Daktronics, Inc. (NASDAQ:DAKT) shares surged after the company reported fiscal first-quarter 2026 net income of $16.5 million, or $0.33 per diluted share, compared with a net loss of $4.9 million, or $0.11 per share, in the prior-year period.
Adjusted earnings of $0.33 per share topped the $0.25 consensus estimate. Revenue was $218.972 million, down 3.1% from last year but above the $213.412 million estimate.
Adjusted net income was $16.5 million, up from $16.6 million a year earlier. Gross margin improved to 29.7% from 26.4%, supported by manufacturing efficiencies, value-based pricing, and a favorable product mix.
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Operating profit rose to $23.3 million, with an operating margin of 10.6%, up from 10.0% …