Loading...
•
Jul 01, 2022
Harmonic Q2 2022 Earnings Report
Harmonic's Q2 2022 results were announced, showing record total revenue up 39% year over year.
Key Takeaways
Harmonic reported a record quarter with 39% year-over-year revenue growth and over 15% adjusted EBITDA margin. Cable Access business grew 62% and Video SaaS revenue grew 69% year over year.
Total revenue was up 39% year over year.
Cable Access revenue was up 62% year over year.
Video SaaS revenue was up 69% year over year.
Backlog and deferred revenue near record levels.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Harmonic provided financial guidance for Q3 2022 and full year 2022.
Positive Outlook
- Q3 2022 revenue is expected to be between $147 million and $157 million.
- Q3 2022 gross margin is expected to be between 48.3% and 49.9%.
- Q3 2022 EPS is expected to be between $0.02 and $0.05.
- Full year 2022 revenue is expected to be between $607 million and $627 million.
- Full year 2022 EPS is expected to be between $0.19 and $0.25.
Challenges Ahead
- Q3 2022 operating expenses are expected to be between $66 million and $69 million.
- Q3 2022 tax rate is expected to be 33.0%.
- Q3 2022 cash is expected to be between $110 million and $120 million.
- Full year 2022 operating expenses are expected to be between $264 million and $273 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...