Operator

Thank you all for standing by. At this time, I would like to welcome everyone to the Haivision Second Quarter 2026 Earnings Call. [Operator Instructions]

I would now like to turn the call over to Mirko Wicha, President, CEO, and Chairman. You may now begin.

Miroslav Wicha
Chairman, President & CEO

Thank you, Tracy. Good morning, everyone, and thank you for joining us for our earnings call to discuss the second quarter of fiscal '26, which ended on April 30. Our second quarter unfolded against one of the most complex global operating environments we've seen in recent years. Heightened geopolitical tensions, including the conflict in the Middle East, ongoing supply chain volatility, component availability challenges, and customer procurement delays have created uncertainty across many of the markets we serve. As a result, some customer programs and capital spending decisions have shifted to the right, impacting the timing of some revenue recognition.

Now while these short-term headwinds have affected our near-term performance, they have not altered the underlying fundamentals of our business or the long-term demand drivers for our technology. In fact, we believe the secular trends supporting our company are stronger than ever. The increasing need for defense and intelligence capabilities, public safety modernization, critical infrastructure protection, cybersecurity resilience, enterprise security and government digital transformation continues to create significant opportunities for our solutions worldwide.

Our customers' missions have not changed. Their priorities have not changed. In many respects, they have become even more critical in today's geopolitical environment. Therefore, we remain focused on executing