Harmonic posts 64% revenue jump, raises FY 2026 outlook and completes video business sale
+1 new source since this summary was written
Harmonic Inc. reported third‑quarter 2026 revenue of $148.8 million, a 64% year‑over‑year increase, with Rest‑of‑Market sales climbing to 46% of total. The company lifted its full‑year 2026 revenue guidance to a range of $545 million‑$555 million. It also closed the sale of its Video business to MediaKind, receiving $137.9 million in cash. CEO Nimrod Ben‑Natan highlighted new product launches and a shift to a pure‑play broadband model.
Why it matters
The raised revenue outlook signals higher top‑line growth expectations for the year, which may support the stock’s valuation. The $137.9 million proceeds from the Video business disposition improve cash resources and simplify the company’s focus on broadband.
Key facts
- 1Q3 2026 revenue was $148.8 million, up 64% YoY. prnewswire.com
- 2Rest‑of‑Market revenue represented 46% of total and more than doubled YoY. prnewswire.com
- 3Full‑year 2026 revenue outlook was raised to $545 million‑$555 million. prnewswire.com
- 4The Video business sale closed on June 16 2026, with proceeds of $137.9 million. prnewswire.com
- 5Backlog and deferred revenue increased 58% YoY to $534.0 million. prnewswire.com
- 6Cash and cash equivalents were $142.8 million at October 2 2026. prnewswire.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.