Q1 2026 Harmonic Inc Earnings Call Transcript

May 11, 2026 / 09:00 PM GMT

Release Date Price: $12.83 (+0.16%)

Transcript 10-Q8-K

Key Points

Positve

Harmonic Inc (HLIT) reported a 43% year-over-year increase in broadband revenue, reaching $121.7 million.
The company raised its full-year 2026 broadband revenue guidance to $475 million to $495 million, up from the previous range of $440 million to $480 million.
Harmonic Inc (HLIT) achieved a significant 78% growth in rest-of-market revenue, representing 42% of total revenue, indicating successful customer diversification.
The company repurchased approximately 4.2 million shares for $43 million, demonstrating a commitment to returning capital to shareholders.
Harmonic Inc (HLIT) is on track to complete the sale of its video business, which will streamline operations and focus on the broadband sector.

Negative

The company faces potential supply chain challenges, particularly with memory and other components, which could impact margins in the second half of the year.
Despite strong Q1 results, the guidance for the remainder of the year suggests no sequential growth, indicating a conservative outlook.
There are concerns about server availability, which could delay deployments and affect revenue recognition.
The pending sale of the video business includes $2.3 million in stranded costs, impacting operating profit.
Harmonic Inc (HLIT) is heavily reliant on its top two customers, who accounted for 58% of total revenue, posing a risk if these relationships change.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HLIT.OQ - Harmonic Inc
Q1 2026 Harmonic Inc Earnings Call
May 11, 2026 / 09:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Welcome to the first quarter 2026 Harmonic Earnings Conference Call.

My name is Lisa, and I will be your operator for today's call.

At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you'll need to press *11 on your telephone.

You will then hear an automated message advised when your hand is raised.

To answer your question, please press *11 and click in.

Also, please be advised that today's conference is being recorded.

I would now like to turn the call over to David Hanover, Investor Relations. David, you may begin.

-----------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.