Harmonic Q4 GAAP loss $0.49/sh; Broadband bookings record, backlog up 73%

HARMONIC INC.

2025-FY EPS reported -$0.38 vs consensus $0.10 ▼ miss (-477.7%)

GAAP net loss per share $(0.49) for Q4, $(0.38) for FY2025; Non-GAAP EPS $0.14 and $0.47.
Broadband bookings $346.9M in Q4 drove 3.5 book-to-bill; backlog and deferred revenue $573.8M (+73% YoY).
Total Q4 revenue $157.3M (Broadband $98.2M); cash $124.1M; repurchased 1.3M shares for $13.3M.
Sale of Video business to MediaKind for $145M cash on track to close Q2 2026; Video exceeded expectations.

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