Barco reported third-quarter revenue of 228,6 million euros on Tuesday, missing analyst expectations and forcing the visualization technology specialist to lower its financial outlook for 2026.
Revenue Rises Slightly While Orders Fall Short
Total third-quarter revenue reached 228,6 million euros, including the contribution from VerVent, representing a 1-percent increase compared to the same period last year. Order intake dropped 3 percent year-on-year to 215,7 million euros, according to company data released Tuesday. As of September 30, the order backlog stood at 553,9 million euros, marking a 3-percent increase from the previous year.
The reported results contrasted sharply with pre-earnings expectations. KBC anticipated revenue to climb 8,4 percent to over 246 million euros, exceeding the general consensus of 244,5 million euros. KBC also projected incoming orders of 241 million euros, which similarly outpaced the consensus estimate of 239 million euros.
Management Lowers Guidance Amid Challenging Markets
Chief Executive Officer An Steegen cited challenging market conditions in a company statement, pointing to necessary corrective actions. Barco plans to simplify its organization, actively evaluate its product portfolio, and accelerate investments in innovation and software development. Steegen noted that Control Rooms maintains strong momentum, Healthcare demonstrates resilience, and Cinema benefits from robust summer box-office revenues.
Barco now expects full-year revenue for 2026 to fall slightly below 2025 levels, accompanied by an EBITDA margin of approximately 11 percent. During the publication of its half-year figures, management previously forecasted higher annual revenue than the previous year—including the VerVent Audio Holding acquisition—alongside an EBITDA margin of 11 to 12 percent.
Frequently Asked Questions
What was the exact revenue reported by Barco for the third quarter?
Barco posted 228,6 million euros in revenue for the third quarter, which included contributions from VerVent.
How did analyst predictions compare to the actual order intake?
KBC and general consensus analysts expected order intake to reach between 239 million and 241 million euros, but actual order intake landed lower at 215,7 million euros.
What is Barco’s revised EBITDA margin target for the full year?
Management lowered its profitability outlook to an EBITDA margin of approximately 11 percent, down from a previous range of 11 to 12 percent.
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