Daktronics Revenue Climbs 22% to $181.9M in Q3 FY2025
Daktronics, Inc., a designer and manufacturer of electronic display systems, posted revenue of $181.9 million for the three months ended January 31, 2026, up 22% from $149.5 million in the same period last year.
Daktronics, Inc. (NASDAQ: DAKT), a designer and manufacturer of electronic display systems, posted revenue of $181.9 million for the three months ended January 31, 2026, up 22% from $149.5 million in the same quarter last year. The Brookings, South Dakota-based company swung to a profit of $3.0 million for the quarter, compared to a net loss of $17.2 million in the prior-year period. Read more earnings reports.
For the nine months ended January 31, 2026, revenue reached $630.1 million, up 8% from $583.9 million in the nine months ended January 25, 2025. The company reported net income of $37.0 million for the nine-month period, a sharp turnaround from a net loss of $696,000 in the prior year.
Gross profit for the quarter ending January 31, 2026 came in at $43.6 million, or 24.0% of revenue, compared to $36.8 million in the year-ago quarter. Operating income was $1.9 million for the quarter, reversing an operating loss of $3.6 million a year earlier. Operating expenses totaled $41.7 million, up from $40.4 million in the prior-year quarter.
Cash and cash equivalents stood at $144.4 million as of January 31, 2026, up from $127.5 million at the company's fiscal year-end on April 26, 2025. Total assets increased to $546.4 million from $502.9 million over the same period. Stockholders' equity rose to $293.7 million from $271.9 million.
Cash from operations for the nine months ending January 31, 2026 was $54.3 million, down from $74.8 million in the comparable prior-year period. The company used $14.9 million for investing activities and $23.2 million for financing activities during the nine-month period.
Diluted earnings per share for the quarter ending January 31, 2026 came in at $0.06, compared to a diluted loss per share of $0.36 in the prior-year quarter. For the nine-month period, diluted earnings per share were $0.75, versus a diluted loss per share of $0.01 in the prior year.
| Metric | Q3 FY2025 (Jan 31, 2026) | Q3 FY2024 (Jan 25, 2025) | 9M FY2025 | 9M FY2024 |
|---|---|---|---|---|
| Revenue | $181.9M | $149.5M | $630.1M | $583.9M |
| Gross Profit | $43.6M | $36.8M | $170.5M | $152.3M |
| Operating Income (Loss) | $1.9M | ($3.6M) | $46.8M | $34.9M |
| Net Income (Loss) | $3.0M | ($17.2M) | $37.0M | ($696K) |
| Diluted EPS | $0.06 | ($0.36) | $0.75 | ($0.01) |
Accounts receivable increased to $114.3 million as of January 31, 2026 from $92.8 million at the prior fiscal year-end. Inventory decreased slightly to $103.6 million from $105.8 million. Accounts payable rose to $63.6 million from $46.7 million over the same period.
The company spent $31.6 million on research and development for the nine months ended January 31, 2026, up from $28.9 million in the prior-year period. R&D expenses for the quarter ending January 31, 2026 were $10.5 million, compared to $9.4 million a year earlier.