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Harmonic Inc. (HLIT)
NASDAQ:HLIT
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -7.28%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
Harmonic reported strong financial results for 2024 with record revenues and strategic partnerships. However, they face significant challenges in 2025 due to industry-wide transitions to Unified DOCSIS 4.0, resulting in anticipated revenue declines and operational hurdles, although the long-term outlook remains positive.Company Guidance
During the Harmonic earnings call for the fourth quarter and full year 2024, the company provided guidance that highlighted various financial metrics and strategic plans. The company reported record revenue for 2024, with Broadband revenue reaching $171 million and Video revenue at $51.1 million. The adjusted EBITDA for Broadband was $64.1 million, while Video achieved $7.8 million. Harmonic anticipates 2025 will be a below-trend year for broadband revenue due to the transition to Unified DOCSIS 4.0, but they expect a return to above-trend growth in 2026. The company announced a new $200 million three-year share repurchase program, reflecting confidence in their long-term outlook. In terms of guidance, Harmonic expects broadband revenue between $400 million to $450 million for 2025, with gross margins between 51% to 54%. For Video, the revenue is projected to be between $185 million to $195 million, with gross margins between 63% to 65%. The company remains focused on customer diversification, technology leadership, fiber growth, and cloud services to drive future growth.Record-Breaking Revenue and Growth
Harmonic reported record quarterly total company revenue of $222.2 million, a 33% increase year-over-year, and achieved all-time high adjusted EBITDA and EPS, with EPS increasing by 246% to $0.45.
Strong Broadband Segment Performance
Broadband revenue reached a record $171 million with an EBITDA of $64.1 million. The segment showed strong growth, particularly in DOCSIS 4.0 and Fiber deployments.
Video Streaming SaaS Growth
Harmonic's Video Streaming SaaS segment saw a 15% year-over-year revenue increase, reaching $15.1 million in Q4 2024, buoyed by a new partnership with Akamai.
Expansion in Rest of World Market
Revenue growth in the broadband rest of world customer base exceeded 50% compared to the prior quarter, with the addition of five new customers.
New $200 Million Share Repurchase Program
Harmonic announced a three-year $200 million share repurchase program, doubling the previous program, indicating confidence in the 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 |
|---|---|---|---|
| Feb 10, 2025 | $11.12 | $9.42 | -15.29% |
| 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% |
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 May 05, 2025, TBA Not Confirmed.
What is Harmonic Inc. (HLIT) earnings time?
Harmonic Inc. (HLIT) earnings time is at May 05, 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 2025 (Q1) is 0.05.
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