Harmonic Inc. Q1 Earnings Beat Raises Guidance

Harmonic Inc. posted Q1 adjusted EPS $0.17 beating consensus $0.10 and revenue $171.8 million vs $102.2 million estimate.
Broadband revenue surged 43% YoY to $121.7 million, with Rest‑of‑Market revenue up 78%, driving strong momentum.
Full‑year 2026 guidance raised to $475‑$495 million revenue and $0.57‑$0.67 EPS; Q2 outlook $115‑$125 million revenue, $0.15‑$0.19 EPS.
Company repurchased ~4.2 million shares for $43 million and will sell Video business to MediaKind for $145 million in Q2.