Harmonic reports Q1 non-GAAP EPS 11c, consensus 5c

Reports Q1 revenue $133.1M, consensus $127.51M. “Our Q1 results reflect strong execution as we exceeded expectations for Video revenue as well as gross margin and Adjusted EBITDA in both of our businesses,” said CEO Nimrod Ben-Natan. “We continue to drive key wins in our Broadband business and expand market share in Video while we prioritize cost management due to a fluid macroeconomic backdrop. While there are future uncertainties from the potential impact of tariff policies, to date we have not seen any change in our customers’ behavior. Considering our strong business execution, large backlog, and cumulative customer wins and market share, we remain confident in our strategy and long-term growth prospects.”