Harmonic ( (HLIT) ) has released its Q1 earnings. Here is a breakdown of the information Harmonic presented to its investors.
Harmonic Inc., a leader in virtualized broadband and video delivery solutions, provides media companies and service providers with high-quality video streaming and broadcast services globally. In its first quarter of 2025, Harmonic reported impressive financial results, surpassing expectations in both its Broadband and Video segments. The company achieved a revenue of $133.1 million, an increase from $122.1 million in the same period last year, with significant improvements in gross margins and profitability.
Key highlights from the quarter include a robust cash flow, ending with a cash balance of $149 million, and a notable increase in net income, reaching $5.9 million GAAP and $13.4 million Non-GAAP. The Broadband segment saw revenue rise to $84.9 million, while the Video segment increased to $48.3 million. The company also successfully deployed its cOS solution with 129 customers and introduced major innovations in its Broadband services.
Harmonic’s strategic focus on expanding market share and managing costs amid a challenging macroeconomic environment has proven effective. The company repurchased 3.5 million shares of common stock and continues to innovate with AI-powered solutions for broadcasters and service providers.
Looking ahead, Harmonic remains confident in its long-term growth prospects, supported by a strong backlog and continued customer wins. Despite potential uncertainties such as tariff impacts, the company is optimistic about maintaining its strategic momentum and delivering value to its stakeholders.