Daktronics, Inc.
- Open
- 21.52
- Day high
- 21.55
- Day low
- 20.58
- Prev close
- 21.20
- Volume
- 321K
- Mkt cap
- $997M
- P/E (TTM)
- 22.1
- EPS (TTM)
- $0.93
- P/B
- 3.3
- P/S
- 1.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$150K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions reducing (13F)
Daktronics, Inc. (DAKT) is a Technology company listed on NASDAQ. The stock is up 19% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Daktronics, Inc. (DAKT) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DAKT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 24, 2026 | $0.20 | $0.27 | +37.3% | $209M | +1.6% |
| Mar 4, 2026 | $0.18 | $0.09 | -50.0% | $182M | -12.4% |
| Dec 10, 2025 | $0.27 | $0.35 | +32.1% | $229M | +7.2% |
| Sep 10, 2025 | $0.24 | $0.33 | +37.5% | $219M | +0.6% |
| Jun 25, 2025 | $0.18 | $0.18 | +0.0% | $173M | -17.6% |
| Mar 5, 2025 | $0.09 | $0.01 | -88.9% | $150M | -20.9% |
| Dec 4, 2024 | $0.20 | $0.08 | -60.0% | $208M | +13.6% |
| Sep 4, 2024 | $0.30 | $0.36 | +20.0% | $226M | -1.3% |
| Feb 28, 2024 | $0.17 | $-0.03 | -117.6% | $170M | -8.5% |
| Dec 5, 2023 | $0.13 | $0.28 | +115.4% | $199M | -6.7% |
| Sep 6, 2023 | $0.17 | $0.63 | +270.6% | $233M | +8.8% |
| Mar 8, 2023 | $0.09 | $0.16 | +77.8% | $185M | +12.3% |
DAKT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 21, 2026 | Wiemann Bradley Tofficer: Executive Vice President | Sell | 4,000 | $19.22 |
| Jul 16, 2026 | Jayaraman Rameshofficer: President and CEO | Grant | 32,762 | — |
| Jul 16, 2026 | Anderson Sheila Maeofficer: CDAO | Grant | 6,978 | — |
| Jul 16, 2026 | Kurtenbach Matthew Johnofficer: VP of Manufacturing | Grant | 7,273 | — |
| Jul 16, 2026 | Wendler Brett Davidofficer: VP of Design & Development | Grant | 7,076 | — |
| Jul 2, 2026 | Anderson Sheila Maeofficer: CDAO | Sell | 3,636 | $20.01 |
| Jul 2, 2026 | Anderson Sheila Maeofficer: CDAO | Option | 7,500 | $9.57 |
| May 6, 2026 | Wendler Brett Davidofficer: VP of Design & Development | Buy | 98 | $15.97 |
| Mar 9, 2026 | Anderson Sheila Maeofficer: CDAO | Tax | 1,379 | $22.99 |
| Mar 9, 2026 | Kurtenbach Matthew Johnofficer: VP of Manufacturing | Tax | 1,365 | $22.99 |
| Mar 9, 2026 | Kurtenbach Matthew Johnofficer: VP of Manufacturing | Option | 4,606 | — |
| Mar 9, 2026 | Anderson Sheila Maeofficer: CDAO | Option | 4,653 | — |
| Feb 3, 2026 | GATZKE CARLA Sofficer: Secretary and VP of Human Reso | Option | 7,432 | — |
| Feb 3, 2026 | GATZKE CARLA Sofficer: Secretary and VP of Human Reso | Option | 23,139 | — |
| Jan 22, 2026 | Wiemann Bradley Tofficer: President and CEO | Option | 914 | $9.85 |
Source: DAKT SEC Form 4 filings, latest Jul 21, 2026. For informational purposes only — not investment advice.
See the full DAKT insider & 13F page →Daktronics, Inc. company profile
Overview
Daktronics, Inc. (NASDAQ:DAKT) is a South Dakota-based technology company founded in 1968 that specializes in designing, manufacturing, and selling electronic display systems worldwide. The company has evolved from its humble beginnings to become a leading provider of LED video displays, scoreboards, and digital signage solutions across multiple market segments. Headquartered in Brookings, South Dakota, Daktronics went public in 1994 and has built a reputation as a trusted supplier of display technology for sports venues, commercial applications, transportation infrastructure, and educational institutions.
Business
Daktronics operates in the electronic display systems industry, which encompasses LED video displays, digital signage, scoreboards, and related control systems. The company's core products are LED (Light Emitting Diode) displays that show video content, graphics, animations, and text messages for various applications. LED displays work by using thousands of tiny light-emitting diodes arranged in a matrix to create images and video, similar to how pixels work on a computer screen but at a much larger scale. The company operates through five distinct business segments: 1. Live Events (approximately 25-30% of revenue): This segment provides video displays, scoreboards, and sound systems for professional sports stadiums, college venues, and entertainment facilities. Products include large centerhung displays for basketball arenas, ribbon boards that wrap around stadium perimeters, and comprehensive scoring systems that track game statistics and timing. 2. Commercial (approximately 20-25% of revenue): Focuses on digital advertising displays such as digital billboards along highways, indoor video walls for corporate offices and retail locations, and "spectacular" displays - large landmark video screens in high-traffic urban areas like Times Square. 3. High School Park and Recreation (approximately 25-30% of revenue): Serves educational institutions and recreational facilities with scoreboards, video displays, and timing systems. This segment has experienced significant growth as schools transition from traditional scoreboards to full-color video displays. 4. Transportation (approximately 15-20% of revenue): Provides Intelligent Transportation Systems (ITS) including dynamic message signs for highways that display traffic information, weather alerts, and emergency messages. Also includes displays for airports, mass transit systems, and other transportation infrastructure. 5. International (approximately 5-10% of revenue): Serves global markets with similar products adapted for international standards and requirements, with particular strength in out-of-home advertising and sports venue applications.
Revenue model
Daktronics generates revenue primarily through direct product sales of its LED display systems, control equipment, and related hardware. The company operates on a project-based business model where customers purchase complete display solutions that can range from tens of thousands of dollars for small scoreboards to millions of dollars for large stadium video systems. The company's customers include professional sports teams, colleges and universities, high schools, government transportation departments, advertising companies, retail chains, and international venues. Payment typically occurs upon delivery and installation of systems, though larger projects may involve milestone-based payments during the project lifecycle. Revenue is also generated through professional services including system installation, maintenance contracts, and technical support. The company is increasingly focused on developing recurring revenue streams through ongoing service contracts, content management services, and system upgrades over the typical 10-15 year lifespan of display installations. Factors that positively impact margins include economies of scale in manufacturing, proprietary control system technology that commands premium pricing, and the company's "Made in America" positioning which appeals to government and institutional customers. The company's gross margins typically range from 20-27%, with higher-margin products including control systems and specialized displays. Margin pressures come from commodity pricing volatility for LED components and electronic parts, supply chain disruptions that increase procurement costs, competitive pricing pressure particularly in price-sensitive market segments, and the cyclical nature of large project timing. Transportation infrastructure spending, sports venue construction cycles, and economic conditions affecting advertising spending also significantly impact demand patterns.
Competitive moat
Daktronics possesses a moderate competitive moat built primarily on its comprehensive product ecosystem, manufacturing expertise, and established customer relationships. The company's strongest defensive position comes from its integrated approach - providing not just LED displays but also proprietary control systems, software, installation services, and ongoing support. This creates switching costs for customers who become familiar with Daktronics' systems and rely on the company's technical expertise. The company's "Made in America" manufacturing provides advantages in government and military contracts where domestic sourcing is preferred or required. Its South Dakota manufacturing facilities and decades of LED display experience create operational expertise that is difficult to replicate quickly. However, the moat faces significant challenges. The LED display industry has relatively low barriers to entry for basic products, with numerous Chinese manufacturers offering competitive solutions at lower prices. Daktronics competes primarily on quality, service, and system integration rather than proprietary technology that cannot be replicated. The company's control systems and software provide some differentiation, but these advantages are not insurmountable. The competitive landscape includes both large multinational corporations and smaller specialized players. International competitors, particularly from Asia, often compete aggressively on price for standard display applications. The company's moat is strongest in complex, high-service applications like major sports venues where reputation, reliability, and ongoing support are critical, but weaker in commodity-like applications such as basic digital billboards where price competition is intense.
Risks & safety
Daktronics presents a moderate margin of safety with solid balance sheet fundamentals but earnings volatility concerns. • Financial Strength: Strong balance sheet with $132 million in cash and short-term investments, current ratio of 2.43, and debt-to-equity ratio of only 0.16. No significant solvency risk. • Cash Generation: Positive operating cash flow of $12 million in Q3 2025, though down from stronger prior quarters. Free cash flow of $7.8 million indicates the business generates cash after capital investments. • Valuation Concerns: Current EV/EBITDA of 141x is extremely elevated due to low Q3 EBITDA of only $1.3 million. Trailing twelve-month metrics show more reasonable valuations when business performs normally. • Earnings Volatility: Net loss of $17.2 million in Q3 2025 despite $149.5 million in revenue highlights the cyclical and project-dependent nature of the business. Operating leverage creates significant earnings swings. • Working Capital: High inventory levels and project-based revenue create working capital intensity, though current assets of $394 million provide substantial cushion against current liabilities of $162 million.
Recent development
Over the past few years, Daktronics has undergone significant strategic transformation under a comprehensive digital transformation initiative. The company is investing approximately $40 million annually in product development, focusing on advancing LED technology including Flip-Chip technology and Narrow Pixel Pitch displays that provide enhanced image quality and durability. A major leadership transition occurred in Q3 2025 when longtime leader Reece Kurtenbach stepped down after 34 years, with Brad Wehman appointed as interim President and CEO while the board conducts a search for permanent leadership. This transition comes as the company pursues ambitious financial targets for FY2028 including 17-20% return on invested capital, 7-9% annual revenue growth, and 10-12% operating margins. The company has significantly strengthened its balance sheet, growing cash from $24.7 million in FY2023 to over $130 million currently. Operationally, Daktronics is modernizing its enterprise systems with new ERP implementations, enhanced e-sales channels, and improved service management systems launching in spring 2025. Market expansion efforts include growing penetration in the High School segment, where less than 10% of schools currently have video displays, representing substantial growth opportunity. The company is also developing recurring revenue streams through content services, maintenance contracts, and cloud-based control systems. International markets are showing recovery with improved quote-to-order conversion rates, particularly in Europe, Middle East, and Australia. Product innovation continues with investments in control room displays for military applications, enhanced audio-visual integration capabilities, and manufacturing automation to improve cost structure and capacity flexibility.
DAKT company profile · for informational purposes only — not investment advice.
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