Key Points – Haivision cut its fiscal 2026 revenue outlook to CAD 140 million–CAD 142 million after Q2 revenue fell 5.1% year over year to CAD 32.5 million, as procurement delays, geopolitical uncertainty, supply chain issues and customer budget reprioritization slowed spending….
Margins were pressured by mix and component costs, with Q2 gross margin dropping to 68.9% and adjusted EBITDA falling to CAD 300,000. The company said lower-margin defense deliveries and rising costs for memory, GPUs, CPUs and other components are squeezing profitability. – Haivision is changing its pricing model to protect margins by separating server hardware from software offerings, which could reduce revenue near term but should help offset input-cost volatility
Management also said the delays are not cancellations and reaffirmed long-term targets for double-digit revenue growth and 20% EBITDA margins. Haivision Systems (TSE:HAI) reported lower fiscal second-quarter revenue and reduced its full-year outlook, citing geopolitical uncertainty, procurement delays, supply chain constraints and customer budget reprioritization tied in part to artificial intelligence infrastructure spending. President, CEO and Chairman Mirko Wicha said the quarter, which ended April 30, unfolded against “one of the most complex global operating environments” the company has seen in recent years.
He pointed to heightened geopolitical tensions, including conflict in the Middle East, ongoing supply chain volatility, component availability challenges and customer procurement delays. “Some customer programs and capital spending decisions have shifted to the right, impacting the timing of some revenue recognition,” Wicha said. He added that Haivision has not seen a change in the underlying fundamentals of the business or in long-term demand for its technology. Revenue Falls in Q2, but First-Half Sales Remain Higher Haivision said second-quarter revenue was CAD 32.5 million, down CAD 1.8 million, or 5.1%, from the…