Harmonic (HLIT) shares are soaring 7.50% in pre-market trading on Tuesday following the company's impressive third-quarter 2025 results and a series of analyst upgrades. The video delivery technology company reported better-than-expected earnings and revenue, showcasing strong performance across its broadband and video segments.

Harmonic announced total revenue of $142.4 million for Q3 2025, surpassing analyst expectations. The company's broadband segment delivered $90.5 million in revenue with a gross margin of 47.3%, while the video segment contributed $51.9 million, marking a 2.9% year-over-year increase. Non-GAAP earnings per share came in at $0.12, demonstrating the company's ability to maintain profitability amid challenging market conditions.

Adding to the positive momentum, Harmonic revealed an expanded partnership with Charter to extend its CableOS virtualized broadband platform and advanced operational tools across Charter's entire footprint. This expansion, which includes the deployment of DOCSIS 4.0 unified RPDs, reinforces Harmonic's leadership in virtualized broadband solutions and its ability to scale next-generation architectures for major operators.

The strong results and strategic partnership announcement have prompted several analysts to raise their price targets for Harmonic. Notably, Jefferies increased its target from $8 to $10, while Needham raised its target from $12 to $15. These upgrades reflect growing confidence in Harmonic's future prospects and its positioning in the evolving broadband and video delivery markets.