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

Daktronics, Inc. -2.29%

Daktronics, Inc.

DAKT

19.23

-2.29%


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.)

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