Evertz Technologies Stock Earnings Reports

Evertz reported Q2 FY2026 revenue of $132.7M, up 6% year-over-year and +18.4% sequentially. Recurring Software & Services totaled $60.7M (≈46% of revenue), a key growth driver and a trailing-12-month recurring run-rate of about $224M (≈44% of trailing revenue). Gross margin was 58.6% (within the 56%–60% target range) and diluted EPS was $0.24. R&D remained a major investment at $36.6M for the quarter (27.6% of revenue). Cash on hand was $96.7M and working capital $205.7M. The company finished November with >$240M purchase order backlog and $46M of shipments during November (combined shipments + backlog >$286M). The Board declared the regular quarterly dividend ($0.205/share) and a special dividend ($1.00/share), both payable ~Dec 24; the NCIB was renewed (effective Dec 11). Management emphasized continued momentum driven by adoption of IP/IT/cloud video solutions (ENX, DreamCatcher/BRAVO Studio), large-scale deployments, and ongoing investment in R&D and manufacturing expansion (facility acquisition near Pittsburgh). They noted margin variability is driven primarily by product mix, that ~60% of backlog is expected to convert within 12 months, and that most products sold are currently USMCA-compliant while the company is expanding U.S. manufacturing capacity to mitigate potential tariff risk. No debt was reported and the company said it retains flexibility for M&A.