Filing Flows › Daktronics (DAKT) › Q1 FY26
Daktronics (DAKT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 10, 2025
Daktronics (DAKT) reported revenue of $219M for the first quarter fiscal 2026 (Q1 FY26), -3% from a year earlier and +27% from the quarter before. Operating margin was 10.6%, net earnings $16.5M (7.5% of revenue).
Daktronics, Q1 FY26: revenue $219M (-3% year over year), operating margin 10.6%, net earnings $16.5M, operating cash flow $26.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $219M | +27% | -3% |
| Gross profit | $65.1M | +51% | +9% |
| Operating profit | $23.3M | — | +2% |
| Net earnings | $16.5M | — | — |
| Operating cash flow | $26.1M | +14% | +34% |
| Free cash flow | $22.0M | — | +52% |
What changed
Revenue was $219.0M in Q1 FY26, down 3% year over year and up 27% from the previous quarter. Live Events was the largest line at 36% of revenue. Live Events lost $28.8M year over year (down 27%), 405% of the total change.
Gross margin was 29.7%, up 3.3 points from a year earlier. Operating profit was $23.3M, a 10.6% margin (up 0.6 points year over year). Operating expenses grew 13% against a revenue fall of 3%. The fastest-growing cost line was General & admin (+22%). Net earnings were $16.5M. The effective tax rate was 25.9%.
Operating cash flow was $26.1M (up 34% year over year), 158% of net earnings. Non-cash charges added back $4.8M of depreciation and amortization and $947K of share-based compensation. Working capital and other items added $3.9M. After purchases of property and equipment, net ($4.1M), free cash flow as the company reports it was $22.0M.
Questions
What was Daktronics' revenue in the first quarter fiscal 2026?
Daktronics (DAKT) reported revenue of $219M for the first quarter fiscal 2026 (Q1 FY26), -3% from a year earlier and +27% from the quarter before.
Was Daktronics profitable in the first quarter fiscal 2026?
Operating profit was $23.3M (10.6% of revenue) and net earnings $16.5M.
Source: Daktronics 10-Q on SEC EDGAR.