secwatch.observer — SEC 8-K summary
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Issuer:     HARMONIC INC. (HLIT)
CIK:        0000851310
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0000851310-23-000065
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harmonic Q2 revenue $156M (-1% YoY); EPS $0.01 GAAP, $0.12 non-GAAP; backlog record $663.8M
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- Revenue $156M (-1% YoY); Broadband up 20% to $97.1M; Video down to $58.9M from $76.2M.
- GAAP net income $1.6M ($0.01 EPS); non-GAAP $14.0M ($0.12 EPS); down from $14.8M ($0.14) and $17.6M ($0.16) YoY.
- Adjusted EBITDA $21.1M vs $24.3M YoY; backlog surged to record $663.8M (YoY $477.8M).
- Video SaaS revenue grew 58% YoY; CableOS deployed with 98 customers covering 21M modems.
- Cites hardware sales delays as headwind; offset by largest-ever backlog and new Tier 1 customer wins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851310/000085131023000065/0000851310-23-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851310/000085131023000065/hlit-20230731.htm
  HTML page:      https://secwatch.observer/filing/0000851310-23-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer