Daktronics swings to $45.4M profit on 10.9% revenue growth; tariff volatility persists

Filed June 24, 2026 · Period ending May 2, 2026 · Compared to 10-K Jun 25, 2025 · ~2 min read

Key Changes

• high

  Net income swung to $45.4M (5.4% margin) from $10.1M loss prior year, driven by 10.9% revenue growth, 150bp gross margin expansion to 27.3%, and absence of $22.5M convertible note fair-value charge that depressed FY25.

  MD&A: Profitability verify on EDGAR →
• high

  Operating cash flow fell $48.5M to $49.2M as working capital increased $44.9M to $254.3M, driven by higher receivables, contract assets, and inventory tied to increased project activity and billing timing.

  MD&A: Cash Flow verify on EDGAR →
• high

  Tariff exposure quantified: 80% U.S. manufacturing relies on components from 40+ countries; tariffs range 10%+ and remain elevated after court invalidations, adversely impacting margins and customer behavior. Company pursuing uncertain CBP refunds.

  Risk Factors: Tariffs verify on EDGAR →