05:31 PM EDT, 07/28/2025 (MT Newswires) -- Harmonic (HLIT) reported Q2 non-GAAP earnings late Monday of $0.09 per share, up from $0.08 a year earlier.

Analysts polled by FactSet expected $0.02.

Net revenue for the quarter ended June 27 was $138 million, down from $138.7 million a year earlier. Analysts surveyed by FactSet expected $127.7 million.

For Q3, the company expects non-GAAP EPS of $0.02 to $0.07 on revenue between $120 million to $135 million. Analysts expect $0.12 on revenue of $151.2 million.

Shares of the company fell 12% in recent after-hours activity.