EarningsQ3 2026 Earnings Report
DE:H8A Q3 2026 EPS Results
Actual EPS-€0.05
Consensus EPS-€0.02
Beat/MissMissed by -€0.03
One Year Ago EPS<€0.01
DE:H8A Q3 2026 Revenue Results
Actual Revenue€21.52M
Expected Revenue€21.33M
Beat/MissBeat by +€191.63K
YoY Revenue Growth-1.37%
Earnings Announcement Details
QuarterQ3 2026
Date09/09/2026
TimeAfter Close
Conference CallWednesday, September 9, 2026
DE:H8A Upcoming Earnings
Haivision Systems's next earnings date is estimated for January 27, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call was cautiously optimistic but financially mixed. Management emphasized healthy customer engagement, a growing pipeline, no project cancellations, strong long-term market demand, new-product momentum, and continued supply-chain execution. However, the quarter included a 1.4% revenue decline, substantial gross-margin compression, lower adjusted EBITDA, operating and net losses, tariff exposure, procurement delays, higher inventory and borrowing, and guidance positioned near the lower end of the range. The positive strategic and demand commentary was balanced by significant near-term financial and operating pressures.Company Guidance
Nine-Month Revenue Growth
Fiscal 2026 nine-month revenue was $102.3 million, an increase of $4.8 million, or 5%, compared with the same period last year.
Healthy Customer Engagement and Pipeline
Management said customer engagement remains healthy, the pipeline continues to grow, and it includes several large strategic projects across broadcast, enterprise, government, and defense.
No Project Cancellations Reported
Management said it has not seen any project cancellations in government, enterprise, or broadcast. Projects have primarily been delayed or moved to the right because of procurement and budgeting uncertainty.
Mission-Critical Market Position
Haivision remains focused on mission-critical applications requiring secure, reliable, real-time, ultra-low-latency, high-quality video across broadcast, defense, public safety, government, and enterprise markets.
Enterprise Demand Remains Healthy
Interest in secure, high-quality video remains healthy in the enterprise market, with projects tied to mission-critical communications and operating efficiencies continuing to move forward.
Defense Revenue Relatively Stable
Defense revenue was described as relatively stable. Management said defense spending is being directed toward urgent readiness priorities, including air defense, counter-drone capabilities, and replenishments.
Growing Opportunity from New Products
Management reported strong early interest in the Makito X1, Kraken KX1, and Cobra products, with larger opportunities expected to develop for 2027 and demand emerging for customers to test and integrate the new products into their workflows.
Makito X1 Expands Addressable Market
The Makito X1 is intended to enter the JPEG XS, uncompressed, high-quality video market, with management highlighting its ability to support JPEG XS and 4:5 encoding and decoding on the same blade.
Strong Defense Product Engagement
Management said the Cobra and Kraken KX1 are receiving strong interest across the global mission market, while the defense pipeline is growing around intelligence, surveillance and reconnaissance, drone, remote, and AI-enabled applications.
International Mission Business Momentum
Management said it expects a very good quarter internationally for the mission business, with strong response from Asia as well as Europe.
Supply Chain Actions Supporting Availability
Haivision has qualified alternative components, worked closely with suppliers, managed inventory strategically, made engineering changes, and used sourcing and fulfillment actions to maintain product availability. Management said very little has been unavailable to customers because of supply chain issues.
Financial Discipline and Long-Term Profitability Track Record
Management stated that Haivision has been EBITDA positive in 21 of its 22 years and continues to invest in innovation, products, people, and strategic acquisitions while maintaining a focus on disciplined execution and profitability.
Cash Position and Credit Availability
Haivision ended the quarter with $19.7 million in cash, up $2.5 million from the end of fiscal 2025 and approximately $1.6 million from the prior quarter. Its $35 million credit facility had approximately $21.1 million undrawn and remains committed through August 2028.
Share Repurchases Continued
Through July 31, Haivision had repurchased approximately 850,000 shares for $4.2 million. For all of fiscal 2026, it had repurchased approximately 990,000 shares for $4.4 million and said it was on track to exceed the prior year's repurchase levels.
Scheduled Amortization Reductions
Technology from the HiVisionMCS acquisition is fully amortized, expected to reduce quarterly amortization expense by approximately $600,000 beginning in the fourth quarter. Technology from the Haivision France acquisition is expected to become fully amortized in April 2027, reducing quarterly amortization expense by another $150,000.
Term Debt Reduction
Term loans declined by approximately $5 million from the end of fiscal 2025, and management expects the term loans associated with the Haivision France acquisition to be largely repaid by the middle of fiscal 2027.
Tariff Mitigation Flexibility
Haivision moved fulfillment operations from Montreal to the United States and is shipping inventory rather than retail-level products across the border. Management said the change can be reversed readily if tariffs return to normal and that the company already had production capability in the United States.
Continued Investment in Product Development
Management said it is continuing to invest in core technologies, intelligence, interoperability, security, and platform capabilities. Increased research and development spending supports a heavy product realization calendar.
DE:H8A 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