D spending
5.3%
of revenue
Days sales outstanding
66 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated DAKT BMI MIR CGNX ARLO CAN Median
Revenue, last 12 months $854m $881m $1.1bn $1.1bn $587m $530m $104m
Revenue growth, last 12 months 14.0% −2.2% 19.6% 17.1% 15.6% 96.7% 9.8%
Revenue growth, 3-year average 1.6% 9.6% 11.0% 6.8% 7.5% — 7.2%
Revenue growth, latest quarter 7.1% 0.1% 24.5% 16.9% 20.5% — 16.5%
Gross margin 27.6% 41.6% 48.1% 68.9% 46.0% 7.8% 38.5%
Operating margin 7.3% 18.8% 6.0% 21.9% 2.7% −21.2% −7.3%
Operating margin, 3-year average 6.8% 19.2% 4.4% 15.8% −1.5% — −5.1%
Net margin 5.7% 14.4% 2.7% 16.1% 5.2% −39.7% −5.3%
Cash from operations / revenue 6.4% 18.0% 19.4% 25.4% 13.3% −51.2% −1.6%
Free-cash-flow margin 4.7% 16.2% 15.6% 24.6% 12.2% −55.8% −2.5%
Free-cash-flow margin, 3-year average 7.2% 17.0% 10.9% 17.6% 10.7% — 3.7%
Stock pay / revenue 0.6% 1.2% 2.1% 4.5% 12.2% 4.3% 3.0%
Change in share count 1.5% −1.2% 18.6% −1.0% 10.0% 72.9% 1.9%

Median of all 53 companies we cover in electronic equipment & instruments. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

53 electronic equipment & instruments companies
Measure Company Peer median Rank
Revenue growth Growth 14.0% 9.8% 23 of 53
Change in growth rate Growth +3.1pp +2.3pp 26 of 53
Gross margin Profitability 27.6% 39.7% 36 of 48
Operating margin Profitability 7.3% -7.3% 15 of 53
Net margin Profitability 5.7% -5.3% 17 of 53
Free-cash-flow margin Cash generation 4.7% -2.1% 18 of 52
Stock pay as % of revenue Cash generation 0.6% 3.0% 7 of 49
Long-term debt as % of assets Balance sheet 1.5% 15.2% 5 of 31
Change in share count Balance sheet 1.5% 1.9% 22 of 46
Days sales outstanding Balance sheet 66 days 68 days 24 of 52

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to May 2, 2026
Segments
Line of business Revenue Share YoY
Live Events $321M 38.3% ▲ 10.1%
High School Park and Recreation $183M 21.8% ▲ 10.4%
Commercial $181M 21.6% ▲ 15.7%
International $76.9M 9.2% ▲ 24.5%
Transportation $76.7M 9.1% ▼ 5.4%
Products and services
Line of business Revenue Share YoY
Unique Configuration $379M 45.2% ▲ 6.5%
Limited Configuration $376M 44.8% ▲ 17.5%
Service and Other $83.2M 9.9% ▲ 4.1%
Geography
Region Revenue Share YoY
United States $742M 88.5% ▲ 9.8%
Outside the US $96.4M 11.5% ▲ 20.1%

From Daktronics Inc's 10-K filed June 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$716M
Institutions reporting
190
Shares held vs prior quarter
▲ 1.3%
Positions opened / closed
15 / 30

Top buyers and sellers, Q2 2026: 81 institutions bought and 97 sold ; the biggest buyer was Duquesne Family Office LLC (+560K shares) and the biggest seller Alta Fox Capital Management, LLC (−485K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $68.2M 3.5M 9.5% ▲ 8.0%
Earnest Partners LLC $60.3M 3.1M 8.4% ▼ 3.4%
Alta Fox Capital Management, LLC $56.5M 2.9M 7.9% ▼ 14.4%
Progeny 3, Inc. $53.7M 2.7M 7.5% 0.0%
American Century Companies Inc $35.4M 1.8M 4.9% ▲ 5.6%
Vanguard Capital Management LLC $33.9M 1.7M 4.7% ▲ 0.3%
Dimensional Fund Advisors LP $32.4M 1.7M 4.5% ▲ 3.6%
Breach Inlet Capital Management, LLC $31M 1.6M 4.3% ▲ 8.3%
Vanguard Portfolio Management LLC $26.8M 1.4M 3.7% ▲ 5.4%
Duquesne Family Office LLC $22M 1.1M 3.1% ▲ 99.6%
Geode Capital Management, LLC $20.6M 1.1M 2.9% ▲ 3.4%
Bank Of New York Mellon Corp $18M 920K 2.5% ▲ 0.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Daktronics Inc's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1,565 1 trade by 1 insider, last 12 months Insider sales History → $149,636 2 trades by 2 insiders · 0% under pre-set plans
Net ▼ $148,071 net selling
Insider Date Trade Shares Price Value
Wiemann Bradley T Executive Vice President July 17, 2026 Sell 4,000 $19.22 $76,880
Anderson Sheila Mae CDAO July 1, 2026 Sell 3,636 $20.01 $72,756
Wendler Brett David VP of Design & Development April 30, 2026 Buy 98 $15.97 $1,565

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Daktronics Inc disclosed in the last 12 months; 1 earlier trade on record.

  • Steve Chabot(R-OH 1):Sale (full), $1,001 - $15,000, traded May 26, 2015, filed June 25, 2015

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 9, 2026 estimated from the company's past filing pattern, not announced

  • September 2, 2026
  • June 24, 2026
  • March 4, 2026
  • December 10, 2025
  • September 10, 2025
  • June 25, 2025

Recent SEC filings

Data status

When each part of this page on Daktronics Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Daktronics Inc in brief

What does Daktronics Inc do?
Daktronics Inc is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in April.
What is Daktronics Inc's stock ticker?
Daktronics Inc trades under the ticker DAKT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Daktronics Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Daktronics Inc reported revenue of $854M, 14.0% higher than a year earlier, according to its SEC filings.
What is Daktronics Inc's free cash flow?
Daktronics Inc's free-cash-flow margin is 4.7% of revenue over the trailing twelve months, ranking 18 of the 52 electronic equipment & instruments companies we cover.
What is Daktronics Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Daktronics Inc's free cash flow after stock-based pay gives ~$30 per share in the base case, and ~$23–$38 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Daktronics Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Earnest Partners LLC and Alta Fox Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Daktronics Inc buying back stock, and does it pay a dividend?
Daktronics Inc spent $19.3M on share repurchases over the trailing twelve months, and its diluted share count still rose 1.5% over the year.
What is Daktronics Inc's market cap?
On November 2, 2026, Daktronics Inc's market capitalisation was about $940M, with a price-to-earnings ratio of 19.5 and net debt of -$144M. Market figures come from third-party market data and may be delayed.
How much debt does Daktronics Inc have?
Daktronics Inc's debt-to-equity ratio is 3.3%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Daktronics Inc's competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to Daktronics Inc are Badger Meter Inc, Mirion Technologies, Inc., Cognex Corp, Arlo Technologies, Inc. and Canaan Inc. The side-by-side comparison below sets their revenue, margins and growth against Daktronics Inc's.
Are insiders buying or selling Daktronics Inc stock?
Over the last 12 months, Daktronics Inc's directors and officers reported 1 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Daktronics Inc's next earnings date?
Around December 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Daktronics Inc announces its own schedule.