Vecima Networks shall be using a excessive into subsequent week’s SCTE TechExpo in Atlanta after the Canada-based broadband tech firm posted report fiscal This autumn revenues, bumped its income steering for the complete calendar yr and notched new wins for its comparatively new digital cable modem termination system (vCMTS) platform.
Whereas Vecima’s vCMTS progress story is additional out from a income standpoint, the corporate’s report C$91 million (US$64.3 million) in fiscal This autumn was pushed largely by distributed entry structure (DAA) upgrades underway at Spectrum/Constitution as a part of the seller’s multi-year agreements with the operator. Fiscal This autumn revenues have been up 36% from C$66.7 million ($47.16 million) within the year-ago quarter, and have been up 45% from C$62.9 million ($44.47 million) within the prior interval.
Vecima famous that the ramp-up within the interval included rising gross sales of distant PHY modules (used for DAA deployments) and report gross sales of its Entra SF-4X optical fiber entry platform. It is also seeing progress for the EN9000, a node based mostly on the SCTE’s Generic Entry Platform (GAP) customary, which Spectrum is championing.
Primarily based on present orders and forecasts, Vecima once more raised its outlook for calendar yr 2026, anticipating income progress between 27% and 32%. That is up from a previous forecast of twenty-two.5% to 30%. Vecima’s additionally projecting fiscal 2027 income progress of 30% to 35%.
Though 89% of Vecima’s gross sales within the interval have been with US-based operators, the corporate mentioned there was a “negligible” monetary impression from US tariffs on Canada.
Seven digital CMTS wins
Vecima is seeing some momentum for its vCMTS, asserting that it has seven design wins with cable operators in North America and Europe. It at the moment has vCMTS offers with two tier 1 North American cable operators: Videotron in Canada and Cox Communications within the US. Cox just lately merged with Constitution, which beforehand chosen Harmonic as its vCMTS companion.
Talking on Thursday’s earnings name, Vecima President and CEO Sumit Kumar mentioned the tier 1 offers are anticipated to achieve some customer-facing trials in a number of “main markets” later this yr. A subset of operators representing Vecima’s different 5 vCMTS wins – all based mostly in Europe and aided partly by a latest interoperability partnership with Teleste – are already within the deployment stage however have not been introduced by identify.
Kumar famous that Vecima’s vCMTS and XGS-PON product traces do not issue a lot into the up to date income forecasts for calendar and financial yr 2027, however he sees them changing into “significant” income contributors in 2028 and past.
The latest wins are serving to Vecima achieve a little bit of floor within the broader vCMTS market. Harmonic at the moment has an enormous lead, with 161 operators worldwide deploying its vCMTS as of the tip of Q2 2026. Vistance Networks/Aurora Networks (previously CommScope) can be within the combine, with Liberty International and Hungary’s Vidanet amongst its introduced wins.
Vecima can be investing additional into AI-assisted broadband efficiency monitoring. Earlier this week, the corporate mentioned it acquired Akleza’s “CableDiag” proactive community upkeep (PNM) platform, which is at the moment monitoring over 5 million DOCSIS gadgets deployed by greater than 25 cable operators.
