HARMONIC INC. (HLIT) Form 10-Q — Aug 17, 2026
Harmonic's Q2 2026 net revenue jumped 54% year over year to $133.5 million, driven primarily by a $40.3 million increase from customers ramping new broadband deployments in the Americas. Gross margin expanded 660 basis points to 52.4%, and income from continuing operations swung to $17.1 million ($0.16 per share) from a $0.9 million loss a year ago. On June 16, 2026, Harmonic completed the sale of its Video business to Leone Media Inc. (d/b/a MediaKind), receiving $137.9 million at closing against a $145 million headline price, and now operates as a pure-play broadband company with a single reportable segment.
Key figures
- Revenue
- 133462000
- Total Debt
- 110.8 million principal under Credit Agreement ($75.0M revolver + $35.8M term loan)
- Revenue Yoy
- 54%
- Total Assets
- 632645000
- Cash Position
- 231862000
- Shares Outstanding
- 109066445
- Gross margin
- 52.4% (up 660 bps YoY from 45.8%)
- Buyback h1 2026
- 43.0 million (4.2 million shares)
- Six month revenue
- 255157000
- Q2 eps continuing ops
- 0.16
- Six month revenue yoy
- 49%
- Divestiture purchase price
- 145 million
- Income from continuing ops
- 17051000
- Top customer concentration
- 45% and 18% of Q2 revenue; top 10 customers 89%
- Buyback authorization remaining
- 78.0 million of 200 million
- Divestiture proceeds at closing
- 137.9 million
- Remaining performance obligations
- 587.6 million (73% expected within 12 months)
Price after filing
Close on the filing date to close N calendar days later (from $13.43). Historical, not a forecast.
AI analysis
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