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Sep 25, 2020
Harmonic Q3 2020 Earnings Report
Harmonic's Q3 2020 earnings were driven by strong performance in both Cable Access and Video segments.
Key Takeaways
Harmonic's Q3 2020 results showed a revenue of $94.9 million. The Cable Access segment delivered solid sequential revenue growth and operating margin, while the Video segment revenue rebounded strongly quarter over quarter.
Revenue was $94.9 million, down 18.0% year over year.
SaaS and service revenue was $31.6 million, down 3.1% year over year.
Cable Access segment revenue was $40.3 million, down 27.7% year over year.
Video segment revenue was $54.6 million, down 9% year over year.
Revenue by Geographic Location
Forward Guidance
Harmonic provided financial guidance for Q4 2020 and full year 2020, including GAAP and non-GAAP revenue, gross margin, operating expenses, operating income, tax expense, EPS, and cash.
Positive Outlook
- Net Revenue between $120.0 to $130.0 million
- Video Revenue between $80.0 to $85.0 million
- Cable Access Revenue between $40.0 to $45.0 million
- Gross Margin between 50.0% to 54.0%
- Cash between $80.0 to $90.0 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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