Publication on May 21, 2026 at 18:30 CET after market closing
Regulated and Inside Information
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

>      Liège, Belgium | May 21, 2026

EVS continues to operate in an environment characterized by macro-economic uncertainty, geopolitical volatility and foreign exchange movements, which may affect customer decision cycles and the timing of order intake. Against this backdrop, the current geopolitical situation in the Middle East remains a factor to monitor closely, while customer discussions continue to be active across most regions. The first quarter traditionally starts slowly; nevertheless, order intake increased compared with last year and revenue grew, supported by Big Event Rental. In the first months of the year, our priority was to build and mature the pipeline required to achieve our full-year objectives, and we made considerable progress in this area, supported by a successful NAB trade show in Las Vegas in April. The year also started with successful Big Events in February and March, during which EVS was widely deployed and our new business division T‑Motion contributed by showcasing new viewing experiences. Overall, EVS remains cautiously optimistic for 2026 and will focus on disciplined execution and pipeline conversion. 

Highlights 

• Order intake and revenue grew in the first quarter, with revenue growth supported by Big Event Rental.
• Secured revenue* for 2026 stands at EUR 125.8 million, including EUR 15.4 million of BER. Overall growth compared with the prior year is marginal (EUR 0.8 million) and results from the acceleration of production and delivery cycles in 2H25. Hence, achievement of full-year guidance largely depends on pipeline conversion, as well as the timing of customer decisions and deliveries during 2H26.
• Direct gross profit margin remains solid. Full-year margin performance may be influenced by solution mix, including T‑Motion, component cost evolution and the pace at which pricing actions can be implemented.
• Current macro-economic conditions require continued discipline in team evolution and strong control of operating expenses, while safeguarding key investments in innovation and customer delivery.
• Based on the 1Q26 results and current market dynamics, we maintain our revenue guidance of EUR 220-240 million and announce an associated EBIT range of EUR 40-50 million. This outlook remains subject to pipeline conversion, regional demand conditions, including the Middle East, foreign exchange developments, and execution on pricing and cost measures.

_{*secured revenue includes the already recognized revenue as well as open orders on hand that will be recognized as revenue in 2026} 

Markets, Customers & Technology

During the first part of the year, the broadcast market has been primarily driven by the delivery of major winter sports events in Europe and preparation for upcoming large-scale productions in North America. These events continue to act as key demand drivers for EVS solutions, particularly in Live Sports and Big Event environments.

EVS further demonstrated the integration benefits of its recent acquisitions with the successful deployment of T‑Motion solutions (combining Telemetrics and XD Motion capabilities) during these events. Adoption by both host broadcasters and rights holders confirms early commercial traction and validates the strategic rationale of these acquisitions.

A notable illustration of this integration is the use of T‑Motion-enabled “teleportation” workflows by France Télévision, enabling seamless remote interview production between on-site and studio environments. This highlights EVS’ ability to deliver differentiated, high-value production workflows that enhance content quality while optimising operational efficiency.

In parallel, EVS continues to expand beyond the traditional broadcast footprint. The Group’s participation for the first time in the ISE (Integrated Systems Europe) trade show in Barcelona reflects growing interest from non-broadcast customers and supports its strategy to address adjacent markets such as corporate video and enterprise applications.

In terms of revenue mix and order intake, the Live Audience Business (LAB) market pillar continues to outperform Live Service Provider (LSP), reaching a record level of LAB order intake in Q1. This reflects sustained demand for premium live production experiences and EVS’ strong positioning in high-value audience-driven environments.

Regional performance remains broadly in line with historical trends, with the notable exception of the Middle East, where geopolitical conditions are impacting business activity and customer decision cycles.

Recent customer deployments further illustrate EVS’ value proposition in terms of scalability, efficiency, and total cost of ownership. A representative example is Pacers Sports & Entertainment, which expanded its existing EVS Media Infrastructure—initially deployed in 2023—across multiple venues, rather than investing in a new control room. This approach enables ultra-low latency operations, enhanced operational efficiency, and consistent fan experiences, while also supporting recurring revenue streams and upsell opportunities for EVS.

EVS also continues to strengthen its partner ecosystem. The growing scale and quality of attendance at its annual Channel Partner event held ahead of NAB in Las Vegas highlights increasing engagement and reinforces the relevance of EVS solutions across partner-led customer segments.

NAB 2026 provided a platform to demonstrate key innovation drivers supporting future growth:

• Robotics and orchestration: Six months after the integration of Telemetrics and XD Motion in T-Motion solution, EVS introduced Choreon, its next-generation robotics controller, streamlining the management and orchestration of production robotics. The solution received the “TV Technology Best of Show Award”, supporting its early market recognition.

• Extended monetization through digital publishing workflows: New capabilities enabling direct social media publishing in mobile-first formats from LSM-VIA extend EVS’ reach into digital workflows, capturing incremental addressable market while improving operational efficiency across production teams.

• Unified production environments supporting consolidation of the media players: The continued evolution of MediaCeption, leveraging cloud and AI, supports customers in transitioning from fragmented workflows to fully integrated, end-to-end content production environments.

• AI-enhanced officiating and content workflows: EVS showcased proprietary AI-driven technologies, including image deblurring for improved decision-making, alongside broader AI applications across content capture, creation, and media management.

Overall, these developments illustrate EVS’ ability to translate innovation into tangible customer value, expand its addressable market, and reinforce its competitive positioning across both broadcast and adjacent media segments.

Corporate Topics 

From a tooling and process perspective, we continue to strengthen the backbone built over the past years. Internally, our attention is increasingly focused on optimizing workflows and processes to support our sustainable growth model over the long term.

From a security perspective, we have committed as a company to achieving ISO27001 certification in 2027. We have outlined a roadmap to reach that milestone and are executing the required actions. While certification is a multi-year effort, this program reinforces our focus on robust information security practices for our customers and stakeholders.

From an ESG point of view, EVS will continue its sustainability strategy, this despite a less stringent regulatory framework. This demonstrates our eagerness to contribute to society and also remain on the forefront of our market. 

The macro-economic environment remains volatile, and we continue to focus on the profitability of our solutions. We monitor our pricing models and strategy to reflect market realities, including component cost evolution and competitive dynamics. This resulted in new list prices announced in May 2026; the pace at which pricing translates into realized margins may depend on customer purchasing cycles and contract structures.

In terms of team members, we expect a marginal increase in the number of team members, next to the team members joining us from new acquisitions. We carefully assess our investment needs, taking into account the macro-economic climate. 

EVS announced a share buyback program in April of this year. The program is currently ongoing and, to date, we have repurchased approximately 14% of the overall objective of EUR 5 million.

Outlook 

Secured revenue for 2026 stood at EUR 125.8 million as of March 31. Based on this measure and the pipeline built over the past couple of months, we reconfirm our full-year revenue guidance of EUR 220-240 million. Achieving this guidance depends on pipeline conversion, the timing of customer purchasing decisions and deliveries, and the evolution of external factors such as macro-economic conditions and regional demand. In particular, the current situation in the Middle East may affect full-year revenue performance and could lead EVS toward the lower end of the guidance range. At the same time, given the strength of the pipeline and the opportunities currently identified, we believe there remains potential to offset this impact through execution in other areas of the business. This revenue guidance does not take into account a sustained weakening of the US dollar versus the euro. 

EVS also benefits from a broad geographic footprint and a diversified solutions portfolio, which help balance risk across the business. When one region faces temporary disruption, activity in other regions can help mitigate the impact of one-off events. The same applies to our solutions mix: weaker demand in one area is often partly offset by momentum in another, with T‑Motion currently representing an additional source of commercial opportunity.

We expect the year to be significantly back-end loaded. This reflects the acceleration of delivery terms introduced toward the end of 2025, which reduces the level of secured revenue visible early in the year, as well as the composition and timing of the current pipeline, which point to higher business volumes in the second half of 2026. As a result, revenue performance for the year will depend more heavily on execution and conversion during the coming quarters.

The long-term order book (beyond 2026) is strong and continues its growth trajectory at EUR 89.0 million, which is comforting for future periods.

The gross margin for full-year 2026 is expected to decline marginally as a result of a change in solution mix, primarily due to the contribution of our new robotics business division, T‑Motion. As designed, we expect gross margin by solution to improve over time; however, the overall margin outcome will also depend on the pace of the ramp-up, input cost evolution, and the timing and customer acceptance of pricing actions. The most recent price increase was introduced in May 2026.

Operational expenses continue to be closely monitored and controlled, to ensure we balance growth and investments for the year.

Alongside the revenue guidance previously announced, we now introduce EBIT guidance for the year in the range of EUR 40.0-50.0 million. Our focus remains on disciplined cost management and investment prioritization. The outcome may be influenced by revenue timing, mix, pricing execution and foreign exchange movements.

Key assumptions and sensitivities: The outlook assumes (i) timely conversion of the current pipeline into order intake, with no material deterioration in customer decision cycles; (ii) deliveries and revenue recognition broadly in line with current project schedules, including the phasing of Big Event Rental activities; (iii) stable demand conditions across key regions, noting that heightened geopolitical uncertainty, particularly in the Middle East, could weigh on full-year revenue performance and move results toward the lower end of the guidance range; (iv) no sustained weakening of the US dollar versus the euro beyond what is embedded in the guidance; and (v) continued execution on pricing actions and cost discipline to mitigate input cost inflation. At the same time, revenue and profitability may still benefit from strong pipeline conversion and commercial opportunities in other parts of the business, which could offset part or all of the impact from the Middle East. Profitability is also sensitive to solution mix, including the ramp-up of T‑Motion, and the pace of integration benefits. Any disruption to supply chains, component availability or delivery capacity could affect revenue timing and margin performance. 

Dividend 

We reiterate the full year 2026 expected dividend distribution of EUR 1.20 per share, which remains subject to market conditions and to the approval of the Ordinary General Meeting of Shareholders.

Corporate Calendar 

August 18th, 2026 : 2Q 2026 and 1H 2026 results (post market publication) 
November 17st, 2026 : 3Q 2026 results (post market publication)