HLIT
Harmonic Inc.10.42
-0.04-0.38%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.19BP/E (TTM)
24.81Basic EPS (TTM)
0.42Dividend Yield
0%Recent Filings
8-K
8-K
10-Q
Q2 FY2025 results
Harmonic's Q2 revenue held steady at $138M, matching last year, while YTD sales climbed 4% to $271M on Video segment strength from new customer wins and better market dynamics. Gross margins expanded to 53.5% from 52.9% y/y, fueled by favorable product mix, flipping operating income positive at $3.9M versus a $15.6M loss; diluted EPS swung to $0.03 from -$0.11, confirmed against 113K weighted shares with no anti-dilution flags. Operating cash flow surged to $72M YTD, yielding $66M free cash flow after $5.7M capex (derived), bolstering $124M cash position amid $113M debt under the 2028 Credit Agreement and $82M revolver availability. Share repurchases totaled $50M YTD under the $200M program. Yet Video's reliance on a few big clients exposes it to spending delays.
8-K
Harmonic Q2 revenue flat, Video surges
Harmonic Inc. reported Q2 2025 revenue of $138.0 million, flat year-over-year, with Video surging 11.6% to $51.1 million on record SaaS growth while Broadband dipped 6.5% to $86.9 million. Gross margins expanded to 53.5% GAAP and 54.1% non-GAAP, driving $3.9 million operating income versus last year's $15.6 million loss; cash swelled to $123.9 million after repurchasing $14.0 million in shares. Momentum builds in Video, but Broadband upgrades lag. Q3 guidance eyes $120-135 million revenue.
8-K
Annual meeting approvals passed
Harmonic Inc. held its 2025 Annual Meeting on June 12, electing all eight directors—Nimrod Ben-Natan, Patrick Gallagher, Deborah L. Clifford, Stephanie Copeland, Dana Crandall, Neel Dev, David Krall, and Dan Whalen—with strong majorities exceeding 84 million votes for each. Stockholders approved executive compensation advisory vote, amendments to the 2002 Employee Stock Purchase Plan adding 500,000 shares, the 2025 Equity Incentive Plan, and ratified Ernst & Young as auditors. All proposals passed decisively. This signals robust governance support.
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