NASDAQ$HLIT
Harmonic Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Harmonic's first quarter results for 2022 showed revenue up 32% year over year, driven by Cable Access segment growth and Video segment gross margin expansion.
Harmonic Inc. announced strong first quarter 2022 results with revenue up 32% year over year. The Cable Access segment revenue increased by 98% and the Video segment saw gross margin expansion. Bookings resulted in a record backlog and deferred revenue.
- Revenue was $147.4 million, up 32% year over year.
- Cable Access segment revenue was $81.6 million, up 98% year over year.
- Video segment revenue was $65.8 million, down 6% year over year.
- Record backlog and deferred revenue, up 81% year over year.
Headline financials
Revenue & EPS history
Harmonic · Revenue · Quarterly
$147M
Forward guidance
Harmonic provided financial guidance for Q2 2022 and full year 2022 on both GAAP and non-GAAP bases.
Tailwinds
- Q2 2022 GAAP net revenue is expected to be between $144.0 million and $154.0 million.
- Q2 2022 GAAP gross margin is expected to be between 48.9% and 50.8%.
- Q2 2022 Non-GAAP net revenue is expected to be between $144.0 million and $154.0 million.
- Q2 2022 Non-GAAP gross margin is expected to be between 49.3% and 51.2%.
- Full year 2022 Non-GAAP EPS is expected to be between $0.34 and $0.45.
Headwinds
- Q2 2022 GAAP operating income is expected to be between $4.3 million and $9.2 million.
- Q2 2022 GAAP EPS is expected to be between $0.00 and $0.05.
- Full year 2022 GAAP net revenue is expected to be between $585.0 million and $625.0 million.
- Full year 2022 GAAP gross margin is expected to be between 48.5% and 49.7%.
- Full year 2022 GAAP EPS is expected to be between $(0.20) and $(0.07).
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+1.0%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+5.5%
Avg return
30 days after
47%
32 / 68 earnings
Positive
+29.8%
Q3 2017
Best reaction
-24.9%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.8% | -2.4% | +13.1% | |
| Q4 2025 | +1.7% | -3.6% | -16.1% | |
| Q3 2025 | -2.1% | -6.2% | -10.2% | |
| Q2 2025 | +4.1% | +2.5% | +15.7% | |
| Q1 2025 | +1.3% | -3.3% | -1.3% | |
| Q4 2024 | -15.3% | -9.5% | -7.4% | |
| Q3 2024 | -24.9% | -25.8% | -15.0% | |
| Q2 2024 | +18.3% | +15.6% | +18.4% | |
| Q1 2024 | +16.7% | +19.1% | +28.6% | |
| Q4 2023 | +5.3% | +16.8% | +14.7% | |
| Q3 2023 | +9.1% | +9.9% | +12.5% | |
| Q2 2023 | -22.2% | -26.0% | -28.4% | |
| Q1 2023 | +20.1% | +20.5% | +34.0% | |
| Q4 2022 | -10.7% | -3.1% | -11.5% | |
| Q3 2022 | -11.3% | -10.9% | -2.0% | |
| Q2 2022 | -0.4% | +3.8% | +3.1% | |
| Q1 2022 | +17.0% | +10.4% | +19.8% | |
| Q4 2021 | -10.7% | -9.1% | -10.4% | |
| Q3 2021 | +15.8% | +18.4% | +16.1% | |
| Q2 2021 | +20.1% | +13.0% | +4.0% | |
| Q1 2021 | -9.8% | -7.3% | -10.0% | |
| Q4 2020 | +1.7% | -1.5% | +4.6% | |
| Q3 2020 | -8.6% | -16.0% | -4.7% | |
| Q2 2020 | +25.8% | +19.2% | +7.3% | |
| Q1 2020 | -15.4% | -14.5% | -12.4% | |
| Q4 2019 | +1.2% | -3.7% | -9.7% | |
| Q3 2019 | +22.1% | +25.6% | +27.3% | |
| Q2 2019 | -5.8% | -5.5% | -14.4% | |
| Q1 2019 | +0.4% | +1.8% | -6.4% | |
| Q4 2018 | -6.4% | +0.9% | +4.9% | |
| Q3 2018 | +1.1% | +13.2% | +7.5% | |
| Q2 2018 | +2.2% | +14.4% | +23.3% | |
| Q1 2018 | +11.3% | -4.2% | +9.9% | |
| Q4 2017 | +17.6% | +20.8% | +27.5% | |
| Q3 2017 | +29.8% | +33.3% | +52.6% | |
| Q2 2017 | +2.5% | +0.0% | -17.5% | |
| Q1 2017 | -8.2% | -12.9% | -12.9% | |
| Q4 2016 | +7.3% | +6.4% | +7.3% | |
| Q3 2016 | -9.1% | +2.0% | +4.0% | |
| Q2 2016 | +21.2% | +27.9% | +54.6% | |
| Q1 2016 | -6.3% | — | — | |
| Q4 2015 | -1.9% | — | — | |
| Q3 2015 | -0.7% | — | — | |
| Q2 2015 | -8.5% | — | — | |
| Q1 2015 | -4.8% | — | — | |
| Q4 2014 | +8.7% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | -9.0% | — | — | |
| Q1 2014 | +8.1% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q3 2013 | -3.1% | — | — | |
| Q2 2013 | +8.5% | — | — | |
| Q1 2013 | -1.7% | — | — | |
| Q4 2012 | -5.3% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q2 2012 | -0.9% | — | — | |
| Q1 2012 | +3.6% | — | — | |
| Q4 2008 | -4.7% | — | — | |
| Q4 2011 | -4.7% | — | — | |
| Q3 2011 | -4.5% | — | — | |
| Q2 2011 | +2.1% | — | — | |
| Q1 2011 | -1.9% | — | — | |
| Q1 2010 | -0.3% | — | — | |
| Q4 2010 | -0.3% | — | — | |
| Q3 2010 | +0.4% | — | — | |
| Q3 2009 | +0.4% | — | — | |
| Q2 2010 | -8.1% | — | — | |
| Q2 2009 | -8.1% | — | — |
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