Harmonic Q4 revenue beats estimates on strong bookings

Harmonic

19/02/2026 21:24

Overview

Virtualized broadband solutions provider's Q4 revenue beat analyst expectations, driven by strong bookings

Adjusted EPS for Q4 beat analyst expectations

Company's Video business sale on track to close in Q2 2026

Outlook

Harmonic expects Q1 2026 revenue between $100 mln and $105 mln

Company forecasts 2026 revenue between $440 mln and $480 mln

Harmonic anticipates strong Broadband revenue growth in 2026

Result Drivers

RECORD BROADBAND BOOKINGS - Harmonic reported record Broadband bookings in Q4, resulting in a 3.5 book-to-bill ratio and a substantial increase in backlog, improving 2026 visibility

VIDEO BUSINESS EXCEEDS EXPECTATIONS - The Video business, presented as discontinued operations, exceeded both revenue and profitability expectations for the quarter

REST-OF-WORLD GROWTH - Harmonic achieved record Rest-of-World bookings in Q4, expected to drive continued revenue growth in 2026

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$157.30 mln
$141.33 mln (7 Analysts)
Q4 Adjusted EPS
Beat
$0.14
$0.10 (6 Analysts)
Q4 EPS
-$0.49
Q4 Adjusted Net Income From Contops
Miss
$7.20 mln
$11.46 mln (5 Analysts)
Q4 Net Income From Contops
$200,000


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 is $11.00, about 4.2% above its February 18 closing price of $10.56

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nPn1Jg2jJa

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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.)