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Vecima Networks Inc. (TSE:VCM)
TSX:VCM
Earnings Data
Report Date
May 14, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.08Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a clearly positive outlook driven by tangible product wins (Entra Remote PHY, TerraceIQ), improved Q2 profitability (strong gross margin expansion and adjusted EBITDA), expanding customer engagements, and downward progress on net debt. Short‑term risks include lumpy CDS shipments, modest Q3 timing effects from industry consolidation, elevated cash R&D and sales/marketing spend, and a notable drop in operating cash flow due to working capital swings. On balance the fundamental operational and margin improvements plus multiyear customer programs and forward guidance materially outweigh the short‑term cash and timing challenges.Company Guidance
Strong Forward Guidance — Major Growth Inflection
Management expects 20%–30% revenue growth over the next 12 months versus the prior 12 months and anticipates adjusted EBITDA margin to break through 20%, implying a 70%–85% increase in next 12‑month adjusted EBITDA versus calendar 2025.
Q2 Consolidated Revenue Growth
Q2 revenue of $73.7M, up 3.5% year‑over‑year and 3.7% quarter‑over‑quarter.
Significant Gross Margin Improvement
Reported gross margin improved to 44.9% in Q2, an 850 basis‑point increase versus the same period last year (from 36.4%); adjusted gross margin rose to 46.4% from 35.6% YoY.
Adjusted EBITDA and Profitability Turnaround
Q2 adjusted EBITDA of $10.6M with an adjusted EBITDA margin of 14.4%; operating income improved to $3.3M versus an operating loss of $3.4M in the prior-year quarter; net income improved to $0.1M from a $7.9M loss YoY and adjusted EPS improved to $0.04 from an adjusted loss of $0.30.
Material Commercial Wins and Product Traction
Lead Tier‑1 customer preparing wide‑scale deployments of Entra Remote PHY (EN9000, ERM3/4) with anticipated sharp demand from Q4; lead North American Tier‑1 selected TerraceIQ for a national wholesale commercial video upgrade (multiyear opportunity).
Entra Portfolio Momentum and Customer Growth
Entra customer engagements increased to 147 from 123 a year ago; 70 customers have purchased Entra products; commenced deliveries of EN3400 and saw traction with Power Holdover Modules and Entra optical/XGS‑PON wins.
Content Delivery & Storage (CDS) Outperformance
CDS revenue $12.3M, up 20.7% YoY and 9.7% QoQ; gross margin reached 65.1%; product sales up ~39% YoY; DAI (dynamic ad insertion) contributing to monetization growth.
Telematics Strong Margin and Customer Additions
Telematics achieved a gross margin of 71.4%, added 11 new customers, booked 345 new NERO subscriptions, and grew asset tags under management to over 106,000 (year‑over‑year revenue growth of 5%).
Debt Reduction and Dividend
Net debt decreased to $66.9M from a peak of $92M in Q3 FY24; Board approved a quarterly dividend of $0.055 per common share.
TSE:VCM 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:VCM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | C$10.00 | C$10.10 | +1.00% |
Nov 13, 2025 | C$9.90 | C$9.85 | -0.50% |
Sep 25, 2025 | C$10.78 | C$10.34 | -4.12% |
May 15, 2025 | C$10.49 | C$9.67 | -7.85% |
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 Vecima Networks Inc. (TSE:VCM) report earnings?
Vecima Networks Inc. (TSE:VCM) is schdueled to report earning on May 14, 2026, Before Open (Confirmed).
What is Vecima Networks Inc. (TSE:VCM) earnings time?
Vecima Networks Inc. (TSE:VCM) earnings time is at May 14, 2026, Before Open (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:VCM EPS forecast?
TSE:VCM EPS forecast for the fiscal quarter 2026 (Q3) is 0.08.