---
schema_version: "secwatch.filing_event.v1"
accession: "0000851310-24-000040"
form_type: "8-K"
ticker: "HLIT"
cik: "0000851310"
company_name: "HARMONIC INC."
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T06:02:58.120123+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Harmonic Q1 revenue down 23% YoY to $122.1M; Nimrod Ben-Natan to become CEO June 11, 2024

## Summary
- GAAP net loss of $8.1M ($0.07 loss per share) vs net income of $5.1M in Q1 2023.
- Non-GAAP net income of $0.4M ($0.00 per share) vs $14.3M ($0.12) in prior year.
- Broadband revenue $78.9M (-21% YoY); Video revenue $43.2M (-25% YoY).
- Record backlog and deferred revenue of $677.8M; full year Broadband revenue guidance reaffirmed.
- Nimrod Ben-Natan named CEO effective June 11, 2024, with $600K base salary and $5.5M RSU grant.

## SEC filing metadata
- accession: 0000851310-24-000040
- form_type: 8-K
- ticker: HLIT
- cik: 0000851310
- company_name: HARMONIC INC.
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/851310/000085131024000040/0000851310-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851310/000085131024000040/hlit-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000851310-24-000040
- JSON: https://secwatch.observer/filing/0000851310-24-000040.json
- Plain text: https://secwatch.observer/filing/0000851310-24-000040.txt

## Key facts
- Earnings Releases
  HARMONIC INC. reported first quarter of 2024 results: revenue $122.1 million, net income GAAP net loss $8.1 million and non-GAAP net income of $0.4 million, EPS GAAP net loss per share of $0.07 and non-GAAP net income per share of $0.00. Guidance reaffirmed.
  - Period: first quarter of 2024
  - Revenue: $122.1 million
  - Net income: GAAP net loss $8.1 million and non-GAAP net income of $0.4 million
  - EPS: GAAP net loss per share of $0.07 and non-GAAP net income per share of $0.00
  - Guidance: reaffirmed
  - Result: reported results
  source text: we are reaffirming our full year Broadband revenue guidance while increasing Video full year EBITDA guidance.” Q1 Financial and Business Highlights Financial • Revenue: $122.1 million, compared to $157.6 million in the prior year period ◦ Broadband segment revenue: $78.9 million, compared to $100.4 million in the prior year period ◦ Video segment revenue:
  evidence_url: https://www.sec.gov/Archives/edgar/data/851310/000085131024000040/0000851310-24-000040-index.htm
- Executive change
  Nimrod Ben-Natan was appointed as Chief Executive Officer at HARMONIC INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the previously announced appointment of Nimrod Ben-Natan as Chief Executive Officer (“CEO”) of Harmonic Inc. (the “Company”) to be effective as of June 11, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/851310/000085131024000040/0000851310-24-000040-index.htm
- Executive change
  Patrick Harshman changed role as Chief Executive Officer at HARMONIC INC..
  - Action: transitioned
  - Role: Chief Executive Officer
  source text: the Company entered into a consulting agreement with Mr. Harshman (the “Harshman Consulting Agreement”), effective June 11, 2024, and ending on the one-year anniversary thereof, subject to any extension by mutual agreement between the parties.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851310/000085131024000040/0000851310-24-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.