DAKTRONICS INC /SD/ (DAKT) FY2026 10-K Annual Report
DAKTRONICS INC /SD/ (DAKT) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Jun 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
DAKTRONICS INC /SD/ FY2026 10-K Analysis
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
DAKTRONICS INC /SD/ FY2026 Key Financial MetricsXBRL
Revenue
$839M
▲ +10.9% YoY
Net Income
$45M
▲ +548.3% YoY
Gross Margin
27.3%
▲ +146bp YoY
Operating Margin
7.3%
▲ +288bp YoY
Net Margin
5.4%
▲ +675bp YoY
ROE
15.1%
▲ +1881bp YoY
Total Assets
$554M
▲ +10.2% YoY
EPS (Diluted)
$0.92
▲ +538.1% YoY
Operating Cash Flow
$49M
▼ -49.6% YoY
Source: XBRL data from DAKTRONICS INC /SD/ FY2026 10-K filing on SEC EDGAR. All figures in USD.
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