Earnings ·
Harmonic raises full-year revenue outlook to $545M-$555M as Q3 sales jump 64% to $148.8 million
HLITHarmonic Inc.
Harmonic Inc. reported third-quarter net revenue of $148.8 million, a 64% increase year over year, driven by Rest-of-Market growth that more than doubled to account for 46% of total sales. The company raised its full-year 2026 revenue guidance to $545 million–$555 million and reported Q3 operating profit of $26.2 million on a GAAP basis, or $33.0 million non-GAAP. Backlog and deferred revenue rose 58% to $534.0 million, while cash holdings increased to $142.8 million. Harmonic operates in the broadband technology sector, providing virtualized solutions for service providers.