EVS Broadcast Equipment (EVS) Q2 2026 earnings summary

Executive summary

• Achieved record H1 2026 revenue of EUR 107.2 million, up 16.8% year-over-year, despite adverse geopolitical and FX conditions, driven by strong commercial pipeline and major live events.

• Net profit rose 24.4% to EUR 16.5 million, with EBIT up 5.6% to EUR 15.6 million and diluted EPS increasing to EUR 1.17.

• Commercial pipeline grew over 20% year-over-year, with increased recurring revenues and repeat clients, providing strong visibility for future growth.

• Successful integration of T-Motion contributed to revenue and operational expansion, with 43 FTEs joining and expectations for stronger H2 performance.

• Strategic rebranding and expansion into adjacent markets, including defense, AI, and digital publishing, reinforce growth ambitions.

Financial highlights

• Revenue reached EUR 107.2 million (+16.8% YoY); at constant currency, up 19.9%.

• Gross profit increased by 10.3% to EUR 73.4 million, though gross margin declined to 68.5% due to FX and margin pressure.

• EBIT rose to EUR 15.6 million (+5.6% YoY), with EBIT margin at 14.6% (down from 16.1%).

• Net profit grew to EUR 16.5 million (+24.4% YoY); diluted EPS at EUR 1.17 (+0.23 YoY).

• Cash flow from operations improved to EUR 17.0 million, a significant increase from prior year.

Outlook and guidance

• Full-year revenue guidance maintained at EUR 220–240 million, with EBIT guidance at EUR 40–50 million.

• Secured revenue for 2026 at EUR 161.5 million as of June 30, 2026; long-term order book up to EUR 103.6 million.

• Cost containment plan underway to return to 2025 cost levels (excluding T-Motion), with expected impact in 2H26 and full effect in FY27.

• Commercial pipeline growth and recurring revenue base provide confidence in meeting targets.

• Second half expected to benefit from improved gross margins as one-off low-margin deals will not recur.