Sangoma Technologies missed analyst expectations in its latest quarterly results, reporting revenues of US$51 million (2.1% below forecasts) and a statutory loss of US$0.07 per share, significantly worse than predicted. Following the earnings report, the six analysts covering the company have revised their forecasts. They now expect 2027 revenues of US$210.7 million, down from a previous consensus of US$217.4 million, representing a 0.7% annual decline. Per-share losses are projected to narrow 54% to US$0.09. The average price target fell 11% to CA$9.81, with estimates ranging from CA$8.02 to CA$11.04. This outlook contrasts sharply with the industry, where companies are expected to grow revenues by 7.1% annually, and marks a reversal from Sangoma's historical five-year growth rate of 7.2%.

Sangoma Technologies has reported third quarter fiscal 2026 results with revenue of $51 million, down less than 1% from the previous quarter. Excluding revenue from the sold VoIP Supply business, revenue declined less than 2% year-over-year on a like-for-like basis. The company saw strong performance in its MSP and Voice Infrastructure segments, growing 9% and 17% respectively. Adjusted EBITDA reached $7.5 million, representing 15% of revenue, whilst net loss was $2.3 million. Sangoma's board has engaged ATB Cormark Capital Markets to evaluate strategic alternatives following expressions of interest. The company has revised its fiscal 2026 guidance to revenue of $204–$205 million and Adjusted EBITDA margin of 15–16%, citing shifts in revenue timing, product mix and macroeconomic conditions. Total debt decreased approximately 39% year-over-year to $32.5 million.