Daktronics reported strong financial results for the fiscal 2026 second quarter.
Operating profit increased by 36.7% year-over-year to $22 million with an operating margin of 9.4%.
Double-digit growth in orders and sales, entering the second half with $321 million of product backlog.
The company reiterated its three-year forward objectives of 7-10% sales growth, 10-12% operating margin, and 17-20% return on invested capital.
Operating Profit Growth
Operating profit increased by 36.7% year-over-year, reaching $22 million.
Product Backlog
Entering the second half with a product backlog of $321 million, up by 36% from the second quarter of fiscal 2025.
Sales Growth
Sales reached $229.3 million, reflecting the third consecutive quarter of sequential revenue growth.
Order Growth
New orders for product and service rose to $199.1 million for the quarter, a significant increase from the previous year.
Business Transformation
Continued progress in business and digital transformation with a focus on driving profitable growth and operational efficiencies.
- Daktronics demonstrated strong financial performance with operating income increasing to $21.6 million for the quarter and a rise in operating margin to 9.4%.
- The company saw growth in sales, new orders, and product backlog, indicating positive momentum in its business operations.
Daktronics remains focused on expanding its market opportunities, enhancing product offerings, and driving profitable growth through digital transformation.