Short answer
DAKTRONICS INC /SD/ (DAKT) filed its fiscal 2026 10-K annual report with the SEC on Jun 24, 2026. It reported revenue of $839M (+10.9% year over year) and net income of $45M.
- Top risk flagged: Regulatory risk: Uncertain realization of U.S. tariff refunds under International Emergency Economic Powers Act, pending U.S. Customs and Border Protection review
FY2026 key financial metrics · XBRL
- Revenue
- $839M
- +10.9% YoY
- Net income
- $45M
- +548.3% YoY
- Operating margin
- 7.3%
- +2.9 pp YoY
- Gross margin
- 27.3%
- +1.5 pp YoY
- EPS (diluted)
- $0.92
- +538.1% YoY
- ROE
- 15.1%
- +18.8 pp YoY
- Operating cash flow
- $49M
- −49.6% YoY
Source: XBRL data from the DAKTRONICS INC /SD/ (DAKT) FY2026 10-K on SEC EDGAR. USD.
DAKTRONICS INC /SD/ FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Design, manufacture, and sale of electronic display systems and related solutions for sports, commercial, transportation markets with lifecycle support
- Emphasis on emerging micro-LED display technology and enhanced software capabilities in fiscal 2026 R&D efforts
- Strategic expansion of manufacturing footprint with planned new facility in Mexico for fiscal 2027
- Employee base decreased to 2,423 full-time and 270 part-time/temporary from prior year, total 2,693 previously reported
- Product order backlog increased to $356.2 million from $341.6 million, reflecting continued digital display market adoption
Management Discussion & Analysis
- Revenue $838.7M, up 10.9% YoY from $756.5M, driven by Commercial, Live Events, High School Park and Recreation, and International segments
- Operating margin 7.3% vs 4.4%; operating income $60.8M vs $33.1M, net income $45.4M vs net loss $10.1M in prior year
- Best segment: Live Events operating margin 19.8% ($63.7M contribution margin), worst: International 7.4% ($5.7M contribution margin)
- Operating cash flow $49.2M vs $97.7M prior year; capex $14.9M vs $19.5M prior year; repurchased shares $25.6M; no dividends paid
- Management highlights tariff uncertainties, plans $26.6M capex in 2027, expanding Mexico facility, ongoing digital transformation investments, and monitoring customer demand and geopolitical risks
Risk Factors
- Regulatory risk: Uncertain realization of U.S. tariff refunds under International Emergency Economic Powers Act, pending U.S. Customs and Border Protection review
- Geopolitical risk: Supply chain exposure to Taiwan and China suppliers affected by import/export controls, tariffs, and global tensions
- Operational risk: Dependency on single or limited suppliers for semiconductor components with potential for shortages and extended lead times
- Competitive risk: Pricing and product development pressure from lower-cost foreign and domestic competitors with greater capital resources
- Financial risk: $3.8 million provision for uncollectible affiliate loans recorded in fiscal 2026, affecting financial condition
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.