secwatch.observer — SEC 8-K summary
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Issuer:     HARMONIC INC. (HLIT)
CIK:        0000851310
Form:       8-K
Filed at:   2026-05-11T20:10:39+00:00
Accession:  0001193125-26-216776
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harmonic Q1 Broadband revenue up 43% YoY to $121.7M; raises FY 2026 outlook to $475-495M
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- GAAP EPS $0.07, non-GAAP EPS $0.21; total revenue $171.8M.
- Broadband segment revenue $121.7M (+43% YoY); operating profit $20.4M GAAP, $26.0M non-GAAP.
- Backlog/deferred rev $582.1M (+87% YoY); repurchased 4.2M shares for $43M in Q1.
- Raised FY 2026 broadband revenue guidance to $475M-$495M; sale of Video business on track for Q2 close.
- Comp committee approved incentive for SVP Haltmayer: accelerated RSU vesting and $835K cash bonus upon Video sale close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851310/000119312526216776/0001193125-26-216776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851310/000119312526216776/hlit-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-216776

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer