Harmonic reports record Q3 revenue of $195.8M, up 54% YoY; GAAP EPS $0.19

HARMONIC INC.

2024-Q3 EPS reported $0.01 revenue$456,556,000

Revenue $195.8M (+54% YoY); broadband segment $145.3M (+92% YoY); video $50.4M (-2% YoY but profitable).
GAAP net income $21.7M vs loss of $6.5M YoY; GAAP diluted EPS $0.19 vs -$0.06.
Non-GAAP net income $29.9M ($0.26 EPS) vs $0.0M ($0.00 EPS) YoY; adjusted EBITDA $43.4M vs $3.5M.
Backlog and deferred revenue $584.7M; cash $58.2M; cOS deployed with 121 customers covering 32M modems.
Comcast and Harmonic demonstrated first Unified DOCSIS 4.0 and fiber solution; 7 new broadband customers added.

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