Harmonic reported Q4 FY2025 results, with total company net revenue of USD 157.3 million and a GAAP net loss per share of USD 0.49, which included a USD 57.5 million goodwill impairment on the Video business. On a non-GAAP basis, net income per share was USD 0.14 in Q4 and USD 0.47 for FY2025. For continuing operations (Broadband), Q4 net revenue was USD 98.2 million and FY net revenue was USD 360.5 million. Broadband GAAP net income was USD 0.2 million in Q4 and USD 1.2 million in FY2025, while non-GAAP net income was USD 7.2 million in Q4 and USD 26.4 million in FY2025; non-GAAP adjusted EBITDA was USD 12.1 million in Q4 and USD 47.3 million in FY2025. Q4 Broadband bookings were USD 346.9 million, driving a 3.5 book-to-bill ratio, and backlog and deferred revenue ended the year at USD 573.8 million (+73% YoY), including a current portion of USD 307 million (+110% YoY). Cash and cash equivalents were USD 124.1 million at year-end, and the company repurchased about 1.3 million shares for USD 13.3 million in Q4. Harmonic said its cOS solution was commercially deployed with 146 customers serving 41.3 million cable modems, cited record Rest-of-World bookings and Q4 fiber revenue growth (including with iZZi in Mexico), and noted several multi-year contract signings. The company also said the previously announced sale of its Video business to Leone Media (MediaKind) for USD 145 million in cash remains on track to close in Q2 2026 (first half of 2026), subject to customary closing conditions including completion of consultation with the French employee works council. For continuing operations, Harmonic guided Q1 2026 net revenue of USD 100 million to USD 105 million and FY2026 net revenue of USD 440 million to USD 480 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Harmonic Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202602191605PR_NEWS_USPR_____SF91223) on February 19, 2026, and is solely responsible for the information contained therein.