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Harmonic Inc. (HLIT)
NASDAQ:HLIT
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.37Last Year’s EPS
$0.13Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: -10.66%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected strong performance in Q3 with record results in both Broadband and Video segments. However, the potential delay in customer deployments due to Unified DOCSIS 4.0 and ecosystem challenges introduces uncertainty for 2025. Despite these challenges, the company remains optimistic about long-term growth opportunities.Company Guidance
In the third quarter of 2024, Harmonic Inc. reported record financial results, surpassing guidance with total revenue reaching $195.8 million, a 54% increase year-over-year, driven by significant growth in both the Broadband and Video segments. Broadband revenue hit $145.3 million, marking a 92% year-over-year increase, while Video revenue was $50.4 million, with SaaS streaming contributing $14.2 million. The company achieved an adjusted EBITDA of $43.4 million and EPS of $0.26, exceeding expectations. The company reaffirmed its full-year 2024 Broadband revenue guidance, raising EBITDA guidance, and reported a book-to-bill ratio of 0.9. However, due to ecosystem challenges and the transition to Unified DOCSIS 4.0 technology, there could be short-term deployment delays impacting 2025 Broadband revenue growth forecasts. Despite these potential delays, Harmonic remains confident in its long-term market leadership and growth potential, with a backlog and deferred revenue totaling $584.7 million, indicating strong demand going forward.Record Q3 Results
Harmonic reported record Q3 results with total revenue of $195.8 million, a 54% increase year-over-year, and adjusted EBITDA that exceeded guidance. Broadband and Video segment revenues exceeded expectations.
Broadband Segment Growth
Broadband segment revenue was $145.3 million, representing year-over-year and sequential increases of 92% and 56%, respectively. The Broadband segment saw significant new customer acquisition with 7 new customers.
Video Segment Profitability
The Video segment returned to profitability with a greater than 10% adjusted EBITDA margin, driven by strong execution of rightsizing actions and revenue execution.
Unified DOCSIS 4.0 Technology
The company announced Unified DOCSIS 4.0 technology, which is now available to all cable broadband providers, expected to be a significant positive catalyst for the industry and Harmonic's business.
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HLIT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HLIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $14.82 | $11.10 | -25.10% |
| Jul 29, 2024 | $11.75 | $14.24 | +21.19% |
| Apr 29, 2024 | $9.40 | $10.74 | +14.26% |
| Jan 29, 2024 | $11.64 | $11.85 | +1.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Harmonic Inc. (HLIT) report earnings?
Harmonic Inc. (HLIT) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Harmonic Inc. (HLIT) earnings time?
Harmonic Inc. (HLIT) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HLIT EPS forecast?
HLIT EPS forecast for the fiscal quarter 2024 (Q4) is $0.37.
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