Every material Form 8-K Harmonic filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Harmonic entered a Put Option Agreement with Leone Media Inc. (d/b/a MediaKind), giving Harmonic the right to require MediaKind to buy its Video Business for $145 million in cash after a French works council consultation. The company says the sale would sharpen its focus on its Broadband business and strengthen its balance sheet, and it reaffirmed its Q4 2025 guidance, though the filing does not disclose the business's financial results.
Purchase price is $145 million in cash, subject to adjustments for net working capital, cash and debt, and selling expenses
Exclusivity runs until the signing of the asset purchase agreement or March 23, 2026, whichever comes first
Closing is expected in the first half of 2026; either party may terminate if closing conditions are not met by June 8, 2026
Harmonic reaffirmed its total company financial guidance for Q4 2025
Harmonic reported preliminary, unaudited third-quarter 2025 results for the quarter ended September 26, 2025, in a press release furnished with this 8-K. Revenue was $142.4 million, down from $195.8 million a year earlier, and GAAP net income fell to $2.7 million, or $0.02 per share, from $21.7 million, or $0.19 per share. The company also gave fourth-quarter 2025 GAAP net revenue guidance of $133 million to $147 million.
Q3 2025 revenue was $142.4 million versus $195.8 million in Q3 2024; Broadband was $90.5 million (versus $145.3 million) and Video was $51.9 million (versus $50.4 million).
GAAP net income was $2.7 million ($0.02 per share) versus $21.7 million ($0.19 per share) a year earlier; Non-GAAP net income per share was $0.12 versus $0.26.
Q4 2025 guidance projects total GAAP net revenue of $133 million to $147 million and Non-GAAP adjusted EBITDA of $13 million to $22 million.
Harmonic repurchased about 1.8 million shares for $15.7 million in the quarter and reported cash of $127.4 million at quarter end.
Harmonic reported preliminary unaudited second-quarter 2025 results for the quarter ended June 27, 2025. Revenue was $138.0 million, down from $138.7 million a year earlier, while GAAP net income was $2.9 million, or $0.03 per share, compared with a GAAP net loss of $12.5 million in the prior-year quarter. The company also gave third-quarter 2025 GAAP revenue guidance of $120 million to $135 million.
Q2 2025 revenue $138.0 million vs $138.7 million in Q2 2024; Video revenue rose to $51.1 million from $45.8 million, while Broadband fell to $86.9 million from $92.9 million
GAAP net income $2.9 million, $0.03 per share, vs GAAP net loss of $12.5 million, $(0.11) per share, a year earlier
Q3 2025 GAAP net revenue guidance of $120 million to $135 million; GAAP net income (loss) guided at $(4) million to $0 million
Cash and cash equivalents of $123.9 million at June 27, 2025; repurchased about 1.6 million shares for $14.0 million
Harmonic reported preliminary unaudited first-quarter 2025 results for the quarter ended March 28, 2025. Revenue rose to $133.1 million from $122.1 million a year earlier, and the company swung to GAAP net income of $5.9 million from a loss of $8.1 million. For Q2 2025, Harmonic guided to a GAAP net loss of $5 million to $1 million on revenue of $120 million to $135 million.
Q1 2025 GAAP net income was $5.9 million, or $0.05 per diluted share, compared with a GAAP net loss of $8.1 million, or $0.07 per share, a year earlier.
Q1 2025 Broadband segment revenue was $84.9 million and Video segment revenue was $48.3 million, both higher than the prior-year quarter.
Q2 2025 GAAP net loss guidance is $5 million to $1 million, and Non-GAAP net income per share guidance is $0 to $0.04.
Harmonic repurchased about 3.5 million shares for $36.1 million in the quarter and ended with $148.7 million in cash.
On February 20, 2025, Harmonic's Compensation Committee approved three 2025 bonus plans covering corporate, broadband and video executives, including CEO Nimrod Ben-Natan and CFO Walter Jankovic. Bonuses depend on fiscal 2025 non-GAAP operating profit and bookings targets, and the committee retains discretion to amend or cancel the plans.
Target bonus is 100% of base salary for CEO Nimrod Ben-Natan and 80% for CFO Walter Jankovic
Payouts can reach up to 200% of the target bonus portion tied to each metric if targets are exceeded
Broadband Plan uses non-GAAP operating profit and bookings; Video Plan uses non-GAAP operating profit for fiscal 2025
Bonuses are paid after fiscal year 2025 ends, and participants must remain employed through payment
Harmonic reported unaudited fourth-quarter 2024 revenue of $222.2 million, up from $167.1 million a year earlier, and GAAP net income of $38.1 million, down from $83.8 million, which included a prior-year tax benefit. The company guided to 2025 GAAP net revenue of $585 million to $645 million and authorized a new $200 million share repurchase program through February 2028.
Q4 2024 GAAP diluted EPS was $0.32, versus $0.72 a year earlier; non-GAAP diluted EPS was $0.45, versus $0.13
Q4 2024 adjusted EBITDA was $71.8 million, versus $21.7 million a year earlier
2025 GAAP net revenue guidance is $585 million to $645 million, with GAAP net income of $22 million to $53 million
Board authorized a new $200 million buyback through February 2028, replacing the existing program
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.
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