Highlights

  • Audinate lifted FY26 Revenue 15% to US$46.0 million, with Gross Profit also rising 15% in US dollar terms.
  • Underlying EBITDA swung to a A$3.6 million loss in FY26 from a A$0.7 million profit a year earlier.
  • Management expects FY27 US dollar gross profit growth in line with or slightly ahead of FY26's 15% pace.
  • Shareholders carried all six AGM resolutions on 20 October 2026, with 16.85% voting against the remuneration report.

Audinate Group Ltd (ASX:AD8) has told shareholders it expects materially stronger Operating Cash Flow in FY27, after restructuring its workforce and targeting flat operating costs. At its 20 October 2026 annual general meeting, the developer of the Dante audio and video networking platform outlined expectations for continued gross profit growth while flagging industry-wide constraints on memory and semiconductor supply.

FY26 Marks a Return to Revenue Growth

For FY26, the year to 30 June 2026, revenue rose 15% to US$46.0 million, or 9% to A$67.8 million in Australian dollar terms. Gross profit increased 15% to US$37.7 million, and the gross Margin held steady at 82.0%. The chair described the result as a return to growth.

Profitability moved the other way. Underlying EBITDA was a loss of A$3.6 million, compared with a A$0.7 million profit in FY25, and cash and term deposits fell to A$65.1 million at 30 June 2026 from A$109.9 million a year earlier. Management has said the company has sufficient Liquidity to fund its growth initiatives.

Dante Ecosystem Keeps Expanding

Dante is embedded in more than 5,100 products from 542 OEMs, and over 8 million Dante-enabled devices have shipped. During FY26, OEMs released 555 new Dante products and the company recorded 137 design wins. More than 375,000 AV professionals have been trained and certified across 24 countries.

The company has also extended its own range, with Dante AVIO adaptors moving into installation markets, enhancements to the Dante Director network management tool, and Iris, a cloud-based camera control and remote production platform with more than 20 OEM camera partners.

Restructure Targets a Leaner Cost Base

Audinate has restructured its workforce and operations to focus on key growth initiatives, reducing overheads where major build programmes are complete while preserving R&D investment. Internal teams have been realigned into three categories, Embedded Components, Installed Products, and Software and Services, each with a new Leadership role. The full benefit is expected from FY27.

The strategy rests on building the network through embedded OEM software, expanding it with Audinate-owned products such as AVIO adaptors, and monetising it through subscription and services offerings including Iris, DVS and Dante Director.

FY27 Outlook and Supply Conditions

For FY27, management expects US dollar gross profit growth in line with or slightly ahead of FY26's 15%, a gross margin consistent with FY26, and Australian dollar operating costs broadly flat, excluding one-off restructuring and Iris acquisition-related payments. It also expects materially stronger operating cash flow, helped by revenue growth and the leaner cost base.

The company has flagged constraints on RAM, flash memory and semiconductor capacity linked to heavy AI infrastructure investment, and has passed higher memory prices on to customers while sourcing alternative parts. It describes Demand as solid and bookings as healthy. Shares were priced at A$2.02 on 2 November 2026, down 2.89% on the day, and were down 59.03% over 12 months.