Slide 1: 1st Quarter 2027 Earnings
1st QUARTER 2027 EARNINGS SEPTEMBER 2, 2026
Slide 2: Safe harbor statement
Safe harbor statement Forward-Looking Statements: This presentation 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 s
Slide 3: Q1 FY2027 recap
Q1 FY2027 recap [USD m, %] Q1’27 YoY Highlights Pipeline continues to be robust; Bookings and Backlog movement Net sales $234.6 +7.1% primarily driven by few substantial orders negotiated in Q1 expected to land in Q2 Sales growth at 7.1% (14-week FY26Q1 vs 13-week FY27Q1) driven Operating income
Slide 4: Market verticals: Q1 review
Market verticals: Q1 review Live events High school park & recreation Several large projects booked in the Completing installations for the start of quarter, including Read Oak ISD (TX), football and basketball season for key Northside ISD (TX), Los Angelos Harbor projects at U. of Illinois, Ohi
Slide 5: Recap of our strategic focus
Recap of our strategic focus Growth Operational Capital excellence deployment Organic growth in Integrated strategic Continued high-return core sourcing organic investments New market vertical Manufacturing Disciplined inorganic Strategic expansion network optimization growth expansion P
Slide 6: Salient strategic execution status
Salient strategic execution status Growth Core market drivers and pipeline continues to be robust Active recruitment in progress as we build new vertical expansion LA Angels now using Camino advanced visualizations in-stadium and starting this fall, Camino will be installed at 10+ venues for N
Slide 7: Financial highlights
Financial highlights [USD m (except per share data), %, basis points] Q1 FY2027 YoY Change Net sales $234.6 +7.1% Gross profit margin 30.5% +80 bps Selling expense $19.0 +12.8% G&A expense $15.6 +8.8% Product development expense $12.1 +13.5% Operating income $24.9 +7.2% Operating margin 10.6% 0 bps
Slide 8: Solid revenue growth
Solid revenue growth Orders(1) [USD m] Substantial orders Net sales [USD m] negotiated in Q1 238.5 expected to land 234.6 219.0 229.3 222.0 in Q2 208.6 199.1 201.1 181.9 191.8 Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 Gross profit [USD m, %] Highlights 71.6 65.1 61.8 58.5 Net sales
Slide 9: Continued revenue tailwinds
Continued revenue tailwinds Backlog [USD m] 360.3 356.2 342.3 320.6 311.3 45.3 123.8 133.7 16.4 66.7 54.3 58.0 26.5 17.4 35.1 1.4 Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 Est. remainder after Q2’27 Total Daktronics Commercial Live events High school park & recreation Transportation International 8
Slide 10: Expense trends
Expense trends Selling expense [USD m, %] Product development [USD m, %] 19.0 11.8 12.1 16.8 16.1 16.6 10.7 10.4 10.5 15.3 7.7% 7.0% 8.4% 8.0% 8.1% 4.9% 4.6% 5.8% 5.7% 5.2% Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 Selling expense % of sales Product development % of sales G&A [USD
Slide 11: Earnings summary
Earnings summary Operating income [USD m] Operating margin [%] 24.9 23.3 21.6 10.6% 10.6% 9.4% 14.1 6.8% 1.9 1.1% Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 EBITDA(1) [USD m] Earnings per share [USD] 28.1 29.6 26.3 0.40 0.33 0.35 18.7 12.8% 12.6% 11.5% 0.17 7.1 9.0% 3.9% 0.06 Q1’26
Slide 12: Balance sheet and capital management
Balance sheet and capital management Working capital [USD m, %] Cash flow [USD m] 254 270 31 238 234 26 28 222 22 17 14 129% 122% 115% 12 101% 104% 8 -5 -10 Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 Q1’26 Q2’26 Q3’26 Q4’26 Q1’27 Working capital % of sales Operating cash flow Free cash flow(1) Share repurchases
Slide 13: Strong momentum continues
Strong momentum continues Industry Daktronics is the market leader in large-format LED displays and will continue leadership to lead with customer-centric solutions Attractive Growth is underpinned by participation in large, attractive end markets end markets benefiting from long-term secular demand
Slide 14: Tracking to target
Tracking to target Disciplined growth, expanding margins, improving returns FY2025 FY2028 Revenue growth | 7-10% CAGR Value-based pricing Revenue mix diversification FY2028 New products/software solutions Operating margin|10-12% FY2025 Structural cost reduction across supply chain High val
Slide 15: Appendix
APPENDIX DAKTRONICS
Slide 16: Net sales and orders by business unit
Net sales and orders(1) by business unit [USD k] (unaudited) (1) Orders and backlog metrics are not measures defined by GAAP, and our methodology for determining orders and backlog may vary from the methodology used by other companies in determining their orders and backlog amounts. For more informa
Slide 17: Non-GAAP reconciliation of free cash flow
Non-GAAP reconciliation of free cash flow (1) [USD k] (unaudited) (1) In evaluating its business, Daktronics considers and uses free cash flow as a key measure of its operating performance. The term free cash flow is not defined under accounting principles generally accepted in the United States of
Slide 18: Non-GAAP reconciliation: EBITDA
Non-GAAP reconciliation: EBITDA(1) [USD k] (unaudited) (1) EBITDA is a financial metric not recognized under GAAP and is calculated as net income before interest (income) expense, income taxes, depreciation and amortization, and other nonoperating income and expense. Management believes EBITDA provi
Slide 19: Reconciliation of long-term debt
Reconciliation of long-term debt [USD k] (unaudited) 18