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Daktronics reports a record year for fiscal 2026 as it pivots from a hardware-centric scoreboard maker toward a broader integrated display, software, and services model. Net sales reached $838.7 million, up nearly 11%, with record orders of $860.8 million and product backlog of $356.2 million.
Operating income nearly doubled to $60.8 million, expanding operating margin by 290 basis points to 7.3%. Net income was $45.4 million, or $0.92 per diluted share, reversing the prior-year loss. The company targets 7–10% revenue CAGR, 10–12% operating margin, and 17–20% return on invested capital over time.
Leadership transitioned to new President and CEO Ramesh Jayaraman, the first external chief in Daktronics’ 57-year history. The board authorized share repurchases, with 1.4 million shares bought for $25.4 million in 2026. Year-end liquidity remained strong with $131.6 million in cash versus $10.8 million of debt and working capital of $254.3 million.
Daktronics, Inc. is soliciting proxies for its 2026 annual meeting on September 16, 2026, at 4:30 p.m. Central Daylight Time in Brookings, South Dakota. Holders of 48,305,826 shares of common stock outstanding as of the July 20, 2026 record date, each entitled to one vote per share without cumulative voting, may vote in person or by proxy.
Stockholders will vote on three items: (1) re-election of two directors, Lance D. Bultena and José-Marie Griffiths, for three-year terms; (2) an advisory, non-binding vote on compensation of named executive officers; and (3) ratification of Deloitte & Touche LLP as independent registered public accounting firm for fiscal 2027. Directors in uncontested elections must receive a majority of votes cast, and Proposals 2 and 3 also require a majority of votes cast. The board, which is majority independent and supported by audit, compensation, nominating, strategy and risk, and strategic transactions committees, unanimously recommends voting “FOR” all three proposals.
Daktronics Inc. Executive Vice President Bradley T. Wiemann reported a sale of 4,000 shares of Daktronics common stock on 2026-07-17 at $19.2200 per share in a sale coded as an open market or private transaction. The shares sold had been acquired through the Daktronics Employee Stock Purchase Plan, and Wiemann now directly holds 125,945.723 common shares.
Daktronics, Inc. approved a fiscal 2027 executive compensation program covering its President and Chief Executive Officer and three other named executive officers. The plan provides annual cash incentives tied 60% to operating income and 40% to revenue, with payouts from 50% to 150% of target plus a modifier that can adjust results by up to 20% based on individual performance.
Target annual bonuses equal 100% of base salary for CEO Ramesh Jayaraman, 55% for Sheila M. Anderson and Matthew J. Kurtenbach, and 50% for Brett D. Wendler. Long‑term incentives equal 200% of salary for the CEO and 60% for the others, delivered 65% in time‑based RSUs vesting over four years and 35% in PSUs tied to cumulative 2027‑2029 operating income and revenue. PSU payouts range from 25% to 150% of target and cliff vest after three years, subject to continued employment and certification of results.
Kurtenbach Matthew John reported acquisition or exercise transactions in this Form 4 filing.
Daktronics VP of Manufacturing Matthew John Kurtenbach was granted 7,273 Restricted Stock Units tied to common stock at $0.00 per unit. These RSUs vest in four equal annual installments beginning August 23, 2027. Following the grant, he holds 28,929 unvested RSUs in total.
Wendler Brett David reported acquisition or exercise transactions in this Form 4 filing.
Daktronics, Inc. reported that VP of Design & Development Brett David Wendler received a grant of 7,076 Restricted Stock Units (RSUs) on July 14, 2026, at a reported transaction price of $0.0000 per unit under the 2025 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of common stock and will vest in four equal annual installments beginning August 23, 2027, subject to vesting, forfeiture, and termination provisions. Following this award, he beneficially owns an aggregate of 27,026 unvested RSUs.
Jayaraman Ramesh reported acquisition or exercise transactions in this Form 4 filing.
Daktronics, Inc. President and CEO Ramesh Jayaraman received a grant of 32,762 Restricted Stock Units (RSUs) of common stock on July 14, 2026 at no cost, under the 2025 Stock Incentive Plan. These RSUs vest in four equal annual installments beginning August 23, 2027. Following this award, he beneficially owns 61,119 unvested RSUs in total, including 28,357 granted December 15, 2025 and 32,762 granted July 14, 2026.
Anderson Sheila Mae reported acquisition or exercise transactions in this Form 4 filing.
Daktronics Inc. Chief Data & Analytics Officer Sheila Mae Anderson received a grant of 6,978 Restricted Stock Units (RSUs) on July 14, 2026, each representing one share of common stock. The RSUs, granted under the 2025 Stock Incentive Plan, vest in four equal annual installments beginning August 23, 2027. After this award, she beneficially owns 27,702 unvested RSUs across several grants made between 2021 and 2026.
Daktronics CDAO Sheila Mae Anderson exercised 7,500 Incentive Stock Options into common stock at $9.5700 per share on July 1, 2026. On the same date she sold 3,636 shares in a sell-to-cover transaction at a weighted-average price of $20.0100 per share, with individual trades between $20.0101 and $20.0510. Following these transactions she holds 48,370.94 Daktronics common shares directly and 8,522 shares indirectly through a 401k.