Daktronics Q1 FY27: EPS Climbs 21% to $0.40, Backlog Slips to $311M
DAKT is trading near its 52-week low of $16.89 (14% above the low) on elevated volume (4.0× avg).
Summary
Daktronics reported Q1 FY27 EPS of $0.40, up 21% year-over-year, with gross margin expansion and strong cash generation, but order backlog declined 13.6% year-over-year to $311.3 million.
Key Events · Earnings and Guidance · DAKT
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Q1 FY27 EPS Up 21% to $0.40
Net income rose 18% to $19.4 million on net sales of $234.6 million, up 7.1% year-over-year. Diluted EPS was $0.40 versus $0.33 in the prior-year quarter.
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Gross Margin Expands to 30.5%
Gross profit increased 10% to $71.6 million, with gross margin improving to 30.5% from 29.7%, helped by tariff refunds partially offset by higher input costs.
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Order Backlog Declines 13.6% YoY
Product order backlog was $311.3 million as of August 1, 2026, down from $360.3 million a year earlier. New orders fell 19.6% to $191.8 million, reflecting timing of project awards and a 13-week quarter versus 14 weeks last year.
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New $34.5M Share Repurchase Program
On September 1, 2026, the Board terminated the FY17 Repurchase Program and authorized a new FY27 Repurchase Program of $34.5 million. During Q1 FY27, the company repurchased 225,456 shares for $4.4 million.
Analysis · DAKT · Manufacturing
A strong fiscal Q1 2027 for Daktronics saw net income rise 18% year-over-year to $19.4 million, with diluted EPS of $0.40 compared to $0.33 a year ago. Gross margin expanded to 30.5% from 29.7%, aided by tariff refunds. However, product order backlog fell to $311.3 million from $360.3 million a year earlier, and new orders dropped 19.6% to $191.8 million — a signal that revenue conversion is outpacing new bookings. The company also terminated its old repurchase program and authorized a new $34.5 million buyback effective September 1, 2026.
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At the time of this filing, DAKT was trading at $19.19 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $926.7M. The 52-week trading range was $16.89 to $28.27. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.