Harmonic Reports Strong Q2 Earnings with Revenue Growth of 54% Year-Over-Year
Harmonic Inc. (HLIT) reported second-quarter revenue of $133.5 million, a 54% increase year-over-year driven by strong demand in broadband and fiber segments. The company also saw significant growth from its rest-of-market segment with revenue reaching $49.4 million, up 44%. Total bookings for the quarter were $144.3 million, led by accounts outside of top-tier customers. Harmonic raised full-year revenue guidance to between $505 million and $525 million from a previous range of $475 million to $495 million due to strong business momentum. Non-GAAP earnings per share (EPS) came in at $0.21, exceeding the prior forecast of $0.15 to $0.19. The company also reported an operating profit of $31.3 million, surpassing its guidance range. The firm has a backlog and deferred revenue totaling $587.6 million as of July 3, 2026, reflecting improved long-term visibility.
Tickers: $HLIT