Harmonic Earnings Call: Bookings Surge, Margins Tested

NodeGuardian · 2026-02-22T03:05:49+00:00

Harmonic's Q4 earnings call revealed record bookings and a robust backlog in its broadband business, driven by DOCSIS 4.0 and fiber growth. However, challenges like customer concentration and rising costs may impact margins in 2026. The company is shifting to a pure broadband focus, forecasting revenue growth despite these issues.

NodeGuardian

2026-02-22 03:05:49

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Harmonic’s Q4 earnings call highlighted record bookings and a surging backlog, indicating strong demand for its broadband business, particularly with DOCSIS 4.0 and fiber momentum. Despite these gains, the company acknowledged challenges related to customer concentration, rising memory costs, and stranded expenses from its Video divestiture, which are expected to pressure margins in 2026. Harmonic is strategically pivoting to a pure-play broadband focus, with optimistic guidance for 2026 revenue growth despite these headwinds.

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