Every 8-K that Harmonic Inc (HLIT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HLIT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HLIT filings page.
Harmonic Inc. reported strong broadband-focused results for the quarter ended July 3, 2026 and completed the sale of its Video business, becoming a pure-play broadband company. Broadband continuing-operations net revenue was $133.5 million, with broadband revenue growth of 54% year over year, including 44% growth in Rest-of-Market. GAAP operating profit from broadband was $23.6 million, and GAAP net income from continuing operations was $17.1 million, or $0.16 per diluted share; total company GAAP net loss of $2.3 million reflected a $19.4 million loss from discontinued Video operations.
Backlog and deferred revenue reached $587.6 million, up from $344.2 million a year earlier, and cash and cash equivalents increased to $231.9 million from $124.1 million at December 31, 2025, aided by $137.9 million of cash proceeds from the Video divestiture. Non-GAAP net income from continuing operations was $22.9 million, or $0.21 per diluted share.
The company raised its 2026 broadband outlook, guiding GAAP net revenue to $505–$525 million and Non-GAAP net income per share to $0.67–$0.75. Q3 2026 broadband revenue is guided to $125–$135 million, with Non-GAAP EPS of $0.15–$0.19.
Harmonic Inc. has completed the previously announced sale of its Video Business to MediaKind for $145 million in cash, subject to customary post-closing adjustments under a March 20, 2026 Asset Purchase Agreement. The agreement includes standard representations, warranties, indemnities and a three-year non-compete by Harmonic relating to the Video Business.
With this divestiture, Harmonic positions itself as a pure-play broadband company focused on its virtualized broadband segment and cites a stronger balance sheet and more capital for innovation and growth initiatives. In connection with the closing, Senior Vice President and General Manager, Video Business, Neven Haltmayer retired after 20 years with the company. Harmonic also plans an Investor Day in New York City on September 15, 2026 to discuss its technologies and growth outlook.
Harmonic Inc. has provided an update on its previously announced plan to sell its Video Business to Leone Media Inc. (doing business as MediaKind). The deal is structured under an Asset Purchase Agreement with a purchase price of $145 million in cash, subject to customary adjustments. The company states that the transaction remains on track to close in the second quarter of 2026, pending satisfaction of the remaining customary closing conditions under the agreement.
Harmonic Inc. reported that all proposals at its 2026 Annual Meeting of Stockholders were approved. Seven directors were elected, each receiving over 79 million votes in favor with substantial broker non-votes reported separately.
Stockholders approved, on an advisory basis, the compensation of named executive officers and chose to hold future advisory votes on this compensation every one year. They also approved an amendment to the 2025 Equity Incentive Plan to increase the shares of common stock reserved for issuance by 3,000,000 shares. In addition, stockholders ratified Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.
Harmonic Inc. reported a strong first quarter of 2026 from its Broadband business and raised its full-year outlook. Broadband net revenue from continuing operations reached $121.7 million, with broadband revenue described as up 43% year over year and Rest-of-Market revenue up 78%. GAAP net income per diluted share from continuing operations was $0.10, and Non-GAAP net income per diluted share was $0.21. Backlog and deferred revenue rose to $582.1 million, an 87% increase compared to $311.7 million last year, while cash ended the quarter at $109.0 million.
The company repurchased about 4.2 million shares for $43.0 million and now expects full-year 2026 Broadband GAAP revenue between $475 million and $495 million, with GAAP EPS of $0.36–$0.45 and Non-GAAP EPS of $0.57–$0.67. Harmonic is selling its Video business to Leone Media Inc. for $145 million in cash, with closing expected in the second quarter of 2026, subject to conditions. In connection with this sale, Harmonic approved a new incentive plan for its Video Business leader, including accelerated vesting of certain restricted stock units and a potential $835,000 cash bonus upon successful completion of the transaction.
Harmonic Inc. disclosed that Dan Whalen resigned from its Board of Directors effective March 31, 2026. He stepped down due to potential conflicts of interest arising from a new role at another company. The company states his resignation did not result from any disagreement over its operations, policies, or practices.
Whalen had served on the Board since 2024, after an earlier term from 2021 to 2023, and sat on both the Audit Committee and Compensation Committee. Harmonic publicly thanked him for his years of service and contributions.
Harmonic Inc. has signed an Asset Purchase Agreement to sell its Video Business to Leone Media Inc. (MediaKind) for $145 million in cash. The deal follows Harmonic’s exercise of a previously negotiated put option after completing the required French employee works council consultation.
The agreement includes customary regulatory and other closing conditions, mutual indemnification provisions, and a covenant that Harmonic will not compete with the Video Business for three years after closing. Either party may terminate if closing conditions are not met by June 8, 2026, with an automatic extension to September 8, 2026 in certain cases. Closing is currently expected in the second quarter of 2026.
Harmonic Inc. furnished updated historical financials reflecting the planned sale of its Video business to LeoneMedia (MediaKind). After classifying Video as discontinued operations, Harmonic now reports a single continuing segment, Broadband, and provides unaudited quarterly 2025 results excluding the Video business.
For continuing operations, 2025 quarterly revenue grew from $84.9M in Q1 to $98.2M in Q4, with GAAP income from continuing operations ranging from a loss of $0.9M in Q2 to income of $2.4M in Q1. Discontinued Video operations drove a large GAAP net loss of $54.8M in Q4, mainly from a $57.5M goodwill impairment.
The company also supplies detailed GAAP to Non-GAAP reconciliations, adjusting for stock-based compensation, restructuring, advisory fees, impairments and discrete tax items. On this basis, Non-GAAP net income from continuing operations was $8.0M, $3.7M, $7.5M, and $7.2M for Q1–Q4 2025.
Harmonic Inc. reported preliminary unaudited results showing mixed trends for the fourth quarter and fiscal 2025. Total company net revenue was $157.3 million in Q4 and $570.8 million for 2025, while GAAP net loss per share was $(0.49) for Q4 and $(0.38) for the year, driven largely by discontinued Video operations and a $57.5 million goodwill impairment.
Broadband continuing operations generated net revenue of $98.2 million in Q4 and $360.5 million for 2025, with Q4 GAAP net income of $0.2 million, non-GAAP net income of $7.2 million and Adjusted EBITDA of $12.1 million. Bookings in Q4 were $346.9 million, producing a 3.5 book‑to‑bill ratio and lifting backlog and deferred revenue to $573.8 million, up 73% year over year.
Cash and cash equivalents were $124.1 million at December 31, 2025, compared with $101.5 million a year earlier, and the company repurchased about 1.3 million shares for $13.3 million in Q4. Harmonic reiterated plans to sell its Video business to MediaKind for $145 million in cash, expected to close in the first half of 2026, and issued 2026 Broadband guidance calling for GAAP net revenue of $440‑$480 million and non‑GAAP net income per share of $0.46‑$0.63.
Harmonic Inc. detailed new executive compensation actions for 2026. The board’s Compensation Committee approved a 2026 Key Contributor Incentive Plan with performance goals based on non-GAAP operating profit and bookings for fiscal 2026. Executives can earn up to 200% of the portion of their target bonus tied to a metric if targets are surpassed, with bonuses payable after fiscal 2026.
The committee also approved mid‑year base salary increases effective July 1, 2026. CEO Nimrod Ben‑Natan’s base salary rises from $618,000 to $750,000 with a target bonus equal to 100% of base salary; CFO Walter Jankovic’s base moves from $489,250 to $503,928 with an 80% target bonus; General Counsel Timothy Chu’s base moves from $426,420 to $439,213 with a 65% target bonus.
Amended Change of Control Severance Agreements provide, upon certain involuntary terminations during a change of control period, lump‑sum cash payments equal to 100% of base salary and target bonus (200% for Ben‑Natan), extended company‑paid benefits for up to 12–18 months, full vesting of unvested equity, and a $5,000 outplacement payment. Outside a change of control period, executives may receive smaller cash and benefit protections. The committee also approved full vesting of unvested time‑based restricted stock units for Neven Haltmayer at completion of the previously announced sale of the Video Business, subject to his continued employment through closing.
Harmonic Inc. (HLIT) furnished an Item 2.02 report announcing a press release with its preliminary, unaudited financial results for the quarter ended September 26, 2025. The company also scheduled a conference call on November 3, 2025 to discuss these results.
The information is being furnished, not filed, under the Exchange Act and will not be incorporated by reference into other filings. The report includes Exhibit 99.1 (press release titled "Harmonic Announces Third Quarter 2025 Results") and Exhibit 104 (Cover Page Inline XBRL).