Harmonic Q2: Revenue $138.7M (down 11% YoY), GAAP net loss $12.5M; reaffirms FY guidance

HARMONIC INC.

2024-Q2 EPS reported -$0.18 revenue$260,800,000

Revenue of $138.7M, down 11% YoY but at high end of Q2 guidance; QoQ growth of 14%.
GAAP net loss $12.5M ($0.11 loss per share) vs $1.6M income ($0.01 EPS) YoY; non-GAAP net income $9.3M ($0.08 EPS).
Broadband revenue $92.9M (-4% YoY); Video revenue $45.8M (-22% YoY).
Non-GAAP adjusted EBITDA $16.1M vs $21.1M YoY; cash $45.9M vs $71.0M YoY.
Backlog and deferred revenue $613.1M (down QoQ); full-year Broadband and Video revenue guidance reaffirmed.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.