Daktronics (DAKT)
Market Price (8/24/2026): $19.12 | Market Cap: $927.1 MilSector: Information Technology | Industry: Electronic Components
Daktronics (DAKT)
Market Price (8/24/2026): $19.12Market Cap: $927.1 MilSector: Information TechnologyIndustry: Electronic Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14% Attractive yieldFCF Yield is 6.7% Low stock price volatilityVol 12M is 47% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Experiential Retail, and Travel & Leisure Tech. | Weak multi-year price returns2Y Excs Rtn is -13% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 104x Key risksDAKT key risks include [1] cost pressures from tariffs on key components and materials, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14% |
| Attractive yieldFCF Yield is 6.7% |
| Low stock price volatilityVol 12M is 47% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Experiential Retail, and Travel & Leisure Tech. |
| Weak multi-year price returns2Y Excs Rtn is -13% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 104x |
| Key risksDAKT key risks include [1] cost pressures from tariffs on key components and materials, Show more. |
Qualitative Assessment
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Daktronics (DAKT) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Strong Fiscal Year 2026 Performance and Positive Earnings Beat. Daktronics reported record net sales of $838.7 million for fiscal 2026, an increase of 10.9% year-over-year. For fiscal Q4 2026, which ended May 2, 2026, sales increased by 20.9% year-over-year to $208.6 million. The company also significantly exceeded analyst expectations with an adjusted diluted EPS of $0.27 for fiscal Q4 2026, beating the consensus estimate of $0.20 by $0.07. Full-year adjusted EPS for fiscal 2026 rose by approximately 25% to $1.05. These strong financial results and a beat on earnings provided a solid floor for the stock, preventing significant declines.
2. Robust Backlog and Strategic Initiatives Indicating Future Growth. Daktronics announced a record product backlog of $356.2 million at the end of fiscal Q4 2026, representing a 4.3% increase from the prior year, and record new orders totaling $860.8 million for the full fiscal year. Management also reaffirmed long-term fiscal 2028 targets, aiming for a 10% revenue Compound Annual Growth Rate (CAGR), 10-12% operating margin, and 17-20% Return on Invested Capital (ROIC). The company is also expanding its manufacturing capacity with a new facility in Saltillo, Mexico, with production commencing in July 2026 and initial shipments expected in fiscal Q2 2027. These positive indicators for sustained future growth likely supported the stock's valuation, offsetting potential downward pressures.
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Daktronics (DAKT) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Strong Fiscal Year 2026 Performance and Positive Earnings Beat. Daktronics reported record net sales of $838.7 million for fiscal 2026, an increase of 10.9% year-over-year. For fiscal Q4 2026, which ended May 2, 2026, sales increased by 20.9% year-over-year to $208.6 million. The company also significantly exceeded analyst expectations with an adjusted diluted EPS of $0.27 for fiscal Q4 2026, beating the consensus estimate of $0.20 by $0.07. Full-year adjusted EPS for fiscal 2026 rose by approximately 25% to $1.05. These strong financial results and a beat on earnings provided a solid floor for the stock, preventing significant declines.
2. Robust Backlog and Strategic Initiatives Indicating Future Growth. Daktronics announced a record product backlog of $356.2 million at the end of fiscal Q4 2026, representing a 4.3% increase from the prior year, and record new orders totaling $860.8 million for the full fiscal year. Management also reaffirmed long-term fiscal 2028 targets, aiming for a 10% revenue Compound Annual Growth Rate (CAGR), 10-12% operating margin, and 17-20% Return on Invested Capital (ROIC). The company is also expanding its manufacturing capacity with a new facility in Saltillo, Mexico, with production commencing in July 2026 and initial shipments expected in fiscal Q2 2027. These positive indicators for sustained future growth likely supported the stock's valuation, offsetting potential downward pressures.
3. Analyst Consensus Ratings and Price Targets. As of mid-August 2026, Daktronics held a "Strong Buy" or "Buy" consensus rating from analysts. Analyst price targets ranged from $27.00 to $30.50, suggesting a significant upside from the stock's trading levels during the period. For example, Roth Capital raised its price target to $29.00 on July 2, 2026. While these positive outlooks provided a bullish sentiment, the market appears to have largely priced in the strong earnings and future prospects, leading to a period of consolidation rather than continued upward momentum within the specified timeframe.
4. Share Repurchase Program. During fiscal 2026, Daktronics repurchased 1.4 million shares of its common stock for a total of $25.4 million at a volume-weighted average price of $17.80. This share buyback program demonstrates management's confidence in the company's value and actively contributes to supporting the stock price by reducing the outstanding share count. This consistent buying activity from the company likely helped stabilize the stock around its current levels by providing demand for its shares.
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Stock Movement Drivers
Fundamental Drivers
The -2.3% change in DAKT stock from 4/30/2026 to 8/23/2026 was primarily driven by a -2.3% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.66 | 19.20 | -2.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 803 | 803 | 0.0% |
| Net Income Margin (%) | 3.4% | 3.4% | 0.0% |
| P/E Multiple | 34.6 | 33.8 | -2.3% |
| Shares Outstanding (Mil) | 48 | 48 | 0.0% |
| Cumulative Contribution | -2.3% |
Market Drivers
4/30/2026 to 8/23/2026| Return | Correlation | |
|---|---|---|
| DAKT | -2.3% | |
| Market (SPY) | 6.5% | 49.6% |
| Sector (XLK) | 14.9% | 41.8% |
Fundamental Drivers
The -17.1% change in DAKT stock from 1/31/2026 to 8/23/2026 was primarily driven by a -77.8% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.15 | 19.20 | -17.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 770 | 803 | 4.2% |
| Net Income Margin (%) | 1.0% | 3.4% | 258.6% |
| P/E Multiple | 152.5 | 33.8 | -77.8% |
| Shares Outstanding (Mil) | 49 | 48 | 0.2% |
| Cumulative Contribution | -17.1% |
Market Drivers
1/31/2026 to 8/23/2026| Return | Correlation | |
|---|---|---|
| DAKT | -17.1% | |
| Market (SPY) | 11.0% | 43.7% |
| Sector (XLK) | 27.6% | 38.5% |
Fundamental Drivers
The 18.4% change in DAKT stock from 7/31/2025 to 8/23/2026 was primarily driven by a 9.2% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.22 | 19.20 | 18.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 756 | 803 | 6.1% |
| P/S Multiple | 1.1 | 1.2 | 9.2% |
| Shares Outstanding (Mil) | 50 | 48 | 2.1% |
| Cumulative Contribution | 18.4% |
Market Drivers
7/31/2025 to 8/23/2026| Return | Correlation | |
|---|---|---|
| DAKT | 18.4% | |
| Market (SPY) | 22.2% | 39.9% |
| Sector (XLK) | 40.1% | 34.8% |
Fundamental Drivers
The 167.0% change in DAKT stock from 7/31/2023 to 8/23/2026 was primarily driven by a 280.4% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.19 | 19.20 | 167.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 754 | 803 | 6.4% |
| Net Income Margin (%) | 0.9% | 3.4% | 280.4% |
| P/E Multiple | 48.3 | 33.8 | -29.9% |
| Shares Outstanding (Mil) | 46 | 48 | -5.8% |
| Cumulative Contribution | 167.0% |
Market Drivers
7/31/2023 to 8/23/2026| Return | Correlation | |
|---|---|---|
| DAKT | 167.0% | |
| Market (SPY) | 73.2% | 39.9% |
| Sector (XLK) | 109.4% | 36.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DAKT Return | 8% | -44% | 201% | 99% | 17% | -3% | 310% |
| Peers Return | -18% | 84% | 17% | 40% | -5% | 13% | 165% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| DAKT Win Rate | 50% | 25% | 75% | 67% | 67% | 62% | |
| Peers Win Rate | 25% | 42% | 58% | 58% | 58% | 38% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DAKT Max Drawdown | -37% | -67% | -32% | -26% | -36% | -31% | |
| Peers Max Drawdown | -39% | -27% | -27% | -16% | -41% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LYTS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)
How Low Can It Go
| Event | DAKT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.9% | -18.8% |
| % Gain to Breakeven | 46.9% | 23.1% |
| Time to Breakeven | 91 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -49.4% | -24.5% |
| % Gain to Breakeven | 97.8% | 32.4% |
| Time to Breakeven | 176 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.9% | -33.7% |
| % Gain to Breakeven | 46.9% | 50.9% |
| Time to Breakeven | 332 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -13.9% | -3.7% |
| % Gain to Breakeven | 16.1% | 3.9% |
| Time to Breakeven | 19 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -42.3% | -12.2% |
| % Gain to Breakeven | 73.4% | 13.9% |
| Time to Breakeven | 2819 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -40.7% | -6.8% |
| % Gain to Breakeven | 68.6% | 7.3% |
| Time to Breakeven | 2850 days | 15 days |
In The Past
Daktronics's stock fell -31.9% during the 2025 US Tariff Shock. Such a loss loss requires a 46.9% gain to breakeven.
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| Event | DAKT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.9% | -18.8% |
| % Gain to Breakeven | 46.9% | 23.1% |
| Time to Breakeven | 91 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -49.4% | -24.5% |
| % Gain to Breakeven | 97.8% | 32.4% |
| Time to Breakeven | 176 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.9% | -33.7% |
| % Gain to Breakeven | 46.9% | 50.9% |
| Time to Breakeven | 332 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -42.3% | -12.2% |
| % Gain to Breakeven | 73.4% | 13.9% |
| Time to Breakeven | 2819 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -40.7% | -6.8% |
| % Gain to Breakeven | 68.6% | 7.3% |
| Time to Breakeven | 2850 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -25.6% | -17.9% |
| % Gain to Breakeven | 34.5% | 21.8% |
| Time to Breakeven | 108 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -75.3% | -53.4% |
| % Gain to Breakeven | 305.4% | 114.4% |
| Time to Breakeven | 5618 days | 1085 days |
In The Past
Daktronics's stock fell -31.9% during the 2025 US Tariff Shock. Such a loss loss requires a 46.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Daktronics (DAKT)
Daktronics, Inc. is a global leader in designing, manufacturing, and selling electronic display systems and related products. The company specializes in creating visual communication solutions for a wide array of environments, from large-scale video displays for stadiums and arenas to informative signs for transportation hubs and commercial spaces. Its offerings primarily center around LED technology, providing dynamic visual content for various applications worldwide.
Daktronics' product portfolio is extensive, featuring prominent solutions such as large LED video display systems for live events and commercial venues, including centerhung displays, video walls, and ribbon boards. It also provides comprehensive scoring and timing systems for a wide range of sports, along with architectural lighting. Beyond sports and entertainment, the company manufactures dynamic message signs for intelligent transportation systems, digit displays for parking facilities and the petroleum industry, and out-of-home advertising billboards. Additionally, Daktronics offers control software and maintenance services to support its display products.
The company serves a diverse customer base across five main segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. This includes professional sports organizations, universities, and high schools needing scoreboards and video boards; municipal and state transportation authorities requiring dynamic message signs; retailers and convenience stores utilizing indoor networked solutions; and businesses seeking corporate office displays or digital advertising platforms. Daktronics reaches its customers through both direct sales and a network of resellers globally.
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Here are 1-2 brief analogies for Daktronics:
- Daktronics is like the Otis Elevator of large-scale digital displays and scoreboards, specializing in designing, manufacturing, and servicing complex visual information systems for stadiums, public spaces, and transportation.
- Think of them as the Samsung of stadium jumbotrons and custom outdoor LED displays, focusing on robust, large-format visual solutions for sports, public information, and advertising.
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- LED Video Displays: Large-format displays used in sports venues, corporate environments, and public spaces for various video, graphics, and animation content.
- Scoreboards: Electronic scoreboards designed for numerous sports, featuring digit displays, scoring/timing controllers, and statistics software.
- Timing Systems: Specialized equipment for precise timing in sports events, particularly aquatics and track, including touchpads and race start systems.
- Intelligent Transportation System (ITS) Dynamic Message Signs: LED displays for road management, mass transit, and aviation applications.
- Specialized Digit and Message Displays: Includes outdoor time and temperature displays, fuel price displays for the petroleum industry, and parking guidance systems.
- Out-of-Home Advertising Displays: Digital billboards and street furniture displays used for public advertising.
- Sound Systems: Audio solutions primarily designed for outdoor sports venues.
- ADFLOW DMS Systems: Indoor networked digital signage solutions tailored for retailers, convenience stores, and other businesses.
- Control Software: Proprietary software platforms such as Venus Control Suite and Show Control for managing and operating Daktronics' display systems.
- Maintenance and Professional Services: Support and upkeep services provided for their range of electronic display, scoreboard, and timing products.
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Major Customers of Daktronics (DAKT)
Based on the company description, Daktronics primarily sells its electronic display systems and related products to other companies and organizations. While specific customer names are not provided in the background information, their major customer categories can be identified as:
- Sports and Entertainment Organizations and Venues: This category encompasses professional sports teams, collegiate athletic departments, K-12 schools, municipalities (for park and recreation facilities), and larger entertainment complexes. These customers utilize Daktronics' wide array of scoreboards, video displays (e.g., centerhung, ribbon boards, video walls), timing systems, and sound systems for live events.
- Transportation and Infrastructure Authorities: This includes governmental entities and agencies responsible for managing road networks (e.g., Department of Transportation), mass transit systems, airports, and operators of parking facilities. Daktronics provides them with ITS dynamic message signs and digit/directional displays.
- Commercial and Retail Businesses: This broad category comprises various commercial entities such as general corporations (for corporate office entrance displays, architectural lighting), retailers and convenience stores (for indoor networked solutions like ADFLOW DMS), petroleum companies (for Fuelight digit displays), and outdoor advertising companies (for billboards and street furniture displays).
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Ramesh Jayaraman, President & CEO
Ramesh Jayaraman was appointed President and Chief Executive Officer of Daktronics, effective February 1, 2026. He brings over two decades of global leadership experience across technology-driven industrial sectors, audiovisual, and integrated solutions, as well as global manufacturing and services businesses. His career has spanned across Asia Pacific, Europe, and the United States. Most recently, he served as Senior Vice President and Americas Integration Leader for Bosch Home Comfort. During his tenure at Bosch, he held several senior leadership roles across the company's global Energy & Building Technologies portfolio. Earlier in his career, he led the Asia Pacific business for Harman Professional Solutions, served as Managing Director for Ariston Thermo Group's APAC operations, and held various commercial, operational, and strategy roles at Tyco/ADT. He began his career in consulting and business analysis. Jayaraman has a strong track record of driving transformational change and delivering significant organic growth.
Howard Atkins, Acting Chief Financial Officer (CFO) & Chief Transformation Officer
Howard Atkins assumed the role of Acting Chief Financial Officer and Chief Transformation Officer at Daktronics, effective March 5, 2025. He is a seasoned financial executive who currently owns and operates a consulting company that assists businesses in improving operating margins and developing growth strategies. Atkins is a former Chief Financial Officer of Wells Fargo, where he played a key role in successfully leading the bank through the 2008 financial crisis and organizing the acquisition of Wachovia Bank. He has extensive experience as a Board member, having served as a Director of Occidental Petroleum, Ingram Micro, and Express Scripts.
Sheila Anderson, Chief Data and Analytics Officer (CDAO)
Sheila Anderson transitioned to the newly created position of Chief Data and Analytics Officer in October 2024. Prior to this, she served as Daktronics' Chief Financial Officer and Treasurer from September 2012 until March 2025. Anderson joined Daktronics in 2002 as a senior accountant and became Corporate Controller in 2006. Her experience before joining Daktronics includes working in public accounting and consulting businesses in the Minneapolis area, as well as a senior accountant role at Dakota Minnesota and Eastern Railroad. She holds a Bachelor of Science degree in accounting and a Master of Business Administration.
Brad Wiemann, Executive Vice President
Brad Wiemann serves as an Executive Vice President at Daktronics. He previously held the role of interim President and CEO until January 31, 2026. Wiemann was promoted to Executive Vice President in June 2012 and is responsible for the Commercial and Transportation business units. He joined Daktronics in 1993, initially managing a design group that developed commercial and transportation products. Before joining Daktronics, he worked for Rockwell International Corporation, where he was involved in flight control systems development. Wiemann holds a Bachelor of Science degree in electrical engineering and a Master of Science degree in electrical and computer engineering.
Shawna Hanson, General Counsel & Corporate Secretary
Shawna Hanson is the General Counsel & Corporate Secretary for Daktronics.
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Here are the key risks to Daktronics' business:
- Technological Obsolescence and Intense Competition: Daktronics operates in the electronic display industry, which is characterized by rapid technological advancements and intense competition. The company's diverse product portfolio, including LED video displays, scoreboards, and message displays, relies on current display technologies. A failure to continuously innovate, adapt to emerging technologies, or keep pace with competitors offering superior or more cost-effective solutions could significantly erode Daktronics' market position and profitability.
- Economic Sensitivity and Discretionary Spending: Many of Daktronics' products, such as large video displays for live events, scoreboards for sports venues, and out-of-home advertising displays, represent significant capital expenditures for its customers. Economic downturns or budget tightening by businesses, educational institutions, municipalities, and sports organizations could lead to reduced or delayed investments in these products across Daktronics' Commercial, Live Events, High School Park and Recreation, Transportation, and International segments, thereby negatively impacting sales and revenue.
- Supply Chain Disruptions and Raw Material/Component Cost Volatility: As a manufacturer of electronic display systems, Daktronics is reliant on a stable and affordable supply of electronic components, raw materials, and other inputs. Disruptions in the global supply chain, such as those caused by geopolitical events, natural disasters, or increased demand, could lead to shortages, increased costs, and production delays. This volatility could impact Daktronics' ability to manufacture products efficiently, meet customer delivery schedules, and maintain profit margins.
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The rise of comprehensive, integrated "Smart Venue" and "Smart City" platforms offered by major technology companies or specialized integrators. These platforms aim to provide holistic management of urban spaces and event venues, bundling various technologies (including displays, IoT sensors, security, connectivity, analytics, and content management) into a single, often cloud-based, subscription-style service. If these platforms gain traction, they could commoditize individual hardware components like Daktronics' displays and control systems, reducing their strategic importance and potentially relegating Daktronics to a lower-margin hardware supplier role within a larger ecosystem controlled by others. This shifts the focus from best-in-class individual components to best-in-class integrated solutions and data analytics.
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Daktronics (NASDAQ: DAKT) operates in several addressable markets for its main products and services. The following provides an overview of the market sizes for these key areas, noting the region for each:
Electronic Display Systems and LED Video Displays
- The global electronic display market size was valued at approximately USD 163.61 billion in 2024 and is projected to reach around USD 226.45 billion by 2034, growing at a compound annual growth rate (CAGR) of roughly 3.7% between 2025 and 2034. Another source estimated the global electronic display market at USD 157.8 billion in 2023, projected to reach USD 199.8 billion by 2030, with a CAGR of 3.4% from 2024 to 2030. The Asia Pacific region dominated this market in 2023.
- The global LED display market size reached US$8.96 billion in 2023 and is expected to grow to US$10.33 billion in 2025, with a CAGR of 7.2%. Another report valued the global LED display market at around USD 29.86 billion in 2024, with a projection to reach USD 74.67 billion by 2034 at a CAGR of 9.6% between 2025 and 2034.
- Specifically, the global outdoor LED display market size was estimated at USD 8,311.0 million in 2023 and is projected to reach USD 23,381.5 million by 2030, growing at a CAGR of 15.9% from 2024 to 2030.
- The global direct view LED display market was valued at USD 7.7 billion in 2024 and is projected to reach USD 14.4 billion by 2034, growing at a CAGR of 6.6% from 2025 to 2034.
Scoreboards
- The global sports scoreboard market size was valued at USD 865.06 million in 2024 and is projected to reach USD 1,517.63 million by 2032, with a CAGR of 7.33% during the forecast period 2026-2032. Digital scoreboards accounted for the largest market share in 2024. North America held the largest market share in 2024.
- Another estimate for the global game scoreboard market valued it at approximately USD 3.7 billion in 2024, anticipated to reach around USD 7.8 billion by 2033, reflecting a CAGR of 8.2% from 2025 to 2033. North America held the largest share (approximately 38%) in 2024.
Out-of-Home (OOH) Advertising Displays (including Digital Billboards and Message Displays)
- The global out-of-home advertising market size was valued at USD 31.24 billion in 2024 and is projected to grow to USD 71.88 billion by 2033, with a CAGR of 9.7% during the forecast period (2026–2033).
- The global digital out of home (DOOH) market was valued at USD 16.22 million in 2024 and is expected to reach USD 43.8 million by 2033, growing at a CAGR of 11.67% from 2025 to 2033. The U.S. leads in DOOH spending and installed base.
Intelligent Transportation Systems (ITS) Dynamic Message Signs
- The global intelligent transportation system (ITS) market was valued at USD 47.2 billion in 2024 and is estimated to register a CAGR of 10.3% between 2025 and 2034, reaching around USD 121.4 billion by 2034. The Advanced Traffic Management System (ATMS) segment, which includes dynamic message signs, led the market in 2023 with approximately 35% of the revenue share.
- The U.S. intelligent transportation systems market size was valued at around USD 13.2 billion in 2024 and is predicted to grow to around USD 29.0 billion by 2034, with a CAGR of roughly 8.2% between 2025 and 2034. In 2024, the U.S. dominated the North American ITS market with revenue around USD 10.6 billion.
- The global market for Variable Message Signs for Intelligent Transportation Systems (ITS) is projected to grow from USD 1.67 billion in 2025 to USD 2.64 billion by 2031, at a 7.93% CAGR.
Sound Systems for Outdoor Sports Venues (part of Live Sound/Professional Audio Equipment)
- The global live sound equipment market size was valued at USD 1.24 billion in 2024 and is projected to grow from USD 1.31 billion in 2025 to USD 1.83 billion by 2034, exhibiting a CAGR of 6.1% during the forecast period.
- The professional audio market was valued at USD 12.50 billion in 2025 and is estimated to grow to USD 17.82 billion by 2031, at a CAGR of 6.1% during the forecast period (2026-2031). Loudspeakers led with 38.02% revenue share in 2025 within the professional audio market. North America held 33.12% of the professional audio market share in 2025.
- The global loudspeaker market size was estimated at USD 6,524.4 million in 2023 and is projected to reach USD 10,672.0 million by 2030, growing at a CAGR of 7.3% from 2024 to 2030. North America was the largest market in 2023.
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Daktronics (DAKT) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Strong Order Backlog and Efficient Conversion: The company has demonstrated a robust and growing order backlog, which provides significant revenue visibility for multiple quarters. Management has highlighted efficient conversion of these orders into revenue, with manufacturing teams working to fulfill the increased demand. This strong pipeline of secured projects underpins consistent future revenue.
- Continued Growth in the Live Events Segment: Daktronics has a strong track record and ongoing success in securing large projects within its Live Events segment. Recent achievements include major installations at five Major League Baseball stadiums and other sports venues, indicating sustained demand and project wins in this area.
- Expansion within the Transportation Segment: The Transportation segment has experienced record order growth, particularly in intelligent transportation systems (ITS) and airport projects. This increased uptake in critical infrastructure projects, both domestically and internationally, is a significant driver for future revenue.
- Advancements in Display Technology (Micro-LED): Daktronics has strategically acquired intellectual property and engineering teams from X Display Company (XDC) to accelerate its micro-LED and narrow-pixel capabilities. This focus on developing and integrating advanced display technologies is expected to expand product offerings and addressable markets, driving new revenue streams.
- Strategic International Market Expansion: While some international markets have experienced varied recovery, Daktronics is actively pursuing and securing significant orders in regions such as the Middle East for stadiums, the United Kingdom for advertising, and Ireland for transportation initiatives. The international segment has shown periods of strong growth, indicating potential for continued expansion.
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Share Repurchases
- Daktronics repurchased 547,501 shares for $10.56 million between November 3, 2025, and January 31, 2026.
- As of December 9, 2025, the Board of Directors approved an additional $20 million share repurchase authorization, with $25.7 million remaining available under the program.
- In fiscal year 2025, the company utilized $29.5 million for stock repurchases, acquiring 2.1 million shares at an approximate weighted average cost of $14.23 per share.
Share Issuance
- In fiscal year 2025, Daktronics issued 4.0 million shares for the conversion of a 9.0 percent convertible note payable.
- On September 3, 2025, stockholders approved the Daktronics, Inc. 2025 Stock Incentive Plan, replacing the prior 2020 plan.
Inbound Investments
- OCVIBE announced a $25 million partnership with Daktronics to deploy a fully integrated digital display system across its Anaheim campus.
Capital Expenditures
- Daktronics used $19.5 million for purchases of property and equipment during fiscal year 2025.
- The company is expanding its manufacturing capacity by adding facilities in Mexico and Ireland to enhance flexibility and complement its U.S. product fulfillment.
- In fiscal year 2025, $7.1 million was allocated to strategic and digital transformation initiatives, contributing to an increase in operating expenses that also included investments in IT staffing and sales team expansion.
Peer Outperformance in Electronic Components
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| DAKT | Daktronics | 4.6% | 33.8x | 13.6% | 132.7% | 218.4% | — |
| BELFA | Bel Fuse | 4.2% | 54.3x | 88.2% | 338.0% | 1332.3% | +1,114pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 56.5% | 203.8% | 337.5% | FLEX 733% · TTMI 686% · JBL 431% |
| Semiconductor Materials & Equipment | 27 | 137.0% | 78.5% | 122.3% | AEHR 1607% · AXTI 663% · KLAC 489% |
| Technology Distributors | 9 | 21.8% | 63.2% | 76.0% | CLMB 334% · AVT 153% · SNX 111% |
| Electronic Components ← | 26 | 54.5% | 63.6% | 57.4% | CLS 3162% · BELFA 1332% · LPTH 590% |
| Communications Equipment | 35 | 29.8% | 85.1% | 41.4% | AAOI 1714% · LITE 899% · ANET 702% |
| Semiconductors | 54 | 31.6% | 32.8% | 30.9% | POET 1926% · MU 1277% · NVDA 889% |
| Technology Hardware, Storage & Peripherals | 22 | 31.2% | 83.1% | 23.4% | STX 1046% · SMCI 949% · WDC 916% |
| Internet Services & Infrastructure | 6 | 13.9% | 40.0% | 15.0% | DOCN 108% · VRSN 34% · GDDY 33% |
| Electronic Equipment & Instruments | 27 | -7.9% | 14.3% | -4.5% | PI 209% · SOTK 138% · NSSC 127% |
| IT Consulting & Other Services | 28 | -25.2% | -6.7% | -18.1% | CHRN 627400% · APLD 1745% · INOD 705% |
| Application Software | 123 | -19.6% | -8.7% | -43.1% | VIDA 394900% · INLX 5338% · PLTR 617% |
| Systems Software | 69 | -7.8% | 17.1% | -55.4% | QNC 752% · PAYS 440% · PANW 386% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 19.77 |
| Mkt Cap | 0.8 |
| Rev LTM | 706 |
| Op Inc LTM | 33 |
| FCF LTM | 50 |
| FCF 3Y Avg | 51 |
| CFO LTM | 60 |
| CFO 3Y Avg | 62 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.9% |
| Rev Chg 3Y Avg | 6.0% |
| Rev Chg Q | 17.6% |
| QoQ Delta Rev Chg LTM | 3.6% |
| Op Inc Chg LTM | -18.1% |
| Op Inc Chg 3Y Avg | 164.8% |
| Op Mgn LTM | 4.8% |
| Op Mgn 3Y Avg | 6.8% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 8.3% |
| CFO/Rev 3Y Avg | 9.1% |
| FCF/Rev LTM | 7.0% |
| FCF/Rev 3Y Avg | 7.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Live Events | 291 | 339 | 285 | 199 | 143 |
| High School Park and Recreation | 166 | 170 | 142 | 112 | 92 |
| Commercial | 156 | 162 | 171 | 154 | 127 |
| Transportation | 81 | 85 | 72 | 63 | 58 |
| International | 62 | 62 | 85 | 83 | 62 |
| Total | 756 | 818 | 754 | 611 | 482 |
| $ Mil | 2009 | 2008 |
|---|---|---|
| Live Events | 44 | 4 |
| Commercial | 7 | 25 |
| Transportation | -1 | 3 |
| International | -3 | 7 |
| Schools and Theatres | -4 | |
| Schools & Theatres | -1 | |
| Total | 43 | 38 |
Price Behavior
| Market Price | $19.20 | |
| Market Cap ($ Bil) | 0.9 | |
| First Trading Date | 02/10/1994 | |
| Distance from 52W High | -30.8% | |
| 50 Days | 200 Days | |
| DMA Price | $20.05 | $20.55 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | -4.2% | -6.6% |
| 3M | 1YR | |
| Volatility | 36.9% | 46.5% |
| Downside Capture | 120.98 | 120.07 |
| Upside Capture | 80.58 | 109.92 |
| Correlation (SPY) | 46.8% | 39.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.09 | 1.05 | 1.21 | 1.21 | 1.40 | 1.24 |
| Up Beta | 0.64 | 2.65 | 2.35 | 1.66 | 1.85 | 1.18 |
| Down Beta | -0.06 | 0.43 | 0.49 | 1.37 | 1.50 | 1.24 |
| Up Capture | -22% | 67% | 105% | 73% | 128% | 259% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 20 | 32 | 59 | 119 | 382 |
| Down Capture | -41% | 92% | 120% | 118% | 113% | 104% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 23 | 30 | 66 | 132 | 359 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DAKT | |
|---|---|---|---|---|
| DAKT | 21.3% | 46.5% | 0.55 | - |
| Sector ETF (XLK) | 41.9% | 26.0% | 1.31 | 33.7% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 38.9% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | 15.0% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | -7.4% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 20.8% |
| Bitcoin (BTCUSD) | -31.6% | 44.1% | -0.73 | 18.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DAKT | |
|---|---|---|---|---|
| DAKT | 25.8% | 52.3% | 0.64 | - |
| Sector ETF (XLK) | 19.7% | 25.9% | 0.68 | 32.1% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 33.9% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 5.4% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | 9.7% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 22.1% |
| Bitcoin (BTCUSD) | 10.4% | 52.8% | 0.38 | 13.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DAKT | |
|---|---|---|---|---|
| DAKT | 12.2% | 46.0% | 0.42 | - |
| Sector ETF (XLK) | 24.1% | 24.9% | 0.88 | 31.9% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 35.5% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | 3.8% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | 13.0% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 25.8% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 9.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 7/28/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/24/2026 | -3.8% | -2.7% | -1.5% |
| 3/4/2026 | -11.1% | -13.6% | -20.5% |
| 12/10/2025 | 16.3% | 6.8% | 15.7% |
| 9/10/2025 | 20.4% | 35.1% | 14.5% |
| 6/25/2025 | -4.9% | -0.3% | 9.5% |
| 3/5/2025 | -14.9% | -14.8% | -7.5% |
| 12/4/2024 | 15.9% | 17.8% | 3.1% |
| 9/4/2024 | -4.6% | -1.5% | 5.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 15 |
| # Negative | 11 | 10 | 9 |
| Median Positive | 10.5% | 12.9% | 10.3% |
| Median Negative | -4.9% | -11.5% | -11.3% |
| Max Positive | 21.8% | 35.1% | 58.1% |
| Max Negative | -22.1% | -27.0% | -35.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/24/2026 | -3.8% | -2.7% | -1.5% |
| 3/4/2026 | -11.1% | -13.6% | -20.5% |
| 12/10/2025 | 16.3% | 6.8% | 15.7% |
| 9/10/2025 | 20.4% | 35.1% | 14.5% |
| 6/25/2025 | -4.9% | -0.3% | 9.5% |
| 3/5/2025 | -14.9% | -14.8% | -7.5% |
| 12/4/2024 | 15.9% | 17.8% | 3.1% |
| 9/4/2024 | -4.6% | -1.5% | 5.7% |
| 6/26/2024 | 21.8% | 20.4% | 34.7% |
| 2/28/2024 | 8.2% | 8.1% | 20.9% |
| 12/5/2023 | -14.1% | -19.0% | -22.4% |
| 9/6/2023 | 6.1% | 17.2% | 5.7% |
| 7/12/2023 | 20.0% | 8.0% | 28.3% |
| 3/8/2023 | 10.5% | 15.7% | 32.2% |
| 12/12/2022 | 19.2% | 28.3% | 58.1% |
| 8/31/2022 | -22.1% | -27.0% | -35.0% |
| 6/8/2022 | -4.8% | -14.2% | -11.3% |
| 3/10/2022 | -6.3% | -9.4% | -14.8% |
| 12/1/2021 | 1.1% | 10.0% | 7.7% |
| 9/1/2021 | -4.4% | -7.6% | -10.8% |
| 6/9/2021 | 5.0% | 1.5% | -8.9% |
| 3/3/2021 | 1.5% | 17.2% | 10.3% |
| 12/2/2020 | -0.2% | 1.8% | 7.1% |
| 8/26/2020 | 9.4% | 9.4% | 6.0% |
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 15 |
| # Negative | 11 | 10 | 9 |
| Median Positive | 10.5% | 12.9% | 10.3% |
| Median Negative | -4.9% | -11.5% | -11.3% |
| Max Positive | 21.8% | 35.1% | 58.1% |
| Max Negative | -22.1% | -27.0% | -35.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/04/2026 | 10-Q |
| 10/31/2025 | 12/10/2025 | 10-Q |
| 07/31/2025 | 09/10/2025 | 10-Q |
| 04/30/2025 | 06/25/2025 | 10-K |
| 01/31/2025 | 03/05/2025 | 10-Q |
| 10/31/2024 | 12/04/2024 | 10-Q |
| 07/31/2024 | 09/04/2024 | 10-Q |
| 04/30/2024 | 06/26/2024 | 10-K |
| 01/31/2024 | 02/28/2024 | 10-Q |
| 10/31/2023 | 12/05/2023 | 10-Q |
| 07/31/2023 | 09/08/2023 | 10-Q |
| 04/30/2023 | 07/12/2023 | 10-K |
| 01/31/2023 | 03/13/2023 | 10-Q |
| 10/31/2022 | 12/13/2022 | 10-Q |
| 07/31/2022 | 09/02/2022 | 10-Q |
| 04/30/2022 | 06/16/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/04/2026 | 10-Q |
| 10/31/2025 | 12/10/2025 | 10-Q |
| 07/31/2025 | 09/10/2025 | 10-Q |
| 04/30/2025 | 06/25/2025 | 10-K |
| 01/31/2025 | 03/05/2025 | 10-Q |
| 10/31/2024 | 12/04/2024 | 10-Q |
| 07/31/2024 | 09/04/2024 | 10-Q |
| 04/30/2024 | 06/26/2024 | 10-K |
| 01/31/2024 | 02/28/2024 | 10-Q |
| 10/31/2023 | 12/05/2023 | 10-Q |
| 07/31/2023 | 09/08/2023 | 10-Q |
| 04/30/2023 | 07/12/2023 | 10-K |
| 01/31/2023 | 03/13/2023 | 10-Q |
| 10/31/2022 | 12/13/2022 | 10-Q |
| 07/31/2022 | 09/02/2022 | 10-Q |
| 04/30/2022 | 06/16/2022 | 10-K |
| 01/31/2022 | 03/10/2022 | 10-Q |
| 10/31/2021 | 12/01/2021 | 10-Q |
| 07/31/2021 | 09/01/2021 | 10-Q |
| 04/30/2021 | 06/11/2021 | 10-K |
| 01/31/2021 | 03/03/2021 | 10-Q |
| 10/31/2020 | 12/03/2020 | 10-Q |
| 07/31/2020 | 08/28/2020 | 10-Q |
| 04/30/2020 | 06/12/2020 | 10-K |
| 01/31/2020 | 02/28/2020 | 10-Q |
| 10/31/2019 | 11/27/2019 | 10-Q |
| 07/31/2019 | 08/30/2019 | 10-Q |
| 04/30/2019 | 06/07/2019 | 10-K |
Recent Forward Guidance
Updated 7/27/2026Latest: Q4 2026 Earnings Reported 6/24/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2028 Revenue CAGR | 0.07 | 0.09 | 0.1 | ||||
| 2028 Operating Margin | 10.0% | 11.0% | 12.0% | ||||
| 2028 ROIC | 0.17 | 0.18 | 0.2 | ||||
Prior: Q3 2026 Earnings Reported 3/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Product Backlog | 342.30 Mil | ||||||
Q2 2026 Earnings Reported 12/10/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2028 Sales Growth | 7.0% | 8.5% | 10.0% | Affirmed | |||
| 2028 Operating Margin | 10.0% | 11.0% | 12.0% | Affirmed | |||
| 2028 ROIC | 0.17 | 0.18 | 0.2 | Affirmed | |||
Insider Activity
Updated 7/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wiemann, Bradley T | Executive Vice President | Direct | Sell | 7212026 | 19.22 | 4,000 | 76,880 | 2,420,677 | Form |
| 2 | Anderson, Sheila Mae | CDAO | Direct | Sell | 7022026 | 20.01 | 3,636 | 72,756 | 967,903 | Form |
| 3 | Wendler, Brett David | VP of Design & Development | Direct | Buy | 5062026 | 15.97 | 98 | 1,565 | 710,984 | Form |
| 4 | Gatzke, Carla S | Secretary and VP of Human Reso | Direct | Sell | 9182025 | 23.09 | 9,944 | 229,599 | 16,648,144 | Form |
| 5 | Friel, John Patrick | Direct | Sell | 9162025 | 23.58 | 13,479 | 317,851 | 1,747,225 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wiemann, Bradley T | Executive Vice President | Direct | Sell | 7212026 | 19.22 | 4,000 | 76,880 | 2,420,677 | Form |
| 2 | Anderson, Sheila Mae | CDAO | Direct | Sell | 7022026 | 20.01 | 3,636 | 72,756 | 967,903 | Form |
| 3 | Wendler, Brett David | VP of Design & Development | Direct | Buy | 5062026 | 15.97 | 98 | 1,565 | 710,984 | Form |
| 4 | Gatzke, Carla S | Secretary and VP of Human Reso | Direct | Sell | 9182025 | 23.09 | 9,944 | 229,599 | 16,648,144 | Form |
| 5 | Friel, John Patrick | Direct | Sell | 9162025 | 23.58 | 13,479 | 317,851 | 1,747,225 | Form | |
| 6 | Anderson, Sheila Mae | CDAO | Direct | Sell | 8112025 | 16.86 | 3,839 | 64,726 | 665,885 | Form |
Investor Activity (13F)
Updated Aug 24, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Electronic Components Resources |
| Electronic Products |
| DigiKey Insights |
| Mouser Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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