Harmonic reports record Q4 revenue $222.2M, up 33% YoY; announces $200M buyback

HARMONIC INC.

2024-FY EPS reported $0.33 revenue$678,722,000

Revenue $222.2M (record), up 33% YoY; Broadband $171M (+48% YoY), Video $51.1M (-2%).
GAAP EPS $0.32, non-GAAP EPS $0.45; Adjusted EBITDA record $71.8M vs $21.7M prior year.
Board authorized new $200M share repurchase program through Feb 2028, doubling prior authorization.
Management guides lower Broadband revenue in 2025 due to operator timing shifts; expects above-market growth resumption in 2026.
Deployed cOS with 127 customers serving 33.3M modems; engaged with 10 Tier 1 operators on Unified DOCSIS 4.0.

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