Harmonic Q2 revenue beats estimates on broadband growth
HLIT•Outlook raised for 2026 and Q3
Harmonic raised its 2026 broadband revenue outlook to $505 million-$525 million.
The company expects third-quarter revenue between $125 million and $135 million and sees 2026 non-GAAP net income per share of $0.67-$0.75.
Q2 revenue and EPS beat estimates
Harmonic said second-quarter revenue rose 54% year over year, beating analyst expectations, and adjusted EPS also beat estimates.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $173 mln | $120.88 mln (5 Analysts) |
| Q2 Adjusted EPS | Beat | $0.24 | $0.17 (7 Analysts) |
| Q2 Loss Per Share | $0.02 |
Broadband growth and product wins drove results
The broadband solutions provider said Rest-of-Market broadband revenue grew 44% year over year and accounted for about 60% of second-quarter bookings, aiding overall revenue acceleration.
The company also cited its first SeaStar MDU deployment and multi-million dollar orders for Pearl-1XL and Oyster+ fiber products as contributors to the quarter.
Video business sale strengthens focus on broadband
Harmonic completed the sale of its Video business, which it said boosted cash and sharpened its focus on broadband.
