Q2 2026 Daktronics Inc Earnings Call Transcript
Key Points
- Daktronics Inc (DAKT) reported a 12% fiscal second quarter order growth across all business segments.
- The company achieved its third consecutive quarter of top-line growth, with operating income exceeding $20 million.
- Product backlog increased by 36% year over year, providing a multi-quarter revenue runway.
- Daktronics Inc (DAKT) expanded its global manufacturing footprint with a new facility in Saltillo, Mexico, enhancing production capacity.
- The company continues to innovate with new product launches, including a next-generation LED street furniture and advanced indoor video displays.
- Tariff expenses remain a significant challenge, with $8.8 million incurred in the second quarter compared to $1.5 million the previous year.
- The third quarter is expected to be seasonally slower due to holidays, impacting revenue conversion.
- Orders in the outdoor spectacular business decreased by 5% year over year due to fewer large projects.
- Despite strong backlog growth, the conversion of orders to revenue in the live events segment is delayed due to project timelines.
- The company faces ongoing challenges in managing inventory efficiency and maintaining lean operations.
Good day and thank you for standing by. Welcome to the Daktronic second quarter FY26 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during this session, you will need to press 11 on your telephone. You will then hear an automated message advising you your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Lindsay Better. Please go ahead, ma'am.
Thank you, Michelle. Good morning, everyone.
Thank you for participating in our second quarter earnings conference call.
During today's presentation, we will make forward-looking statements reflecting our expectations and plans about future financial performance and future business opportunities.
These forward-looking statements reflect the company
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