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Jul 02, 2021
Harmonic Q2 2021 Earnings Report
Reported strong results driven by robust demand in both Video and Cable Access segments.
Key Takeaways
Harmonic Inc. announced strong Q2 2021 results with revenue up 53% year over year, driven by robust demand in both Video and Cable Access segments. The book-to-bill ratio was 1.6, leading to record backlog and deferred revenue.
Revenue was $113.4 million, up 53% year over year.
Cable Access segment revenue was $50.1 million, up 89% year over year.
Video segment revenue was $63.3 million, up 34% year over year.
Record backlog and deferred revenue, up 65% year over year.
Revenue by Geographic Location
Forward Guidance
Harmonic provided GAAP financial guidance for Q3 2021 and Q4 2021.
Positive Outlook
- Q3 2021 Net revenue is expected to be between $112.0 million and $122.0 million.
- Q3 2021 Gross margin % is expected to be between 49.4% and 50.1%.
- Q4 2021 Net revenue is expected to be between $133.0 million and $148.0 million.
- Q4 2021 Gross margin % is expected to be between 50.2% and 51.0%.
- 2021 Net revenue is expected to be between $470.0 million and $495.0 million.
Challenges Ahead
- Q3 2021 Operating income (loss) is expected to be between $(3.8) million and $0.5 million.
- Q3 2021 EPS is expected to be between $(0.07) and $(0.03).
- Q4 2021 Operating income (loss) is expected to be between $7.1 million and $13.8 million.
- Q4 2021 EPS is expected to be between $0.03 and $0.09.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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