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Evertz Technologies ( (TSE:ET) ) has shared an update.
Evertz Technologies reported record third-quarter revenue of $139.3 million for the period ended January 31, 2026, up 2% year-over-year, driven by a 15.5% increase in international sales to $43.7 million even as U.S. and Canadian revenue declined. Gross margin rose to 58.3% and earnings from operations before foreign exchange climbed 16% to $28.1 million, but net earnings fell to $18.7 million, or $0.24 per diluted share, reflecting foreign exchange impacts and a higher dividend payout.
The company’s balance sheet showed a sharp reduction in cash and working capital, with cash falling to $24.8 million from $111.7 million and working capital dropping to $133.2 million, largely due to $91 million in dividends, including a sizable special dividend, and capital spending such as a $4.4 million airplane purchase. Despite lower cash generation from operations versus a year earlier, Evertz reported a robust purchase order backlog exceeding $246 million at the end of February 2026, indicating strong future demand and underpinning its competitive position in global broadcast and media infrastructure markets.
The most recent analyst rating on (TSE:ET) stock is a Buy with a C$18.00 price target. To see the full list of analyst forecasts on Evertz Technologies stock, see the TSE:ET Stock Forecast page.
Spark’s Take on TSE:ET Stock
According to Spark, TipRanks’ AI Analyst, TSE:ET is a Outperform.
Evertz Technologies scores well due to its strong financial performance and attractive valuation, supported by positive earnings call insights. The technical analysis suggests bullish momentum, though caution is advised due to overbought signals. The decline in free cash flow growth and slight concerns from the earnings call are risks to monitor.
To see Spark’s full report on TSE:ET stock, click here.
More about Evertz Technologies
Evertz Technologies Limited, listed on the TSX under ticker ET, is a leading provider of Software Defined Video Network (SDVN) technology for the broadcast and media industry. The company offers hardware and software solutions that enable advanced video networking, production, and distribution for customers in North America and international markets.
Average Trading Volume: 31,742
Technical Sentiment Signal: Buy
Current Market Cap: C$1.21B
Learn more about ET stock on TipRanks’ Stock Analysis page.