Overview

* Harmonic Q2 2025 revenue of $138 mln beats analyst expectations, per LSEG data

* Adjusted EPS for Q2 2025 exceeds estimates at $0.09, per LSEG data

* Co's Video segment revenue grows, contributing to overall positive results

Outlook

* Harmonic expects Q3 2025 revenue between $120 mln and $135 mln

* Company anticipates Q3 2025 gross margin of 52.5% to 53.8%

* Harmonic sees moderate Broadband upgrade activity in 2025

* Company expects Unified DOCSIS 4.0 to drive growth in 2026

Result Drivers

* VIDEO SEGMENT GROWTH - Video segment revenue increased to $51.1 mln from $45.8 mln year-ago, contributing to overall positive results

* BROADBAND CHALLENGES - Broadband segment revenue declined to $86.9 mln from $92.9 mln year-ago, but co sees positive indicators for future growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $138 mln $127.60

Revenue mln (7

Analysts

)

Q2 Beat $0.09 $0.03 (6

Adjusted Analysts

EPS )

Q2 EPS $0.03

Q2 Beat $10.30 $2.40

Adjusted mln mln (5

Net Analysts

Income )

Q2 Net $2.90

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the communications & networking peer group is "buy."

* Wall Street's median 12-month price target for Harmonic Inc ( HLIT ) is $11.00, about 18.2% above its July 25 closing price of $9.00

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)