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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 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.
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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