Filing Flows › Daktronics (DAKT) › Q3 FY26
Daktronics (DAKT) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 4, 2026
Daktronics (DAKT) reported revenue of $182M for the third quarter fiscal 2026 (Q3 FY26), +22% from a year earlier and -21% from the quarter before. Operating margin was 1.1%, net earnings $3.0M (1.7% of revenue).
Daktronics, Q3 FY26: revenue $182M (+22% year over year), operating margin 1.1%, net earnings $3.0M, operating cash flow $11.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $182M | -21% | +22% |
| Gross profit | $43.6M | -29% | +19% |
| Operating profit | $1.9M | -91% | — |
| Net earnings | $3.0M | -83% | — |
| Operating cash flow | $11.7M | -29% | -3% |
| Free cash flow | $8.1M | -42% | +3% |
What changed
Revenue was $181.9M in Q3 FY26, up 22% year over year and down 21% from the previous quarter. Live Events was the largest line at 41% of revenue. Live Events added $28.8M year over year (up 63%), 89% of the total change. Transportation declined 19%.
Gross margin was 24.0%, down 0.6 points from Q3 FY25. Operating profit was $1.9M, a 1.1% margin (up 3.5 points year over year). Operating expenses grew 3% against revenue growth of 22%. The fastest-growing cost line was Research & development (+12%). Net earnings were $3.0M. The effective tax rate was 14.3%. Non-operating items added $1.6M, 45% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $11.7M (down 3% year over year), 389% of net earnings. Non-cash charges added back $5.2M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $1.9M. Capital expenditures of $3.6M left free cash flow of $8.1M.
Questions
What was Daktronics' revenue in the third quarter fiscal 2026?
Daktronics (DAKT) reported revenue of $182M for the third quarter fiscal 2026 (Q3 FY26), +22% from a year earlier and -21% from the quarter before.
Was Daktronics profitable in the third quarter fiscal 2026?
Operating profit was $1.9M (1.1% of revenue) and net earnings $3.0M.
Source: Daktronics 10-Q on SEC EDGAR.