HARMONIC INC. — Form 8-K
Filed November 2, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Harmonic reported Q3 2026 revenue of $148.8M (64% YoY growth), significantly exceeding guidance. Rest-of-Market revenue more than doubled, reaching 46% of total (vs. 38% prior year), reflecting customer diversification. The company raised full-year 2026 revenue guidance to $545M–$555M (from prior implied ~$530M), with backlog/deferred revenue of $534M (+58% YoY). Key developments: divestiture of Video business to MediaKind completed June 2026 for $137.9M net proceeds; acquired vendor-agnostic fiber management platform; deployed cOS with 167 customers (52.6M CPE devices). Diluted EPS guidance for FY2026: $0.54–$0.57 GAAP, $0.80–$0.84 non-GAAP.
Why this rating
64% revenue acceleration and material guidance raise (≈3% mid-point increase) drive strong topline momentum. Customer diversification and new product adoption reduce concentration risk. Event scales significantly relative to $655M market cap but execution risk remains on profitability expansion.
Price action (we called it positive)
before filing · preread $12.40 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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