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Dec 31, 2020
Harmonic Q4 2020 Earnings Report
Harmonic's Q4 2020 results reflected the competitive advantages and complementary strengths of its Cable Access and Video segments.
Key Takeaways
Harmonic Inc. reported Q4 2020 revenue of $131.5 million, up 7.7% year over year. GAAP net income was $13.5 million, or $0.13 per share, and non-GAAP net income was $20.0 million, or $0.20 per share. Bookings were up 105% quarter over quarter.
Revenue was up 7.7% year over year.
Bookings were up 105% quarter over quarter
Cable Access segment revenue was up 5.8% year over year.
Video segment revenue was up 8.7% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Harmonic provided GAAP financial guidance for Q1 2021 with net revenue between $97.0 million and $107.0 million and EPS between $(0.12) and $(0.07). They also provided 2021 full year guidance with net revenue between $430.0 million and $465.0 million and EPS between $(0.26) and $(0.02).
Positive Outlook
- Q1 2021 Net revenue is expected to be between $97.0 million and $107.0 million
- Q1 2021 Video revenue is expected to be between $61.0 million and $66.0 million
- Q1 2021 Cable Access revenue is expected to be between $36.0 million and $41.0 million
- 2021 Net revenue is expected to be between $430.0 million and $465.0 million
- 2021 Video revenue is expected to be between $260.0 million and $275.0 million
Challenges Ahead
- Q1 2021 Operating income (loss) is expected to be between $(9.0) million and $(4.0) million
- Q1 2021 EPS is expected to be between $(0.12) and $(0.07)
- Q1 2021 Cash is expected to be between $85.0 million and $95.0 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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