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Get filing alertsDaktronics reports record fiscal 2026 sales of $838.7M, up 11%, and authorizes $40M buyback
Filed June 24, 2026 · Period ending June 22, 2026 · ~1 min read
Key Changes
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high
Record fiscal 2026 sales of $838.7M (up 10.9%) and orders of $860.8M (up 10.2%), with product backlog rising 4.3% to $356.2M, providing multi-quarter revenue visibility entering fiscal 2027.
Exhibit 99.1 view on EDGAR → -
high
Q4 adjusted EPS of $0.27, up 50% year-over-year, driven by higher sales and margin expansion; operating margin improved to 7.3% for fiscal 2026 from 4.4% in fiscal 2025 on value-based pricing and operational efficiencies.
Exhibit 99.1 view on EDGAR → -
high
Management reaffirmed fiscal 2028 targets of 7-10% revenue CAGR, 10-12% operating margin, and 17-20% ROIC, supported by strong backlog and pipeline across all business segments.
Exhibit 99.1 view on EDGAR → -
medium
Board authorized additional share repurchases, increasing total program capacity to $40.0M; company repurchased 1.4M shares for $25.4M during fiscal 2026 at an average price of $17.80.
Item 8.01 verify on EDGAR → -
low
Posted supplemental investor materials, including a slide presentation, to investor relations website on June 24, 2026.
Item 7.01 verify on EDGAR →
Summary
Daktronics delivered record fiscal 2026 results with sales of $838.7 million (up 10.9%) and orders of $860.8 million (up 10.2%), driven by strong demand across business units and efficient backlog conversion. Fourth quarter adjusted EPS of $0.27 rose 50% year-over-year, reflecting margin expansion to 7.3% for the full year from 4.4% in fiscal 2025, achieved through value-based pricing and operational efficiencies. Product backlog of $356.2 million provides multi-quarter revenue visibility.
The Board authorized additional share repurchases, bringing total program capacity to $40.0 million, complementing the $25.4 million in buybacks executed during fiscal 2026. Management reaffirmed fiscal 2028 targets of 7-10% revenue CAGR, 10-12% operating margin, and 17-20% ROIC, signaling confidence in the company's three-year strategic plan. For retail holders, the combination of record results, margin expansion, and disciplined capital allocation demonstrates operational momentum and a clear path to sustained profitability growth.
Section-by-Section Diff
Event · Exhibit 99.1
Daktronics reported record fiscal 2026 sales of $838.7M and orders of $860.8M, with Q4 adjusted EPS of $0.27, up 50% YoY.
Added in current filing · view on EDGAR →
Q4 EPS of $0.17, adjusted EPS(1) of $0.27, up 50% from adjusted EPS(1) YoY ... Fourth quarter fiscal 2026 earnings per diluted share were $0.17, compared to a loss per diluted share of $0.19 in the fourth quarter fiscal 2025. ... Fourth quarter fiscal 2026 adjusted EPS(1) of $0.27 excludes a $3.8 million provision for possible credit losses related to the exit of an investment in an affiliate and was up 50.0 percent from adjusted EPS(1) in the year-earlier period.
Fourth quarter diluted EPS was $0.17 versus a loss of $0.19 in the prior-year quarter. Adjusted EPS of $0.27 (excluding a $3.8 million credit-loss provision on an affiliate investment) rose 50% year-over-year, reflecting higher sales, wider gross margins, and operational efficiencies.
Added in current filing · view on EDGAR →
Q4 operating margin of 6.8% compared to negative operating margin of 1.0% in the year-earlier period, full year operating margin of 7.3%, compared to 4.4% in fiscal 2025 ... gross profit as a percentage of net sales increased to 27.3 percent, including warranty recapture, for fiscal 2026 from 25.8 percent in the prior year. Factors contributing to the margin increase included value-based price increases and operational efficiencies in working capital.
Operating margin improved to 7.3% for fiscal 2026 from 4.4% in fiscal 2025, driven by gross margin expansion to 27.3% (from 25.8%) due to value-based pricing, operational efficiencies, and a warranty recapture. Fourth quarter operating margin was 6.8% versus a negative 1.0% in the prior-year quarter.
Added in current filing · view on EDGAR →
During fiscal 2026, the Company repurchased 1.4 million shares of common stock at the volume-weighted average price of $17.80, equaling $25.4 million of share repurchases. In the fourth quarter of fiscal 2026, the Company repurchased 0.1 million shares of common stock at the volume-weighted average price of $19.56, equaling $2.6 million of share repurchases.
Daktronics repurchased 1.4 million shares for $25.4 million during fiscal 2026 at an average price of $17.80, including 0.1 million shares for $2.6 million in the fourth quarter at $19.56 per share, as part of its capital-return strategy.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 22, 2026, the Board of Directors of the Company voted to authorize additional repurchases of outstanding shares of the Company’s common stock (“Share Repurchases”) under the Company’s existing stock repurchase program (the “Repurchase Program”). The authorization increased the total amount available under the Repurchase Program as of the date of the authorization to $40.0 million.
The Board authorized additional share repurchases under the existing program, bringing total available capacity to $40.0 million as of June 22, 2026.Repurchases will occur at management's discretion based on market conditions and other factors, with no fixed timeline or commitment to purchase any specific amount.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On June 24, 2026, the Company posted supplemental investor materials, including a slide presentation, on its investor.daktronics.com website.
Daktronics disclosed that it posted supplemental investor materials, including a slide presentation, to its investor relations website. The filing does not specify the content of these materials. This is a routine Regulation FD disclosure indicating the company is making information available to investors through its website.
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