Canada's Haivision Q3 revenue dips on purchasing and deployment cycles

Haivision Systems

09/09/2026 22:21

Overview
Canada video networking firm's fiscal Q3 revenue declined 1.4% yr/yr, slightly beating analyst expectations
Adjusted EBITDA for fiscal Q3 dropped sharply, impacted by lower gross margins and higher expenses
Company says revenue decline tied to timing of customer purchasing and deployment cycles in Broadcast segment

Outlook
Haivision says customer demand remains strong but notes extended procurement cycles may shift revenue timing
Company expects near-term margin compression due to supply chain challenges and tariffs
Haivision sees healthy demand for secure, high-quality video solutions in enterprise and broadcast markets

Result Drivers
PURCHASING CYCLES - Co said revenue decline was due to timing of customer purchasing and deployment cycles, particularly in Broadcast segment
SUPPLY CHAIN COSTS - Gross margins were impacted by supply-chain challenges and input costs rising faster than price adjustments, per CFO Dan Rabinowitz
DISCIPLINED CUSTOMER SPENDING - Co said broadcast technology customers are showing more disciplined purchasing behavior, focusing on returns and efficiency

Company press release: ID:nCNWYR59Sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
C$34.54 mln
C$34.23 mln (4 Analysts)
Q3 Net Loss
 
C$2.10 mln
 
Q3 Gross Profit
 
C$23.97 mln
 
Q3 Operating Income
 
-C$1.70 mln
 
Q3 Pretax Loss
 
C$1.92 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the integrated hardware & software peer group is "buy"
Wall Street's median 12-month price target for Haivision Systems Inc is C$7.75, about 81.5% above its September 8 closing price of C$4.27
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 24 three months ago

Reuters Recommended Reads
Sept 9 - Canadian printing firm Transcontinental's Q3 adj profit misses estimates
Sept 9 - Canada's Currency Exchange International Q3 revenue rises driven by Payments growth
Sept 8 - Canada's North West Q2 revenue rises as same-store sales grow

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)