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Sep 30, 2022
Harmonic Q3 2022 Earnings Report
Reported strong financial performance with revenue growth and solid operating profit.
Key Takeaways
Harmonic Inc. announced strong Q3 2022 results with a 23% year-over-year revenue increase, driven by Broadband and Video SaaS segments. Bookings grew by 50%, demonstrating strong business momentum.
Total revenue increased by 23% year over year, reaching a new September quarter record.
Broadband revenue grew by 60% year over year.
Video SaaS revenue increased by 64% year over year.
Quarterly bookings grew by 50%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Harmonic provided financial guidance for Q4 2022, including revenue, gross margin, and EPS estimates.
Positive Outlook
- Revenue is expected to be between $151 million and $165 million.
- Gross margin is projected to be between 51.1% and 52.4%.
- Operating expenses are estimated to be between $66 million and $68 million.
- Operating income is forecasted to be between $7 million and $13 million.
- EPS is expected to be between $0.06 and $0.11.
Challenges Ahead
- Stock-based compensation expense is expected to reduce net income.
- Tax effect of non-GAAP adjustments.
- Shares used in per share calculation: GAAP and Non-GAAP 113.5
- Components may not sum to total due to rounding.
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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