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Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed positive bottom-line results despite declining revenues to conscientious cost-reduction efforts and lean manufacturing techniques implemented over the last three years. The company is executing a strategic redesign of its entire outdoor display product family to increase manufacturing standardization while maintaining customer flexibility. Performance in the quarter was bolstered by a significant reduction in warranty costs, which decreased by approximately $2 million compared to both the prior quarter and the same period last year. International quoting activity has seen a significant increase over the last six to eight months, and the company recently secured notable orders for a shopping mall in Australia and a theater in Paris. Management noted extremely aggressive pricing from competitors across most business areas, which they believe is unsustainable but disruptive in the short term. Operational improvements in after-sales service were driven by consolidating field activities and implementing new software to streamline business processes. Management expects to begin shipping the newly redesigned outdoor display products in the fourth quarter of fiscal 2010. Product development spending is expected to rise and likely exceed 5% of sales in the short term as the company prioritizes strategic innovation despite revenue headwinds. Backlog is anticipated to decline in the near term, though potential large sports orders could lead to a rise in backlog by the end of the third quarter. Capital expenditures for the year are projected in the $15 million to $17 million range, primarily focused on maintenance, strategic purchases, and tooling for new product platforms. The company anticipates the effective tax rate will decrease over the fiscal year as international income improves, particularly in lower-tax jurisdictions like China. The billboard business is currently sustained by Tier 3 customers, with management explicitly stating they do not expect a major pickup in this area over the next 12 months. A finishing issue that impacted prior quarters was described as generally insignificant this quarter, though management requires a few more quarters to confirm it is fully under control. The company reduced its full-time manufacturing personnel by an additional 5% during the quarter as part of ongoing labor cost adjustments. Management identified a trend where some university customers are delaying or downsizing projects due to economic perceptions, even when funding is available. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management indicated that while $20 million plus deals are not currently on the horizon, there are several opportunities in the $10 million plus range. Some of these large sports projects, particularly in baseball, could be recognized as revenue as early as the fourth quarter. The overall win rate is down slightly due to aggressive pricing from both returning international players and existing competitors. Management believes some competitors in the commercial market are undergoing internal changes that may hinder their performance in the short term. Stimulus funding has freed up some activity in the transportation sector, though the long-term duration of this trend remains uncertain. The niche is also experiencing short-term disruption from new competitors entering with very low pricing. Management reported they have not seen significant cancellations out of the backlog. The company maintains a conservative backlog policy, only including orders once they are signed, sealed, and often accompanied by a down payment.

This article first appeared on GuruFocus. Annual Revenue: $839 million, a growth of 10.9% over fiscal year 2025. Operating Income (EBIT): Increased to $61 million from $33.1 million in 2025. Operating Margin: Expanded by 290 basis points to 7.3%. Adjusted EPS: Grew 25% to $1.05 for the full year. Fourth Quarter Adjusted EPS: $0.27 per share, a 50% increase from the previous year's fourth quarter. Backlog: $356 million, up 4% over the prior year. Cash from Operations: $49.2 million in fiscal '26. Share Repurchases: Approximately $25.5 million repurchased at an average price of $17.8 per share. Gross Profit Margin: Fourth quarter margin rose to 28%. Transportation Orders: Record year with $89 million, up 24% year-over-year. International Orders: $75 million for the year. Warning! GuruFocus has detected 5 Warning Signs with LVO. Is DAKT fairly valued? Test your thesis with our free DCF calculator. Release Date: June 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Daktronics Inc (NASDAQ:DAKT) delivered record annual revenues and orders in fiscal '26, with a 10%-plus order booking growth and nearly 11% net sales growth. The company achieved a 290 basis points expansion in operating margin and a 25% growth in adjusted EPS to $0.05. Daktronics Inc (NASDAQ:DAKT) improved its working capital and returned capital to shareholders through share repurchases, with nearly $25 million in buybacks in fiscal '26. The company successfully executed its three-year business transformation, advancing key growth initiatives and expanding penetration in core end markets such as sports, transportation, and international business. Daktronics Inc (NASDAQ:DAKT) launched a modernized service system and expanded its capacity at the Mexico manufacturing facility, enhancing operational efficiency and customer experience. The commercial segment showed relatively stable performance against a strong prior year comparison, indicating challenges in maintaining growth. There were some anticipatory demands in fiscal '25 and early '26 due to announced pricing changes, which may have impacted order growth. The company faced a more challenging input cost environment, including tariff headwinds and uncertainty around tariff rates. Daktronics Inc (NASDAQ:DAKT) experienced a longer time gap between order completion and final payment billing, affecting free cash flow in the fourth quarter. The Mexico facility's impact on margins may not be immediate, as it will take time to ramp up and integrate with operational initiatives. Q: Can you discuss any areas where you expect outsized growth in FY27 and your confidence in achieving FY28 targets? A: The pipeline remains strong across all vertical markets. The main focus is on conversion timing into bookings and revenue. We are confident in the robustness of our pipeline and its alignment with our FY28 targets. Q: How are margins performing, and what impact do tariffs and automation have on them? A: Competitive pressures exist, but internal improvements like procurement and automation are expected to enhance margins. Tariffs are not a significant concern currently, and we are focused on both margin and growth. Q: What is the status of lean automation efforts, and what can we expect in terms of performance? A: Initial phases of procurement are complete, and we are expanding both direct and indirect procurement. Plans for lean and automation are being developed, with more to come in these areas. Q: Can you explain the free cash flow dynamics in Q4 and expectations for FY27? A: The Q4 cash flow was impacted by timing differences between order completion and final payment billing. This is expected to reverse early in FY27. Q: What impact will the Mexico facility have on margins, and will it initially mute margins before improving them? A: The Mexico facility will address growing demand and improve delivery timelines. Over time, it should enhance margins, supported by operational initiatives like automation and procurement. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Record net sales for fiscal 2026 of $838.7 million Record orders for fiscal 2026 of $860.8 million Q4 EPS of $0.17, adjusted EPS(1) of $0.27, up 50% from adjusted EPS(1) YoY Product backlog rose to $356.2 million at year end with solid pipeline entering fiscal 2027 BROOKINGS, S.D., June 24, 2026 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ: DAKT) (the “Company”, “Daktronics”, “we”, “our”, or “us”), a recognized industry leader in the design and manufacturing of best-in-class dynamic video communication displays and control systems for customers worldwide, today reported results for its fiscal year and fourth quarter ended May 2, 2026. Fiscal 2026 was a 53-week year, with an extra week in the first quarter, whereas fiscal 2025 was a 52-week year. Fiscal Q4 and full year 2026 financial highlights: Q4 sales of $208.6 million, up 20.9% from the fourth quarter fiscal 2025, and record full year sales of $838.7 million, up 10.9% from full year fiscal 2025 Q4 operating margin of 6.8% compared to negative operating margin of 1.0% in the year-earlier period, full year operating margin of 7.3%, compared to 4.4% in fiscal 2025 Q4 earnings per share (“EPS”) of $0.17 compared to loss per share of $0.19 in the year-earlier period, adjusted EPS(1) of $0.27 compared to $0.18 in the year-earlier period; full-year EPS of $0.92 compared to loss per share of $0.21 in the year-earlier period, full year adjusted EPS of $1.05(1) compared to $0.84(1) for fiscal 2025 Q4 new orders for products and services of $222.0 million(2), down 7.7% from the exceptionally strong Q4 of fiscal 2025; record full year new orders of $860.8 million(2), up 10.2% compared to full year 2025 Product backlog of $356.2 million(2), up 4.3% from prior year end “During fiscal 2026, Daktronics successfully completed numerous profitable business initiatives, laying the foundation for gaining momentum in executing our three-year strategic plan that started in fiscal 2025, advancing key initiatives that delivered accelerated sales growth, increased profitability, and a multi-quarter backlog of orders for a strong finish to the year,” said Ramesh Jayaraman, Daktronics’ President and Chief Executive Officer. “In fiscal 2026, we delivered record net sales and orders, reflecting efficient backlog conversion, steady customer demand and effective sales practices supporting our broad product and services portfolio. Margin expansion for the year was driven by stronger operational efficiency, improved supply chain execution, and disciplined inventory and working capital management, along with pricing actions aligned with our strategic initiatives. We ended the year on a strong note, delivering adjusted EPS(1) of $0.27 in the fourth quarter.” Tracking to Three-Year PlanAs outlined at Daktronics’ April 9, 2026, Investor Day, management is focused on executing strategic priorities to support growth, operational excellence and cash deployment along the following strategic pillars: “We enter fiscal 2027 with concrete execution plans in place, balancing our strategic priorities between growth and operational excellence,” said Jayaraman. “Our focus is to enhance our core organic growth capability, optimize our operating model to better serve customers while improving ROIC, and deploying capital in a disciplined manner to support organic growth, pursue targeted M&A, and return capital to shareholders through our share repurchase program. We are well positioned with a $356.2 million multi-quarter product backlog and a strong pipeline across all business segments backed by secular demand drivers. I’d like to thank our customers for their continued trust in Daktronics and our approximately 2,700 employees for what they have accomplished. Because of our team’s dedication, we are tracking well toward our fiscal 2028 targets of 7-10% revenue CAGR, 10-12% operating margin and 17-20% ROIC.” Fourth Quarter and Year-to-Date Results“Our team delivered an exceptional fiscal 2026, with record net sales, record orders, and a 290 basis point increase in operating margin,” said Daktronics’ Acting Chief Financial Officer Howard Atkins. Full year 2026 orders increased 10.2 percent to a record $860.8 million, led by the Live Events business unit which won five of five Major League Baseball stadium installations since the third quarter of fiscal 2025. The Transportation and International business units had their own record orders quarters during the year. Fourth quarter fiscal 2026 orders declined 7.7 percent compared to an exceptionally strong fourth quarter of fiscal 2025 in which orders accelerated in advance of pricing increases. Product backlog rose to $356.2 million, with new orders exceeding revenue throughout the year. Net sales for the fourth quarter of fiscal 2026 were up 20.9 percent from the year-earlier period, driven by the Live Events, High School Park and Recreation, and Transportation business units. The Commercial and International business unit net sales were relatively flat year-over-year. For the full year fiscal 2026, net sales were up 10.9 percent to a record $838.7 million due to strong order growth, the introduction of value-based pricing, and efficient revenue conversion. Fourth quarter gross profit increased 3.0 percent from a year ago on higher revenue and wider gross profit margin, which increased to 28.0 percent for the fourth quarter of fiscal 2026 compared to 25.0 percent for the fourth quarter of fiscal 2025. A recapture of a prior period warranty provision accounted for 62 basis points of the 28.0 percent gross profit margin. For the full year, gross profit as a percentage of net sales increased to 27.3 percent, including warranty recapture, for fiscal 2026 from 25.8 percent in the prior year. Factors contributing to the margin increase included value-based price increases and operational efficiencies in working capital. The Company is monitoring developments related to tariff refunds, and no amounts have been recognized in the financial statements as of May 2, 2026, due to ongoing uncertainty regarding eligibility, timing and amount. Operating expenses for the fourth quarter of fiscal 2026 were $44.4 million and relatively flat compared to $44.9 million for the fourth quarter of fiscal 2025. Operating expenses were $168.2 million for the full fiscal 2026 year compared to $162.4 million for the full fiscal 2025 year, an increase of 3.6 percent. The year‑over‑year increase primarily reflects higher product design and development expenses, including costs associated with the acquisition of certain assets of X Display Company Technology Limited (“XDC”). Operating expenses during fiscal 2026 also included expenses related to management transition costs, advisory services, and legal expenses associated with the XDC acquisition. By comparison, expenses incurred during fiscal 2025 were primarily related to consultant and advisory costs supporting strategic and digital transformation initiatives and corporate governance matters. Operating margin was 6.8 percent for the fourth quarter of fiscal 2026 compared to an operating loss of 1.0 percent for the fourth quarter of fiscal 2025. Operating margin was 7.3 percent for fiscal 2026 compared to 4.4 percent for fiscal 2025. The increase in net interest income for the fourth quarter of fiscal 2026 compared to the same period a year ago is primarily due to a higher average cash level invested in interest-bearing accounts. During the third and fourth quarters of fiscal 2025, interest expense included interest on the convertible note payable, which was settled during fiscal 2025. The change in fair value of the convertible note was caused by the conversion of the entire convertible note in the third and fourth quarters of fiscal 2025. The Company’s effective tax rate for fiscal 2026 was 22.2 percent compared to negative 73.0 percent for fiscal 2025. During fiscal 2025, the Company’s effective income tax rate was primarily impacted due to the convertible note fair value adjustment to expense that is not deductible for tax purposes. In fiscal 2026, there were no further impacts of fair value adjustments on the convertible note and our effective tax rate has normalized closer to the U.S. statutory rate. Fourth quarter fiscal 2026 earnings per diluted share were $0.17, compared to a loss per diluted share of $0.19 in the fourth quarter fiscal 2025. For fiscal 2026, earnings per diluted share were $0.92, compared to a loss per diluted share of $0.21 in fiscal 2025. Fourth quarter fiscal 2026 adjusted EPS(1) of $0.27 excludes a $3.8 million provision for possible credit losses related to the exit of an investment in an affiliate and was up 50.0 percent from adjusted EPS(1) in the year-earlier period. Fourth quarter fiscal 2025 adjusted EPS(1) of $0.18 excludes a $15.5 million provision for possible credit losses booked related to the exit of an investment in a different affiliate. Balance Sheet and Cash FlowCash and cash equivalents totaled $131.6 million as of May 2, 2026, and $10.8 million of total current and long-term debt was outstanding as of that date. Accounts receivable as of May 2, 2026, was $118.6 million compared to $92.8 million at the end of fiscal 2025. The Company has a $71.5 million senior credit facility that consists of a cash flow‑backed revolving line of credit. As of May 2, 2026, there were no advances under the loan portion of the line of credit, and the balance of letters of credit outstanding was $1.9 million. In fiscal 2026, Daktronics generated $49.2 million of cash from operations, of which $14.9 million was used for purchases of property and equipment. During fiscal 2026, the Company repurchased 1.4 million shares of common stock at the volume-weighted average price of $17.80, equaling $25.4 million of share repurchases. In the fourth quarter of fiscal 2026, the Company repurchased 0.1 million shares of common stock at the volume-weighted average price of $19.56, equaling $2.6 million of share repurchases. At the end of fiscal 2026, the Company’s working capital ratio was 2.3 to 1. Webcast Information The Company will host a conference call and webcast to discuss its financial results today at 10:00 a.m. (Central Time). This call will be broadcast live at http://investor.daktronics.com, where related presentation materials will also be posted prior to the conference call. A webcast will be available for replay shortly after the event. About DaktronicsDaktronics has strong leadership positions in, and is the world’s largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The Company excels in the control of display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation; and one International business unit. For more information, visit the Company’s website at: www.daktronics.com. Safe Harbor StatementCautionary Notice: This press release contains certain statements that by be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. All statements, other than historical facts, included or incorporated in this release could be deemed forward-looking statements, particularly statements that reflect our expectations or beliefs of Daktronics, Inc. (the “Company,” “Daktronics,” “we,” or “us”) concerning future events or our future financial performance. You are cautioned not to place undue reliance on forward-looking statements, which are often characterized by discussions of strategy, plans, or intentions or by the use of words such as “may,” “would,” “could,” “should,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “plan,” “forecast,” “project,” “outlook,” “focus,” “goal,” “target,” “transform,” “expand,” “grow,” “predict,” “potential,” “continue,” or “intend,” the negative or other variants of such terms, or other comparable terminology. The Company cautions that these forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations as a result of various factors, including, but not limited to, changes in economic and market conditions, management of growth, timing and magnitude of future contracts, orders, and capital investment projects, fluctuations in margins, the introduction of new products and technology, the impact of adverse weather conditions, increased regulation, the imposition of tariffs or other trade restrictions, the availability and costs of raw materials, components, and shipping services, geopolitical and governmental actions, expansion into new geographical markets, the Company’s recent leadership transition, transformation initiatives, future strategy, and other risks, trends, and uncertainties described more fully in the Company’s Annual Report on Form 10-K for its 2026 fiscal year (the “Form 10-K”) and in other reports filed with or furnished to the U.S. Securities and Exchange Commission (the "SEC") by the Company. You should carefully consider the trends, risks, and uncertainties described in this press release, the Form 10-K,  other reports filed with or furnished to the SEC by the Company, and other press releases and stockholders reports of the Company before making any investment decision with respect to our securities. If any of these trends, risks, or uncertainties continues or occurs, our business, financial condition, or operating results could be materially and adversely affected, the trading prices of our securities could decline, and you could lose part or all of your investment. Forward-looking statements are made in the context of information available as of the date of this press release and are based on our current expectations, forecasts, estimates, and assumptions. The Company disclaims any obligation to update or revise any forward-looking statements to reflect actual results or circumstances or events occurring after this release affecting the forward-looking statements except as may be required by applicable law. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. For more information contact: INVESTOR RELATIONS:Howard Atkins, Acting Chief Financial OfficerTel (605) [email protected] Alliance Advisors IRCarolyn Capaccio / Jody Burfening [email protected] MEDIA [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/613efaa5-5af4-4fbe-9e09-e723b1ce9d59.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved record annual revenue and orders in fiscal 2026, driven by 11% net sales growth and successful value-based pricing actions. Operating margin expansion of 290 basis points was fueled by improved supply chain efficiency, streamlined backlog conversion, and manufacturing discipline. Live events performance was bolstered by completing 11 Major League Baseball projects and a new strategic partnership with Grass Valley to integrate live production technology. The transportation segment reached record orders of $89 million, benefiting from increased 'Build America, Buy America' (BABA) requirements that favor the company's U.S. production model. High school and recreation (HSPR) growth of 18.5% in video installations is being driven by a secular trend of increased spending on youth sports and high-end facilities. International growth of 25% was supported by large-scale wins in the Middle East, including arena projects in Qatar and digital billboard rollouts in the UAE. Reaffirmed fiscal 2028 targets including a 10% revenue CAGR, 10% to 12% operating margins, and a 17% to 20% Return on Invested Capital (ROIC). The new 110,000-square-foot Mexico manufacturing facility is scheduled to begin production in July 2026, with first shipments expected in the second quarter of fiscal 2027. Management expects a slight increase in depreciation and amortization during fiscal 2027 due to ongoing investments in factory automation and IT infrastructure. Revenue timing for fiscal 2027 will be impacted by the first quarter having 13 weeks compared to 14 weeks in the prior year period. Strategic focus remains on accelerating software and services growth, exemplified by the rollout of the Camino 8 platform to enhance venue storytelling and recurring revenue. Recorded a $3.8 million provision for possible credit losses related to the exit of an affiliate investment as part of a balance sheet strengthening initiative. Management is closely monitoring tariff volatility and potential trade agreement changes, using the Mexico facility expansion as a hedge to improve global footprint flexibility. Absorbed approximately $1.2 million in costs during the second half of fiscal 2026 related to the integration of XDC. The company returned 56% of net income to shareholders in fiscal 2026 through $25.5 million in share repurchases. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted that while the pipeline is robust across all verticals, the primary variable is the specific timing of customer conversions into bookings. Margins are being protected through a combination of procurement optimization, automation, and value-based pricing to offset persistent competitive pressures. The facility is initially intended to meet growing demand and provide production agility for tight stadium renovation timelines. Management clarified that margin improvements from the Mexico plant will likely be realized over a longer period rather than immediately upon startup. The fourth quarter saw a temporary cash consumption due to a timing gap between revenue recognition at project completion and final billing upon installation. Management expects a reversal of this trend and improved cash flow early in fiscal 2027. The commercial business experienced a dip in fiscal 2026, but management sees positive indicators in the 'Spectaculars' and out-of-home billboard pipelines. Recovery is expected to be driven by value-based pricing and a return to customer investment after a period of slower activity.

(Bloomberg) -- Micron Technology Inc.’s earnings report on Wednesday afternoon is shaping up to be one of the most important in months as investors find themselves suddenly on edge over the sustainability of the AI rally. Most Read from Bloomberg Stocks Slide as Wall Street Gets AI Wake-Up Call: Markets Wrap Oracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles ‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock Rally SpaceX Falls for Third Day, Erases $600 Billion in Market Value Korean Stocks Tumble 10% as Extreme Volatility Rattles Investors The memory-chip maker’s shares have soared 269% this year amid insatiable demand from data-center developers. The gain has made Micron the biggest point contributor by far to the 7.6% advance in the S&P 500, whose leader board is dominated by other memory and storage companies including Sandisk Corp., Western Digital Corp. and Seagate Technology Holdings Plc. But concerns are mounting about how much longer the good times can last. Semiconductor stocks around the world tumbled on Tuesday following a report out of South Korea that Micron rival SK Hynix is slowing expansion of AI memory chip production. In the US, Micron shares dropped 13%, leading the Philadelphia Stock Exchange Semiconductor Index to its worst decline since June 5. That’s putting extra attention on what Micron has to say about the outlook for AI demand. “Any disappointment with Micron’s results could reinforce the waterfall dynamic, but a clean print could draw buyers back into the space,” said Joe Mazzola, head trading and derivatives strategist at Charles Schwab. A geyser of cash coming from tech giants locked in a race to add data-center capacity has made the makers of computing components and equipment the year’s best performing stocks. Micron alone accounts for nearly one-fifth of the S&P 500’s gain in 2026 and seven of the 10 biggest point contributors are semiconductor-related stocks. So far, there are no signs that the flow of money is slowing. The biggest spenders — Alphabet Inc., Microsoft Corp., Amazon.com Inc. and Meta Platforms Inc. — are planning to deploy as much as $725 billion on capital expenditures in 2026 and have pledged significantly more outlays next year. But that hasn’t entirely quelled fears that the boom is just setting investors up for a bust when spending cools, a dynamic that has played out in past semiconductor cycles, which have been particularly painful for memory-chip makers. “The view now is that we may be in a situation where companies like Micron and other memory companies may be able to smooth these out, and that the total addressable market is significantly bigger and longer than in previous cycles,” said Melissa Otto, head of technology, media and telecommunications research at Visible Alpha. “The market is going to be looking to get clarity around that.” Micron is projected to report net income of $23.8 billion on revenue of $35.6 billion in its fiscal third quarter, which ended on May 31, according to the average of analyst estimates compiled by Bloomberg. That would represent jumps of 1,165% and 283%, respectively, from a year ago. The company’s long-term supply agreements and the durability of that backlog will also be closely watched for signs that demand is going to hold up, according to Ryuta Makino, a research analyst at Gabelli Funds. Of course, the rally in Micron shares has ratcheted up expectations, and the company’s earnings reports have often disappointed investors. The stock has fallen on the day after earnings in five of the past six quarters, according to data compiled by Bloomberg. The options market is pricing in a 10% swing in the share price in either direction following the report. “I’m a little bit worried,” said Paul Meeks, managing director and head of technology research at Freedom Capital Markets. “As you’ve seen in some prior quarters, almost regardless of the results and guidance, the stock went down afterward.” While Micron may not be at peak earnings yet, it might not be far away, Meeks said. Revenue growth is projected to slow to 76% in fiscal 2027 and 8% in 2028. Of course, investors may be comforted by Micron’s relatively cheap valuation. The stock is priced at less than 10 times estimated earnings, compared with 20 times for the S&P 500 and 24 times for the Nasdaq 100. That’s likely one reason Wall Street remains overwhelmingly bullish on Micron with 50 of the 55 analysts who cover the stock rating it a buy while none recommend selling, according to data compiled by Bloomberg. But the stock has run up so far that analyst price targets have struggled to keep pace. Prior to Tuesday’s selloff, Micron’s average price target of $1,153 implied a decline of 5% over the next 12 months. “There’s a huge, high bar here,” said David Wagner, head of equities and a portfolio manager at Aptus Capital Advisors. “We have to realize how much perfection has been priced into the stock.” Tech Chart of the Day Top Tech Stories SpaceX sold $25 billion of investment-grade bonds on Tuesday, marking the final step to replace the costly debt that had helped finance Elon Musk’s 2022 acquisition of X, then known as Twitter, as well as the expensive loans and bonds issued by artificial intelligence lab xAI last year to bridge its rapid cash drain. SoftBank Group Corp.’s Masayoshi Son said he plans to hold onto the top spot at the technology group he founded for another decade or more, shredding his long-held plan to hand over the reins in his sixties. ByteDance Ltd., the developer of TikTok, is in preliminary talks with banks for a borrowing of about $20 billion, people familiar with the matter said, in what would be the firm’s largest offshore loan yet at a time when it’s boosting investments in artificial intelligence. Tencent Holdings Ltd. is preparing to launch an AI agent for its Slack-like enterprise communication app, intensifying a high-stakes battle among Chinese tech giants to lock users into their ecosystems in the post-ChatGPT era. Earnings Due Earnings Premarket: Earnings Postmarket: --With assistance from Subrat Patnaik, Neil Campling and David Watkins. Most Read from Bloomberg Businessweek How Pokémon Cards Became Scarce, Valuable and Surprisingly Dangerous A Credit Loophole So Big You Can Drive an SUV Through It The Infuriating Rise of the $8 Ice Cream Cone Being a CEO Today Stinks (Except for the Salary) Why Guinness Keeps Growing While Beer Sales Worldwide Fizz Out ©2026 Bloomberg L.P.

Daktronics (DAKT) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +20.00%. A quarter ago, it was expected that this video display maker would post earnings of $0.18 per share when it actually produced earnings of $0.09, delivering a surprise of -50%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Daktronics, which belongs to the Zacks Electronics - Miscellaneous Products industry, posted revenues of $208.61 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 1.63%. This compares to year-ago revenues of $172.55 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Daktronics shares have added about 1.7% since the beginning of the year versus the S&P 500's gain of 7.6%. While Daktronics has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Daktronics was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $244.56 million in revenues for the coming quarter and $1.30 on $915.68 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Miscellaneous Products is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Bel Fuse (BELFB), has yet to report results for the quarter ended June 2026. This maker of electronic products for circuits is expected to post quarterly earnings of $2.38 per share in its upcoming report, which represents a year-over-year change of +42.5%. The consensus EPS estimate for the quarter has been revised 1.3% lower over the last 30 days to the current level. Bel Fuse's revenues are expected to be $206.01 million, up 22.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Daktronics, Inc. (DAKT) : Free Stock Analysis Report Bel Fuse Inc. (BELFB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Wall Street expects a year-over-year increase in earnings on higher revenues when Daktronics (DAKT) reports results for the quarter ended April 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on June 24, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This video display maker is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +27.8%. Revenues are expected to be $205.27 million, up 19% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 14.1% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Daktronics, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +28.89%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Daktronics will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Daktronics would post earnings of $0.18 per share when it actually produced earnings of $0.09, delivering a surprise of -50.00%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Daktronics appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Daktronics, Inc. (DAKT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

BROOKINGS, S.D., June 11, 2026 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), announced today that it will release its fourth-quarter and fiscal 2026 financial results on Wednesday, June 24, 2026, prior to the market opening. Ramesh Jayaraman, Chief Executive Officer and President, and Howard Atkins, Acting Chief Financial Officer, will host a conference call and webcast for interested participants at 10:00 a.m. CT that day. To listen to the earnings call, participants must pre-register via the Daktronics Earnings Call Registration. Upon registration, participants will receive dial-in details and a unique PIN to access the live call. Presentation materials will be available on Daktronics’ Investor Relations website prior to the call. A replay of the call will be archived and accessible on the same site following the event. The conference call may be accessed via telephone or webcast as follows: Date: Wednesday, June 24, 2026Time: 10:00 a.m. CTDial-In Registration: Register for Dial-InWebcast: Listen to Webcast ABOUT DAKTRONICS Daktronics has strong leadership positions in, and is the world's largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The Company excels in the control of display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, and one International business unit. For more information, visit the company's website at: www.daktronics.com. SAFE HARBOR STATEMENT Cautionary Notice: In addition to statements of historical fact, this news release contains forward-looking statements within the meaning of the federal securities laws and is intended to receive the protections of such laws. All statements, other than historical facts, included or incorporated in this release could be deemed forward-looking statements, particularly statements that reflect the expectations or beliefs of Daktronics, Inc. (the “Company,” “Daktronics,” “we,” or “us”) concerning future events or our future financial performance. You are cautioned not to place undue reliance on forward-looking statements, which are often characterized by discussions of strategy, plans, or intentions or by the use of words such as "may," "would," "could," "should," "will," "expect," "estimate," "anticipate," "believe," "intend," "plan," "forecast," "project," “outlook,” “focus,” “goal,” “target,” “transform,” “expand,” “grow,” “predict,” “potential,” “continue,” or “intend,” the negative or other variants of such terms, or other comparable terminology. The Company cautions that these forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations as a result of various factors, including, but not limited to, changes in economic and market conditions, management of growth, timing and magnitude of future contracts and orders, fluctuations in margins, the introduction of new products and technology, the impact of adverse weather conditions, increased regulation, the imposition of tariffs, trade wars, the availability and costs of raw materials, components, and shipping services, geopolitical and governmental actions, and other risks described in the Company’s Annual Report on Form 10-K for its 2025 fiscal year (the “Form 10-K”) and in other reports filed with or furnished to the U.S. Securities and Exchange Commission (the "SEC") by the Company. You should carefully consider the trends, risks, and uncertainties described in this presentation, the Form 10-K, and other reports filed with or furnished to the SEC by the Company before making any investment decision with respect to our securities. If any of these trends, risks, or uncertainties continues or occurs, our business, financial condition, or operating results could be materially and adversely affected, the trading prices of our securities could decline, and you could lose part or all of your investment. Forward-looking statements are made in the context of information available as of the date of this news release and are based on our current expectations, forecasts, estimates, and assumptions. The Company undertakes no obligation to update or revise such statements to reflect circumstances or events occurring after this presentation except as may be required by applicable law. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. For more information contact:INVESTOR RELATIONS:Howard I. Atkins, Acting Chief Financial OfficerTel (605) [email protected] Alliance Advisors IRCarolyn Capaccio / Jody [email protected]

This article first appeared on GuruFocus. Revenue: $182 million, a growth of more than 20% year over year. Gross Profit Margin: Flat at 24% compared to the year-ago quarter. Net Income: $3 million or $0.06 per fully diluted share. Adjusted Net Income: $4.6 million after nonrecurring expenses. Orders Growth: 7.6% increase, with orders over $200 million for the quarter. Product and Services Backlog: $342 million, 25% higher than the previous year. Cash Balance: $144 million, a 13% increase from the fourth quarter of fiscal 2025. Transportation Segment Orders: Up 130% from last year. Share Repurchase: 1.3 million shares repurchased at an average price of $17.6. Warning! GuruFocus has detected 7 Warning Signs with FTCO. Is DAKT fairly valued? Test your thesis with our free DCF calculator. Release Date: March 04, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Daktronics Inc (NASDAQ:DAKT) reported a 21.6% year-over-year revenue growth despite challenges such as holidays and adverse weather conditions. The company secured large-scale installations, including projects with Major League Baseball stadiums and the University of Illinois Football's video scoring system. Orders exceeded $200 million for the quarter, with significant growth in the Transportation segment, including a record uptake in airport and intelligent transportation system projects. The acquisition of intellectual property from X Display Company enhances Daktronics Inc (NASDAQ:DAKT)'s microLED capabilities, expanding their product offerings. The company has a strong product and services backlog of $342 million, which is 25% higher than the previous year, indicating robust future demand. The gross profit margin remained flat at 24% compared to the previous year, with a sequential decline from 27% due to fixed cost operating leverage. The Live Events business, which typically has lower margins, contributed significantly to revenue, impacting overall profitability. The company faced an additional $6 million in tariff expenses during the quarter, affecting the cost structure. International business was down compared to the previous year, despite securing sizable orders in Spain and Australia. A key account in the Commercial segment delayed purchases, impacting overall performance in that area. Q: Can you discuss the win rates in the Live Events segment and how the pipeline is shaping up? A: Brad Wiemann, Interim President and CEO, mentioned that Daktronics won another Major League Baseball project, making them six for six in fiscal '26. The pipeline remains robust, with a strong backlog. The college and university market is also promising, despite some headwinds related to NIL money. Overall, the win rate is strong, partly due to a competitor taking a backseat in the market. Q: How is the Commercial market performing, particularly with the reseller and integrator channels? A: Brad Wiemann noted that demand remains strong in the Commercial market, with growth in on-premise advertising and public spectaculars. The audiovisual integrator space is a significant growth area, driven by indoor product lines and chip-on-board offerings. The company continues to invest in expanding its presence in this market. Q: What is the status of operational initiatives and their impact on margins? A: Howard Atkins, Acting CFO, explained that Daktronics is well into its operational initiatives, with many already built into the strategic planning process. The company is about one-third to halfway through realizing the benefits. Despite geopolitical uncertainties, Daktronics remains adaptable and resilient, with a strong cash position to navigate challenges. Q: How will the Mexico facility impact margins, and is it on track? A: Brad Wiemann confirmed that the Mexico facility is on track to be operational in the first quarter of FY27. While it won't significantly impact gross margins, it represents a strategic investment in the company's manufacturing capabilities. Q: What is the outlook for M&A activities? A: Howard Atkins stated that Daktronics is open to tuck-in acquisitions that make strategic and financial sense. The company is focused on opportunities that align with its strategic goals and offer strong financial returns. Ramesh Jayaraman, CEO, added that M&A is part of their strategic considerations, but no immediate deals are in the pipeline. For the complete transcript of the earnings call, please refer to the full earnings call transcript.