Overview

* Harmonic Q3 2025 revenue of $142.4 mln beats analyst expectations

* Adjusted EPS for Q3 2025 beats consensus, driven by SaaS growth in Video segment

* Company repurchased 1.8 mln shares for $15.7 mln

Outlook

* Harmonic expects Q4 2025 revenue between $133 mln and $147 mln

* Company anticipates Broadband revenue growth to increase in 2026

* Harmonic sees Q4 2025 gross margin between 54.5% and 56.0%

Result Drivers

* BROADBAND MOMENTUM - Stronger momentum in Broadband driven by early realization of customer orders, according to CEO Nimrod Ben-Natan

* VIDEO SAAS GROWTH - Video segment growth led by SaaS, with record revenue in sports streaming

* FUTURE BROADBAND GROWTH - Anticipated Broadband revenue growth in 2026 due to Unified DOCSIS 4.0 readiness and large customer deployment plans

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $142.40 $128.70

Revenue mln mln (6

Analysts

)

Q3 Beat $0.12 $0.05 (6

Adjusted Analysts

EPS )

Q3 EPS $0.02

Q3 Beat $14.10 $5.15

Adjusted mln mln (5

Net Analysts

Income )

Q3 Net $2.70

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 $12.00, about 10.8% above its October 31 closing price of $10.70

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(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.)