Loading...
•
Oct 01, 2021
Harmonic Q3 2021 Earnings Report
Harmonic's revenue increased, driven by growth in both Cable Access and Video segments.
Key Takeaways
Harmonic Inc. reported a strong third quarter in 2021, with a 33% year-over-year increase in total revenue. Both the Cable Access and Video segments contributed to this growth, with revenue increases of 43% and 26% respectively. The company also saw solid operating profit and an improved cash position.
Total revenue increased by 33% year over year.
Cable Access segment revenue grew by 43% year over year.
Video segment revenue increased by 26% year over year.
GAAP operating income was $5.4 million, compared to a GAAP operating loss of $1.6 million in the year ago period.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Harmonic provided financial guidance for Q4 2021, with expected GAAP net revenue between $147.0 million and $157.0 million and GAAP diluted EPS between $0.03 and $0.07.
Positive Outlook
- Net revenue between $147.0 million and $157.0 million
- Gross margin between 47.3% and 48.6%
- Operating income between $7.3 million and $12.1 million
- EPS between $0.03 and $0.07
- Cash between $125.0 million and $135.0 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...