Harmonic Q2 broadband revenue +54% YoY; raises FY outlook; Video divestiture done

HARMONIC INC.

Q2 total net revenue $173.0M; GAAP EPS -$0.02, non-GAAP EPS $0.24.
Broadband segment revenue $133.5M, up 54% YoY; non-GAAP op profit $31.3M.
Company raises full-year Broadband revenue outlook to $505M-$525M.
Backlog and deferred revenue $587.6M, up 71% YoY; cash $231.9M post-Video sale.
Sale of Video business to MediaKind closed June 16, 2026 for $145M cash.

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