Daktronics Inc DAKT

Information TechnologyElectronic Equipment & PartsUnited States of America

Last close 19.12 USD on Nov 2, 2026, −3.3% year to date

Quant rating

Quant rating B Rank 76 of 389 in Information Technology

Growth C 177 of 389
Valuation A 22 of 389
Quality B 104 of 389
Revisions C 156 of 389
Momentum C 181 of 389

Wall Street consensus Buy (2.00)Average target 33.67 USD +76.1%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 924M
Enterprise value: 780M
52-week range: 16.88 – 28.22
3-year range: 7.27 – 28.22
Dividend yield: –
Beta (5 years): 1.70
Shares outstanding: 48.3M
Next earnings: Dec 8, 2026

About the company

Daktronics, Inc. is a global designer and manufacturer of dynamic video communication displays and control systems for customers worldwide. Commercial segment consists of sales of its integrated video display systems, digital billboards, Galaxy and Fuelight product lines, and dynamic messaging systems. Live Events segment consists of sales of integrated scoring and video display systems, and sales of its mobile display technology to video rental organizations and other live event-type venues. High School Park and Recreation segment consists of sales of scoring systems, Galaxy displays and video display systems to primary and secondary education facilities and resellers. Transportation segment consists of sales of intelligent transportation systems, dynamic messaging signs for road management, mass transit, aviation applications and others. Its MicroLED fabrication offers advanced display solutions with pixel pitches for large-format video walls and medium-sized commercial displays.

Growth and profitability fiscal year ends April 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	839	756	818	754	611	–
Revenue growth	10.9%	−7.5%	8.5%	23.4%	26.7%	11.7%
EPS (basic, normalized)	1.05	0.84	1.28	0.15	0.01	–
EPS growth	25.0%	−34.4%	753.3%	1,400.0%	–	–
Gross margin	27.3%	25.8%	27.2%	20.1%	19.1%	23.9%
Net margin	5.4%	−1.3%	4.2%	0.9%	0.1%	1.9%
ROE	15.8%	−4.0%	15.7%	3.5%	0.3%	6.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	155
Current ratio	2.17x
Long-term debt (mil)	9.4
Net debt (mil)	−144
Total equity (mil)	318
Net debt / equity	−0.45x
Net debt / EBITDA	−1.72x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	839	+10.9%	0.9x	84.0	+22.4%	9.3x	1.05	+25.0%	18.2x
2027	895	+6.7%	0.9x	92.5	+10.2%	8.4x	1.21	+14.9%	15.8x
2028	966	+8.0%	0.8x	122	+32.2%	6.4x	1.60	+32.6%	11.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	895	−0.2%	−1.0%	−1.4%	1.21	−0.8%	+2.0%	+2.3%
2028	966	−0.1%	−0.1%	−0.2%	1.60	+5.5%	+9.1%	+10.3%
2029	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	216	226	208	150	173	219	229	182	209	235
Sales mean (mil)	186	229	203	171	194	213	214	181	205	235
Surprise	+15.9%	−1.3%	+2.8%	−12.4%	−11.0%	+2.6%	+7.1%	+0.5%	+1.6%	−0.1%
EPS reported	0.27	0.35	0.27	0.01	0.18	0.33	0.35	0.09	0.27	0.40
EPS mean	0.15	0.28	0.20	0.08	0.15	0.25	0.27	0.13	0.20	0.36
Surprise	+74.2%	+25.0%	+35.0%	−88.0%	+17.4%	+32.0%	+32.1%	−30.8%	+37.3%	+12.1%

Peer comparison Electronic Equipment & Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
DAKT Daktronics Inc	924M	−1.72x	5.4%	2.89x	15.8x	11.9x	8.4x	6.4x
034220 LG Display Co Ltd	2.8B	2.51x	0.9%	0.59x	−10.5x	5.8x	3.6x	3.5x
3481 Innolux Corp	10.9B	−1.28x	0.1%	1.58x	22.3x	53.6x	9.3x	9.3x
GLW Corning Incorporated	106.1B	1.39x	10.2%	8.16x	36.5x	27.3x	19.6x	15.4x
NOVT Novanta Inc.	5.5B	−2.20x	5.5%	3.42x	39.6x	37.6x	18.2x	14.6x
OUST Ouster, Inc.	2.0B	21.02x	−35.6%	5.21x	−28.6x	−52.7x	−65.1x	−554.4x
Mean		3.29x	−2.3%	3.64x	12.5x	13.9x	−1.0x	−84.2x
Median		0.06x	3.1%	3.16x	19.1x	19.6x	8.9x	7.8x

Technical analysis

1M+6.5%
3M−3.3%
1Y+1.8%
3Y+101.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Daktronics Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	839	756	818	754	611	482
Cost of revenue	610	561	596	603	494	361
Gross profit	229	195	222	151	117	121
Selling, general & administrative expenses	125	124	99.6	95.4	83.6	76.6
Research & development	43.5	38.9	35.7	30.0	29.0	26.8
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−0.5	0	0	4.6	–	–
Other operating expenses	0	0	0	0	0	0
Operating income	61.3	33.1	87.1	21.4	4.0	17.1
Net interest income (expense)	0.5	−1.0	−13.3	−8.2	−3.0	−3.1
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−3.5	−37.9	−19.8	0.1	0.1	0.1
Net income before taxes	58.3	−5.9	54.1	13.3	1.1	14.1
Provision for taxes	13.0	4.3	19.4	6.5	0.5	3.1
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	45.4	−10.1	34.6	6.8	0.6	10.9
Extraordinary items	–	–	–	–	–	–
Net income	45.4	−10.1	34.6	6.8	0.6	10.9
EBIT, normalized	60.8	33.1	87.1	26.0	4.0	17.1
EBITDA, normalized	78.6	51.0	105	43.0	19.4	34.2
Basic EPS, normalized	1.05	0.84	1.28	0.15	0.01	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Daktronics Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	132	128	81.3	24.5	21.2	77.6
Receivables	195	140	174	158	146	103
Total inventory	110	106	138	149	134	74.4
Prepaid expenses	11.3	8.5	8.5	9.7	15.0	7.4
Other current assets	0	0	0.4	0.7	0.9	2.8
Total current assets	448	381	402	343	318	265
Property, plant & equipment	64.3	73.9	71.8	72.1	66.8	58.7
Goodwill	3.7	3.2	3.2	3.2	7.9	8.4
Intangibles	3.3	0.6	0.8	1.1	1.5	2.1
Long-term investments	11.8	9.4	21.2	27.9	32.3	27.4
Note receivable	1.1	1.0	0.6	0.3	1.5	1.6
Other long-term assets	22.3	33.4	28.4	20.7	13.3	11.9
Total assets	554	503	528	468	441	375
Liabilities
Accounts payable	68.6	46.7	60.8	67.5	76.3	40.3
Payable/accrued	–	–	–	–	–	–
Accrued expenses	44.9	41.7	43.0	36.0	35.0	30.7
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	1.1	1.5	1.5	–	–	–
Other current liabilities	79.1	82.1	87.0	107	102	75.7
Total current liabilities	194	172	192	210	214	147
Long-term debt	9.6	10.5	53.2	17.8	0	0
Minority interest	–	–	–	–	–	–
Other liabilities	50.3	48.5	43.6	39.3	35.6	35.0
Total liabilities	254	231	289	267	249	182
Shareholders' equity
Preferred stock	0	0	–	–	–	–
Common stock	0	0	65.5	63.0	61.8	60.6
Additional paid-in capital	197	190	52.0	50.3	48.4	46.6
Retained earnings (accumulated deficit)	173	128	138	103	96.6	96.0
Treasury stock	−65.3	−39.8	−10.3	−10.3	−10.3	−7.3
Other equity	−4.1	−6.2	−6.5	−5.5	−4.9	−2.3
Total equity	301	272	239	201	192	194
Total liabilities & shareholders' equity	554	503	528	468	441	375

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Daktronics Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	45.4	−10.1	34.6	6.8	0.6	10.9
Depreciation, depletion & amortization	19.3	19.5	19.3	17.0	15.4	17.1
Deferred taxes	9.9	−6.3	−9.1	−3.6	−1.6	1.3
Non-cash items	10.5	42.0	32.7	14.5	3.6	5.9
Changes in working capital	−36.0	52.6	−14.3	−19.6	−45.0	31.0
Cash from operations	49.2	97.7	63.2	15.0	−27.0	66.2
Investing activities
Capital expenditures	−14.9	−19.5	−17.0	−25.4	−20.4	−7.9
Other investing cash flows	−4.7	−4.3	−4.3	0	−11.0	−2.3
Cash from investing	−19.6	−23.8	−21.3	−25.4	−31.4	−10.2
Financing activities
Financing cash flow items	−1.0	−1.0	−7.9	−1.4	−0.4	−0.6
Cash dividends paid	–	–	–	–	0	0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−25.3	−26.4	23.0	19.0	−3.2	−15.0
Cash from financing	−26.2	−27.4	15.1	17.6	−3.6	−15.6
Foreign exchange effects	0.8	−0.7	−0.1	−0.5	−0.4	−0.4
Net change in cash	4.1	45.8	57.0	6.7	−62.4	40.0
Free cash flow	34.3	78.2	46.3	−10.4	−47.4	58.3

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.