DAKTRONICS posted quarterly net sales of $234.565 million and Net Income of $19.43 million, with Diluted Earnings per Share at $0.40. Investors also have a $311.3 million product order Backlog expected to be fulfilled within 24 months, while cash and cash equivalents stood at $154.585 million.

Key Highlights

  • Diluted earnings per share reached $0.40 for the quarter ended August 1, 2026.
  • Cash and cash equivalents increased to $154.585 million from $131.639 million.
  • Product order backlog stood at $311.3 million, compared with $360.3 million a year earlier.

DAKTRONICS (NASDAQ: DAKT) generated $234.565 million in net sales for the quarter ended August 1, 2026, compared with $218.972 million in the prior-year quarter. Net income was $19.43 million, while basic and diluted earnings per share were each $0.40. Operating Income reached $24.936 million.

Quarterly Profit And Sales Gross

profit was $71.599 million, up from $65.072 million in the prior-year quarter. Cost of sales increased to $162.966 million from $153.900 million. Selling expenses were $18.990 million, compared with $16.834 million previously. General and administrative costs were $15.559 million, versus $14.295 million, while product design and development expenses reached $12.114 million from $10.671 million. Income before income taxes was $25.667 million, compared with $22.223 million. Income tax expense was $6.237 million, versus $5.753 million. Basic weighted average shares outstanding were 48.185 million, compared with 48.902 million in the prior-year quarter. Diluted weighted average shares outstanding were 48.901 million, compared with 49.736 million.

Product Order Backlog Product

order backlog was $311.3 million as of August 1, 2026, compared with $360.3 million a year earlier and $356.2 million as of May 2, 2026. The company said the year-over-year decrease reflected existing backlog converting into Revenue faster than order intake during the quarter. The backlog is expected to be fulfilled within the next 24 months. The timing can be affected by project delays linked to customer site conditions.

Cash

and Current Assets Cash and cash equivalents were $154.585 million as of August 1, 2026, compared with $131.639 million as of May 2, 2026. Total current assets were $500.776 million, versus $447.982 million. Accounts receivable, net, stood at $154.700 million, while inventories were $117.517 million. Contract assets were $51.608 million. Total assets were $607.380 million, compared with $554.412 million. Current portion of long-term Debt was $1.150 million, and long-term debt, net, was $9.355 million.

Cash Flow

and Repurchase Program Net cash provided by Operating Activities was $31.433 million, compared with $26.097 million in the prior-year quarter. Net cash used in investing activities was $3.909 million, while financing activities used $4.500 million. The board-authorized repurchase program had a maximum value of $105.897 million as of August 1, 2026. DAKTRONICS repurchased 0.2 million common stock shares during the quarter at a total cost of $4.410 million, leaving $36.0 million available under the program.