Core Insights - Harmonic Inc. reported strong second quarter results for 2025, with revenue and profitability in both Video and Broadband segments exceeding the high end of their guidance [2][4] - The company is experiencing momentum in the Video segment and anticipates moderate growth in Broadband, with positive indicators for future performance [2][4] Financial Performance - Q2 2025 net revenue was $138.0 million, slightly down from $138.7 million in Q2 2024 [7] - Broadband segment revenue decreased to $86.9 million from $92.9 million year-over-year, while Video segment revenue increased to $51.1 million from $45.8 million [7] - GAAP net income for Q2 2025 was $2.9 million, compared to a net loss of $12.5 million in the prior year [7] - Non-GAAP net income was $10.3 million, up from $9.3 million in Q2 2024 [7] - Adjusted EBITDA for the quarter was $17.0 million, compared to $16.1 million in the prior year [7] Business Highlights - The company reported bookings of $158.4 million for the quarter, significantly higher than $72.4 million in Q2 2024 [7] - Backlog and deferred revenue as of the quarter end stood at $504.5 million [7] - Cash and cash equivalents at the end of Q2 2025 were $123.9 million, compared to $45.9 million in the prior year [7] - Harmonic repurchased approximately 1.6 million shares of common stock for $14.0 million [7] - The company commercially deployed its cOSTM solution with 136 customers, serving 35.3 million cable modems [7] Future Outlook - For Q3 2025, the company expects net revenue in the range of $120 million to $135 million, with gross margins projected at 52.5% to 53.8% [6] - The company anticipates that the ongoing development of Unified DOCSIS 4.0 will provide tailwinds for growth in 2026 [2][4]

Core Viewpoint - Harmonic is set to release its second quarter 2025 financial results on July 28, 2025, after market close, followed by a live webcast to discuss the results [1]. Group 1: Financial Results Announcement - The financial results for the second quarter of 2025 will be announced after market close on July 28, 2025 [1]. - A live webcast to discuss the results will take place at 2:00 p.m. PT on the same day [1]. Group 2: Participation Details - Telephone participants must register in advance to receive a confirmation email with details on joining the audio version of the webcast [2]. - The live webcast will be accessible via Harmonic's Investor Relations website [2]. - Participants are advised to join the conference call or sign on to the webcast at least 15 minutes prior to the start [2]. Group 3: Replay Information - A replay of the live event will be available on the Investor Relations website after 5:00 p.m. PT [3]. Group 4: Company Overview - Harmonic is a leader in virtualized broadband and video delivery solutions, enabling media companies and service providers to deliver high-quality video streaming and broadcast services globally [4]. - The company has innovated broadband networking with the first virtualized broadband solution, allowing flexible deployment of gigabit internet services [4]. - Harmonic's solutions facilitate the monetization of live and on-demand content across various screens [4].

Core Viewpoint - Harmonic Inc. has expanded its collaboration with Cignal TV to modernize its media workflows, enhancing video streaming and broadcast services through its VOS360 Media Software-as-a-Service platform [1][4]. Group 1: Collaboration and Technology - The partnership aims to modernize Cignal TV's channel origination, playout, and disaster recovery workflows, leveraging Harmonic's cloud-based VOS360 platform [1][2]. - The VOS360 platform integrates various media processing functions into a single cloud-native solution, simplifying video operations and reducing infrastructure costs for Cignal TV [2][4]. - The platform supports both linear TV channels and traditional broadcast services, providing advanced capabilities for live content distribution, which enhances operational flexibility and scalability for Cignal TV [2][3]. Group 2: Disaster Recovery and Service Reliability - A key feature of the VOS360 platform is its robust disaster recovery functionality, allowing Cignal TV to shift playout operations to the cloud during disruptions, ensuring uninterrupted service [3]. - The use of Secure Reliable Transport connections enables content delivery directly from the cloud to network sites without affecting viewer experience, ensuring stable service delivery [3]. Group 3: Financial Implications - The advancements from this collaboration are expected to generate incremental demand for Harmonic's solutions, leading to higher revenues and improved financial performance [5]. - Harmonic's stock has seen a decline of 19% over the past year, contrasting with the industry's growth of 34.4%, indicating potential for recovery with the new partnership [6].

Company Overview - Harmonic is a leader in virtualized broadband and video delivery solutions, enabling media companies and service providers to deliver ultra-high-quality video streaming and broadcast services globally [2] - The company has revolutionized broadband networking with the first virtualized broadband solution, allowing cable operators to deploy gigabit internet services more flexibly [2] - Harmonic's innovations include simplifying OTT video delivery through cloud and software platforms, and enhancing the monetization of live and on-demand content across various screens [2] Upcoming Events - Harmonic's President and CEO, Nimrod Ben-Natan, along with CFO Walter Jankovic, will host virtual investor meetings at the 20th Annual Needham Virtual Technology, Media & Consumer Conference on May 12, 2025, and at the Rosenblatt 5th Annual Virtual Technology Summit on June 10, 2025 [1]

Core Insights - Harmonic Inc. reported strong financial performance in Q1 2025, with revenue and profitability exceeding expectations, particularly in the Video segment [1][2] - The company generated robust cash flow, ending the quarter with a cash balance of $149 million, significantly higher than the previous year [1][6] - Harmonic's CEO expressed confidence in the company's strategy and long-term growth prospects despite potential macroeconomic uncertainties [2] Financial Highlights - Q1 2025 net revenue reached $222.2 million, up from $122.1 million in Q1 2024, marking a 82.2% increase [4][6] - Net income for Q1 2025 was $38.1 million, compared to a net loss of $8.1 million in the prior year [4][6] - Adjusted EBITDA for the quarter was $21.1 million, a significant increase from $4.1 million in Q1 2024 [4][6] Segment Performance - The Broadband segment generated revenue of $84.9 million, up from $78.9 million in the prior year, with a Non-GAAP gross margin of 55.5% compared to 47.5% [6][31] - The Video segment reported revenue of $48.3 million, an increase from $43.2 million in the previous year, with a Non-GAAP gross margin of 66.4% compared to 61.6% [6][31] Operational Developments - Harmonic successfully deployed its cOSTM solution with 129 customers, serving 33.9 million cable modems [6] - The company won seven new broadband customers, including two Tier 1 US customers and three fiber customers [6] - Major innovations in the Broadband segment are now in production, enhancing subscriber satisfaction and reducing operational costs [6] Market Position - Harmonic continues to expand its market share in both Broadband and Video sectors, driven by strong execution and a large backlog of orders [2][6] - The company highlighted its advancements in hybrid cloud and AI-powered solutions for broadcasters at the 2025 NAB Show [6]