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Dec 31, 2021
Harmonic Q4 2021 Earnings Report
Harmonic's Q4 2021 results were exceptional, with record revenue and bookings, driven by strong sales growth in the Cable Access segment and solid operating profit in the transforming Video segment.
Key Takeaways
Harmonic Inc. reported record quarterly revenue, up 18% year over year, and backlog and deferred revenue, up 52% year over year. The company ended the year with record backlog and deferred revenue and expanding customer relationships, providing a strong foundation for sustained momentum as they enter 2022.
Revenue was $155.8 million, up 18% year over year.
Cable Access segment revenue was $69.7 million, up 53% year over year.
Video segment revenue was $86.1 million, flat year over year.
GAAP net income per share was $0.18 and non-GAAP net income per share was $0.16, compared to GAAP net income per share of $0.13 and non-GAAP net income per share of $0.20 in the year ago period.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Harmonic provided financial guidance for Q1 2022 and full year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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