Harmonic Inc. reported preliminary unaudited financial results for the quarter ended July 3, 2026, announcing Broadband revenue of $133.5 million, a 54% year-over-year increase. The company raised its full-year 2026 net revenue guidance to $505–$525 million and reported cash reserves of $232 million following the completed sale of its Video business for approximately $137.9 million in June 2026. Harmonic operates as a pure-play broadband solutions provider, delivering virtualized broadband platforms and network intelligence to service providers.

Harmonic Inc. completed the sale of its Video Business to Leone Media Inc. (d/b/a MediaKind) for $145 million in cash. Neven Haltmayer resigned as Senior Vice President and General Manager, Video Business, effective June 16, 2026, due to retirement. Harmonic Inc. operates in the technology sector, providing video and video-based solutions.

Harmonic Inc. confirmed that the sale of its Video Business to Leone Media Inc. (d/b/a MediaKind) for $145 million in cash is on track to close in the second quarter of 2026. The transaction is subject to satisfaction of-the-remaining customary closing conditions under the Asset Purchase Agreement.