Nov 2, 4:07 PM ET
Harmonic reported third-quarter 2026 revenue of $148.8 million, up 64% from $90.5 million a year earlier, and GAAP diluted earnings of $0.16 per share versus $(0.00) a year earlier. The company raised its full-year 2026 GAAP revenue outlook to $545 million to $555 million, and its Q4 2026 revenue guidance is $141 million to $151 million, which matters to shareholders because it signals continued growth after the Video business sale.
- Q3 2026 GAAP net revenue was $148.8 million, up 64% year over year; GAAP operating profit was $26.2 million versus $4.0 million a year earlier.
- Backlog and deferred revenue was $534.0 million at October 2, 2026, an increase of 58% from $338 million a year earlier.
- Full-year 2026 GAAP net revenue outlook raised to $545 million to $555 million; Q4 2026 GAAP net revenue guidance is $141 million to $151 million.
- Video business sale to Leone Media Inc. (MediaKind) completed June 16, 2026 for $137.9 million in proceeds at closing, subject to post-closing adjustments.
Read the filing on SEC.gov ↗
Aug 12, 4:09 PM ET
Harmonic reported preliminary unaudited Q2 2026 results for the quarter ended July 3, 2026, with Broadband net revenue of $133.5 million, up from $86.9 million a year earlier, and GAAP continuing-operations net income per share of $0.16 versus a $(0.01) loss. The company raised its full-year 2026 Broadband revenue outlook to $505 million-$525 million, but total company GAAP results were a loss of $(0.02) per share after a $19.4 million loss from discontinued operations tied to the Video business sale.
- Q2 2026 Broadband net revenue was $133.5 million, up 54% from $86.9 million in Q2 2025; Rest-of-Market revenue grew 44%
- GAAP net income per share from continuing operations was $0.16 in Q2 2026; total company GAAP net loss per share was $(0.02) including discontinued operations
- 2026 GAAP revenue guidance raised to $505 million-$525 million; Q3 2026 GAAP revenue guidance is $125 million-$135 million
- Video business sale to Leone Media Inc. (MediaKind) closed June 16, 2026 with $137.9 million in proceeds at closing; cash was $231.9 million at July 3, 2026
Read the filing on SEC.gov ↗
Jun 17, 9:05 AM ET
Harmonic Inc. completed the sale of its Video Business to Leone Media Inc. (d/b/a MediaKind) on June 16, 2026, for $145 million in cash, subject to customary post-closing adjustments. The company says it will now focus its resources on its broadband business, and the press release describes the proceeds as a significant capital infusion to the balance sheet.
- Sale closed June 16, 2026; purchase price of $145 million in cash, subject to adjustments for net working capital, cash and indebtedness, and specified selling expenses
- Harmonic agreed not to compete with the Video Business for three years after closing; both parties agreed to indemnify each other for certain losses under the agreement
- Neven Haltmayer, Senior Vice President and General Manager, Video Business, resigned effective June 16, 2026, after 20 years of service
- Harmonic plans an Investor Day in New York City on September 15, 2026
Read the filing on SEC.gov ↗
May 11, 4:10 PM ET
Harmonic reported preliminary first-quarter 2026 results, with Broadband net revenue of $121.7 million, up 43% from $84.9 million a year earlier, and raised its full-year 2026 Broadband revenue outlook to $475 million to $495 million. The sale of its Video business to Leone Media Inc. (d/b/a MediaKind) for $145 million in cash is expected to close in the second quarter of 2026.
- Q1 2026 Broadband GAAP net revenue $121.7 million vs. $84.9 million in Q1 2025; GAAP net income per share $0.10 vs. $0.02
- Total company GAAP net income $7.3 million, or $0.07 per diluted share, including a $3.9 million loss from discontinued operations
- Q2 2026 Broadband GAAP revenue guidance of $115 million to $125 million; 2026 GAAP net income per share guidance of $0.36 to $0.45
- Video sale expected to close in Q2 2026; a related incentive plan provides a $835,000 cash bonus to an SVP and GM upon completion
Read the filing on SEC.gov ↗
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