Daktronics Inc. (DAKT) surged 14.02% during Wednesday's intraday trading session following the release of its fiscal 2026 second-quarter results. The company reported earnings per diluted share of $0.35, up from $0.22 a year earlier, and revenue of $229.253 million, a 10% year-over-year increase.
The stock's sharp rise was driven by better-than-expected financial performance, with both revenue and earnings surpassing analyst estimates. Daktronics highlighted a 36% increase in product backlog to $320.6 million, providing visibility for future revenue. The company also noted improved profitability through value-based pricing and operational efficiencies.
Looking ahead, Daktronics remains on track to achieve its three-year growth objectives, including 7-10% annual sales growth. The company announced plans to open a manufacturing facility in Mexico, expected to be operational by the end of fiscal 2026, to support its expanding global operations.
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