Harmonic Inc. — Third Quarter 2026 Earnings Summary

Harmonic Inc. reported third-quarter 2026 net revenue of $148.8 million, representing a 64% year-over-year increase driven primarily by Rest-of-Market growth which now accounts for 46% of total revenue. The company raised its full-year 2026 revenue outlook to a range of $545 million to $555 million and reported a backlog and deferred revenue of $534.0 million, an increase of 58% from the prior year. Strategic initiatives included the commercial deployment of the cOS solution with 167 customers, the launch of the cOS SensAI recurring revenue service, and the unveiling of the Recon fiber intelligence platform. Additionally, Harmonic completed the divestiture of its Video Business to MediaKind in June 2026, transitioning the company to a pure-play broadband operator with a single reportable segment.