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Dec 31, 2022
Harmonic Q4 2022 Earnings Report
Harmonic reported record quarterly revenue and solid gross margins and operating profit in both Broadband and Video segments.
Key Takeaways
Harmonic announced strong Q4 2022 results, with record quarterly revenue of $164.3 million, driven by Broadband segment revenue growth of 38% and Video SaaS revenue growth of 51%. The company's gross margins and operating profit in both Broadband and Video segments were solid.
Harmonic delivered a strong finish to the year, including record quarterly revenue.
Broadband segment revenue increased by 38%.
Video SaaS revenue increased by 51%.
Demand and competitive differentiation remains strong for both the Broadband and Video SaaS solutions.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Harmonic provided financial guidance for Q1 2023 and full year 2023.
Positive Outlook
- Q1 2023 revenue is expected to be between $152 million and $162 million.
- 2023 revenue is expected to be between $695 million and $735 million.
- Q1 2023 gross margin is expected to be between 49.0% and 50.1%.
- 2023 gross margin is expected to be between 49.5% and 51.0%.
- Q1 2023 EPS is expected to be between $0.01 and $0.04.
Challenges Ahead
- Q1 2023 operating expenses are expected to be between $72 million and $74 million.
- 2023 operating expenses are expected to be between $287 million and $294 million.
- Q1 2023 operating income is expected to be between $1 million and $5 million.
- 2023 operating income is expected to be between $44 million and $63 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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