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AI brief of an SEC Form 8-K · Harmonic (HLIT)

Harmonic Q4 bookings hit 3.5 book-to-bill; 2026 Broadband revenue guided $440M-$480M

Mixed Impact 3 of 5 earnings Written later

Harmonic reported preliminary unaudited results for the fourth quarter and fiscal 2025. Broadband revenue fell sharply from a year earlier, but backlog and deferred revenue rose 73%, and the company guided 2026 Broadband GAAP net revenue to $440 million to $480 million, compared with $360.5 million in fiscal 2025. Results also include a $57.5 million goodwill impairment on the Video business, which is being sold to Leone Media Inc. for $145 million in cash.

Key points

  • Q4 2025 Broadband net revenue was $98.2 million, down from $171.0 million in Q4 2024; fiscal 2025 revenue was $360.5 million versus $488.2 million.
  • Total company GAAP loss per share was $(0.49) for Q4 and $(0.38) for fiscal 2025, including a $57.5 million goodwill impairment on the Video business.
  • Backlog and deferred revenue rose 73% to $573.8 million; Q1 2026 GAAP Broadband net revenue guidance is $100 million to $105 million.
  • The $145 million Video business sale is expected to close in the first half of 2026, subject to closing conditions.

The filing

CompanyHarmonic (HLIT)
Form8-K, current report
Filed with the SECFeb 19, 2026, 4:15 PM ET
Accession number0001193125-26-059434

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.