Audinate Group
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Audinate Group (AD8) investor relations material

Audinate Group H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary15 Feb, 2026

Executive summary

  • Revenue grew 12% year-over-year in both USD and AUD, reaching US$21.1 million (AUD 32.2 million) for the first half of FY 2026, driven by hardware and high-margin software products.

  • Gross margin improved to 82.6%, supported by a favorable shift toward software-based solutions.

  • The acquisition and commercial launch of the Iris platform expanded the product ecosystem into video-led and cloud-enabled workflows.

  • Organizational changes reduced expected operating cost growth for FY 2026 to 20% over FY 2025 and aligned the cost base with strategic objectives.

  • 66 design wins and 344 new Dante-enabled products launched during the half, supporting future growth.

Financial highlights

  • Revenue for the half was AUD 32.2 million (US$21.1 million), up 12% year-over-year.

  • Gross profit reached AUD 26.6 million, with gross margin stable at 82.5–82.6%.

  • Underlying EBITDA/EBIT loss was AUD 2.3 million, compared to a gain of AUD 0.8 million in the prior period.

  • Net loss after tax widened to AUD 10.6 million, reflecting increased investment, restructuring, and amortisation.

  • Operating expenses increased 26% to AUD 28.8 million, driven by investment in new products and capabilities.

Outlook and guidance

  • FY26 full-year US-dollar gross profit growth expected at 13–15% over FY25, outpacing industry growth rates.

  • Operating cost growth for FY26 revised to 20% over FY25, down from previous 25% guidance.

  • Gross margin percentage anticipated to remain stable, with a shift toward higher-margin software revenue.

  • Free cash flow expected to remain negative in FY26 due to strategic investments, but balance sheet remains strong.

  • Continued investment in Iris and Dante Director to drive adoption and platform integration.

Iris acquisition: How will US$10M revenue target be met?
How will restructure impact underlying EBITDA in 2H?
What specific software drives gross margin improvement?
Iris go-to-market strategy details
AI impact on Audinate's revenue model
CCM to embedded software transition impact
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Frequently asked questions

Audinate Group Ltd is an Australian technology company specializing in professional audio-visual networking solutions. The company’s flagship platform, Dante, allows audio, video, and control data to be distributed over standard IP networks. It serves manufacturers and system integrators in the broadcast, live sound, and corporate AV sectors. Audinate Group Ltd is headquartered in Sydney, Australia, and its shares are listed on the ASX.

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