Strong Start to Fiscal 2026
Daktronics delivered a strong beginning to fiscal 2026 with an ending cash balance of $136.9 million and a backlog of $360 million, setting up well for future revenue generation.
Record Order Growth
Record order growth from the high school park and recreation business supported a 35% order growth year over year, strengthening backlog.
Live Events Success
Daktronics won three of the three large major league sports projects in Q1, along with several college and university projects, driving orders up by 81% year over year and 10% sequentially.
Improved Gross Margins
Gross margins improved due to value-based pricing, fixed cost leveraging, and cost control, supported by a mix of revenues across businesses.
Financial Performance
Net income rose to $16.5 million or $0.33 per fully diluted share, with operating cash flow improving by 34% year over year.