Ringing Nasdaq bell, Daktronics highlights surge of new activity

April 9, 2026

Daktronics marked a milestone moment this week by ringing the Nasdaq closing bell — a symbolic step forward for the Brookings-based company as it enters a new chapter under new leadership.

Newly appointed president and CEO Ramesh Jayaraman led the company’s delegation at the Nasdaq MarketSite in Times Square on Wednesday, about two months after stepping into the role.

“We are on a journey to accelerate profitable growth, and it’s events like this that bring us all together to celebrate both how far we’ve come and to focus on our bright future,” Jayaraman said in a statement.

Daktronics went public on the Nasdaq Stock Exchange in 1994. The company, founded in 1968, designs and manufactures video communication displays and control systems for a global customer base.

The appearance came the day before Daktronics’ investor day, which highlighted strategies and key projects driving growth.

The company’s forward-looking tone is reinforced by a steady stream of major project announcements — particularly in professional sports — that highlight Daktronics’ continued dominance in large-scale LED display systems. It has completed work with one-third of Major League Baseball teams already this year.

In Seattle, Daktronics partnered with the Mariners on a new center-field display at T-Mobile Park that spans more than 11,300 square feet.

The project is designed to elevate both fan engagement and revenue opportunities. In a statement, team leadership emphasized the impact, saying the new board will “transform the fan experience” and provide “incredible clarity and brightness” for everything from live action to sponsor content. Daktronics noted that the display is engineered to deliver “industry-leading image quality” and flexibility for a wide range of content.

In Phoenix, Daktronics is delivering what will become the largest video display in Arizona at Chase Field this season. The nearly 9,600-square-foot board is part of a broader upgrade that significantly expands the ballpark’s digital footprint.

According to the company, the installation will “create a more immersive and engaging environment for fans,” while offering the Diamondbacks enhanced capabilities for storytelling, replays and advertising. The system’s scale and resolution are intended to ensure “every seat in the house has a premium viewing experience.”

The company also continues its work with some of baseball’s most iconic venues: Wrigley Field and Yankee Stadium.

Daktronics is providing enhanced LED displays designed to bring “bolder, brighter moments” to Chicago Cubs fans.

In its announcement, the company highlighted how the upgrades balance modern technology with the historic character of the ballpark, delivering “vibrant, high-resolution imagery” while integrating into the venue’s unique environment.

In New York, Daktronics produced and installed multiple displays. The main centerfield board at Yankee Stadium, along with the large, flanking boards on either side, have been upgraded, along with the entirety of the two ribbon boards that span the facing of the 200 and 300 levels of the stadium. Daktronics displays at the stadium now total 22,355 square feet, and fans will see the new boards in action throughout the upcoming season.

“Throughout the planning and execution of this enormously complicated project, Daktronics has been a wonderful partner,” Doug Behar, New York Yankees senior vice president of stadium operations, said in a statement. “We are extremely happy with the end result, which features two to three times better resolution and vibrancy than our previous video boards could provide. These improvements will elevate the stadium experience for our guests, and we are excited for them to enjoy our video presentation throughout the season.”

Daktronics has integrated LED super-systems in more than half of all professional sports facilities in the United States and Canada and nearly 70 percent of college sports facilities.

Beyond sports, Daktronics’ reach is extending into major transportation projects.

At Los Angeles International Airport, the company is leading a significant upgrade at the Tom Bradley International Terminal.

The project includes a comprehensive video display system aimed at transforming how travelers interact with the space.

Daktronics said the installation will “elevate the passenger journey through immersive digital storytelling,” combining wayfinding, branding and entertainment into a cohesive visual experience. The system is designed to “engage and inform travelers at every step,” reflecting growing demand for dynamic digital environments in high-traffic public spaces. Displays are being installed throughout the year.

Daktronics’ most recent earnings illustrate the positive activity.

For the quarter ended Jan. 31, the company posted net income of $3 million, or 6 cents per share, compared with a net loss of $17.2 million, or 36 cents per share, a year earlier.

Revenue rose 21.6 percent to $181.9 million, up from $149.5 million in the prior-year period, reflecting what company leaders describe as improved execution and demand across several business lines.

“Our team continued to execute well during the fiscal third quarter, driving year-over-year revenue growth of 21.6 percent,” Jayaraman said in the earnings release, adding that the company also more than tripled adjusted operating income through “value-based pricing and operational efficiencies.”

Operating income totaled $1.9 million, compared with an operating loss of $3.6 million a year ago, while adjusted operating income reached $4 million. The company’s operating margin improved to 1.1 percent, up from a negative 2.4 percent last year.

Company leaders pointed to backlog fulfillment as a key driver of the quarter. Acting chief financial officer Howard Atkins said “the main driver of the net sales increase … was the efficient fulfillment of the backlog coming into the quarter,” a trend expected to continue into the final quarter of the fiscal year.

Orders also increased, rising 7.6 percent to $201.1 million, with growth led by transportation and high school park and recreation projects, partially offset by softer demand in live events and international markets.

The company’s backlog climbed to $342.3 million, up more than 25 percent from a year earlier, underscoring continued sales momentum.

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