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Evertz Technologies (TSE:ET)
TSX:ET
Earnings Data
Report Date
Jun 24, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.2Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a generally positive operational and market picture: record quarterly sales, strong international growth, double-digit software and services expansion, robust gross margin within target band, healthy backlog and ongoing product adoption. These positives are tempered by near-term liquidity effects from large dividend distributions (including a special dividend), a significant decline in reported cash and working capital, a Q3 foreign exchange loss, a YoY decline in hardware revenue, and inventory build to secure constrained components. Management attributes regional softness and some variability to project timing and lumpiness rather than structural demand weakness.Company Guidance
Record Quarterly Sales
Sales for Q3 FY2026 reached a record $139.3 million, up 5% sequentially and up 2% year-over-year (from $136.9 million in Q3 FY2025).
Strong International Growth
International revenue was $43.7 million, up 27.7% sequentially and up 15% year-over-year (from $37.8 million), representing 31% of total sales (vs. 28% prior year).
Recurring Software & Services Expansion
Recurring software, services and other software revenue grew to $62.5 million (12.3% year-over-year increase from $55.7 million) and represented ~45% of total revenue for the quarter (~46% year-to-date).
Healthy Gross Margin and Profitability
Gross margin was 58.3% for the quarter (within the 56%–60% target range, up from 57.8% prior year). Net earnings were $18.7 million, with fully diluted EPS of $0.24.
Backlog and Shipment Momentum
Purchase order backlog exceeded $246 million at end of February; February shipments were $32 million, with combined backlog plus February shipments in excess of $278 million, indicating strong demand.
Disciplined Operating Expenses
Selling & administrative expenses fell to $18.6 million (a 3% decline year-over-year) and decreased to ~13.3% of revenue (from 14% prior year), reflecting expense discipline and timing of trade show costs.
Significant R&D Investment & Product Adoption
R&D investment was $36.7 million in Q3 (26.4% of revenue) and $110.4 million year-to-date, supporting IP, cloud and DreamCatcher/BRAVO product lines and over 600 industry IP SDN deployments cited as evidence of adoption.
Positive Operating Cash Generation
The company reported cash generated from operations of $29.3 million in the quarter (noting adjustments for noncash working capital/current taxes), supporting ongoing operations despite other cash uses.
Customer and Order Diversification
Top 10 customers accounted for ~44% of sales with no single customer >16% of sales, and the company recorded 107 customer orders over $200,000 in the quarter, indicating diversified demand.
Dividend Policy and Capital Returns
Board declared a regular quarterly dividend of $0.205 per share; the company also paid $91 million in dividends during the quarter (including a $75.5 million special dividend), demonstrating a shareholder-return focus.
TSE:ET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:ET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | C$14.86 | C$14.77 | -0.56% |
Dec 10, 2025 | C$10.48 | C$11.78 | +12.37% |
Sep 10, 2025 | C$8.81 | C$8.75 | -0.74% |
Jun 25, 2025 | C$7.84 | C$8.02 | +2.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Evertz Technologies (TSE:ET) report earnings?
Evertz Technologies (TSE:ET) is schdueled to report earning on Jun 24, 2026, After Close (Confirmed).
What is Evertz Technologies (TSE:ET) earnings time?
Evertz Technologies (TSE:ET) earnings time is at Jun 24, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ET EPS forecast?
TSE:ET EPS forecast for the fiscal quarter 2026 (Q4) is 0.2.