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Evertz (ET) investor relations material

Evertz Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary10 Sep, 2025

Executive summary

  • Q1 fiscal 2026 sales reached $112.1 million, with software and services contributing $51.6 million, or 46% of total revenue.

  • Net earnings rose 22% year-over-year to $11.9 million, with diluted EPS at $0.15, up from $0.13.

  • Gross margin improved to 61.4% from 59.4% year-over-year.

  • Strong financial performance attributed to demand for IP, IT, and cloud-based video solutions and a diversified customer base.

  • Purchase order backlog exceeded $252 million at August end, with August shipments of $41 million.

Financial highlights

  • US and Canada revenue grew to $79.5 million, while international revenue declined to $32.7 million.

  • Gross margin dollars rose to $68.8 million from $66.2 million year-over-year.

  • Operating earnings increased to $15.0 million, up $2.4 million from the prior year.

  • Working capital stood at $202.6 million, with cash of $124.3 million as of July 31, 2025.

  • Cash from operations was $33.5 million, with $20.2 million used in financing activities, mainly for dividends and share repurchases.

Outlook and guidance

  • Continued focus on IP-based, cloud, and software-defined solutions, with strong momentum from large-scale deployments.

  • Expectation of cash balance decrease in Q2 due to working capital swings and planned building acquisition.

  • Ongoing commitment to R&D and innovation, with new product launches at industry events.

  • Purchase order backlog exceeded $252 million at the end of August 2025.

  • Shipments in August 2025 totaled $41 million.

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Frequently asked questions

Evertz Technologies Limited, an equipment and solutions provider for broadcast, cable, satellite and IPTV around the world., designs, manufactures, and distributes audio and video infrastructure solutions. The company provides TV production systems and control room automation products; transmission extension solutions; routing switchers; master control switching systems; newsroom automation products; multiviewer systems; terminal gear products, such as modulators, demodulators, reclockers, transcoders/decoders/encoders, processors and up-/down-converters for portable and fixed applications in content creation workflows; equipment for wireless video contribution; processing solutions for 3G/HD/SD-SDI baseband video signals; ad insertion solutions; audio embedders and disembedders. The company was founded in 1966 and is headquartered in Burlington, Canada.

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