Harmonic (HLIT) Q2 2026: Broadband Growth After the Video Divestiture
A filing-based review of Harmonic's Q2 broadband growth, Video divestiture, backlog, cash, and updated outlook.
signal:HLIT:2026-08-13 origin: sec:0001193125-26-346853 Harmonic (HLIT) Q2 2026: Broadband Growth After the Video Divestiture
Harmonic’s Q2 2026 continuing Broadband business generated $133.5 million of revenue, up 53.6% from $86.9 million a year earlier. GAAP operating profit for the segment was $23.6 million versus a $0.8 million loss, while GAAP earnings per share from continuing operations improved to $0.16 from a $0.01 loss.
A cleaner but changed business
Harmonic completed the sale of its Video business on June 16, 2026. Closing proceeds were $137.9 million, subject to final adjustments, and quarter-end cash rose to $231.9 million. Because Video is presented as discontinued operations, total-company figures and continuing Broadband figures should not be mixed when comparing periods.
| Broadband metric | Q2 2025 | Q2 2026 |
|---|---|---|
| Revenue | $86.9 million | $133.5 million |
| GAAP operating profit (loss) | -$0.8 million | $23.6 million |
| GAAP EPS | -$0.01 | $0.16 |
| Backlog and deferred revenue | $344.2 million | $587.6 million |
Management raised its 2026 Broadband revenue outlook to $505–$525 million. This remains forward-looking, and the filing notes that Q2 continuing results included about $2.3 million of stranded Video costs.
What to verify next
The next report should test whether customer diversification and Rest-of-Market bookings translate into revenue, whether the backlog converts on schedule, and how quickly stranded divestiture costs disappear.
The earlier automated article’s third-party consensus, volume spike, leverage ratio, valuation multiple, macro overlay, and mechanical trade levels were removed.
Sources
This article is informational and is not investment advice.