Q2 2025 Harmonic Inc Earnings Call Transcript
Key Points
- Harmonic Inc (HLIT) exceeded guidance in both Broadband and Video segments, with total revenue reaching $138 million.
- The company achieved record Fiber revenue and significant growth in Broadband Rest of World, highlighting strong global demand.
- Harmonic Inc (HLIT) repurchased $14 million of its outstanding common shares, bringing total repurchases to $50.1 million under the current program.
- The company introduced SeaStar, a new optical node for multi-dwelling units, enhancing its product offerings in the Fiber segment.
- Harmonic Inc (HLIT) demonstrated a 14 gigabit per second throughput milestone on a live Unified DOCSIS 4.0 system, setting a new industry record.
- The global trade environment remains uncertain, with tariffs posing potential risks to future financial performance.
- Free cash flow was negative at minus $15.5 million for the quarter, despite strong revenue performance.
- Broadband gross margin decreased by 110 basis points year-over-year, primarily due to tariff costs.
- The company provided cautious guidance for Q3 2025, reflecting industry and macroeconomic uncertainties.
- Harmonic Inc (HLIT) did not provide updated full-year 2025 guidance due to ongoing tariff and economic condition uncertainties.
Welcome to the second-quarter 2025 Harmonic earnings conference call. My name is Victor and I'll be your operator for today's call. (Operator Instructions) Please note that this conference is being recorded.
I will now turn the call over to David Hanover, Investor Relations. David, you may begin.
Thank you, operator. Hello, everyone, and thank you for joining us today for Harmonic's second-quarter 2025 financial results conference call. With me today are Nimrod Ben-Natan, President and CEO; and Walter Jankovic, Chief Financial Officer. Before we begin, I'd like to point out that in addition to the audio portion of the webcast, we've also provided slides to this webcast, which you may view by going to our webcast on our Investor Relations website.
Now turning to slide 2. During this call, we will provide projections and other forward-looking statements regarding future events or future financial performance of the company. Such statements are only current expectations and actual events or
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