Key Points – Vecima raised its calendar 2026 outlook, now expecting revenue growth of 22.5% to 30% versus 2025, up from 20% to 30%, with an adjusted EBITDA margin target of 20%.
Management said improving customer purchase orders and broadband upgrade demand are driving the stronger forecast. – Broadband demand, especially from Charter, is fueling the upgrade cycle, including deployments of Vecima’s Entra Remote PHY and fiber access products and a new multi-year DOCSIS 4.0 agreement
The company said its rollout is underway and could support a new quarterly revenue high in the near term. – Third-quarter results were mixed but margins improved: revenue rose 1.3% year over year to CAD 64.8 million, while adjusted EBITDA margin increased to 17.4% and adjusted gross margin reached 50.7%. Vecima still posted a small net loss, but cash flow from operations improved sharply and the board approved a quarterly dividend. Vecima Networks (TSE:VCM) said it raised its calendar 2026 growth outlook as customer demand for broadband network upgrade products strengthens, while reporting fiscal third-quarter revenue that was slightly higher than a year earlier but lower sequentially.
President and CEO Sumit Kumar said the company now expects calendar 2026 revenue growth of 22.5% to 30% compared with calendar 2025, up from its prior expectation of 20% to 30%. Vecima also expects an adjusted EBITDA margin of 20%, which Kumar said would imply year-over-year adjusted EBITDA growth of 74% to 85%. “With increased demand coalescing, our raised outlook is underpinned by customer purchase orders and forecasts with clear visibility into increased volumes in the near term,” Kumar said. He added that the company is seeing revenue momentum entering the fourth quarter of fiscal 2026 that positions it “to reach a new quarterly high in the near term,” with sustained growth expected afterward.