NASDAQ$HLIT
Harmonic Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Harmonic's revenue increased, driven by growth in both Cable Access and Video segments.
Harmonic Inc. reported a strong third quarter in 2021, with a 33% year-over-year increase in total revenue. Both the Cable Access and Video segments contributed to this growth, with revenue increases of 43% and 26% respectively. The company also saw solid operating profit and an improved cash position.
- Total revenue increased by 33% year over year.
- Cable Access segment revenue grew by 43% year over year.
- Video segment revenue increased by 26% year over year.
- GAAP operating income was $5.4 million, compared to a GAAP operating loss of $1.6 million in the year ago period.
Headline financials
Revenue & EPS history
Harmonic · Revenue · Quarterly
$126M
Forward guidance
Harmonic provided financial guidance for Q4 2021, with expected GAAP net revenue between $147.0 million and $157.0 million and GAAP diluted EPS between $0.03 and $0.07.
Tailwinds
- Net revenue between $147.0 million and $157.0 million
- Gross margin between 47.3% and 48.6%
- Operating income between $7.3 million and $12.1 million
- EPS between $0.03 and $0.07
- Cash between $125.0 million and $135.0 million
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 Q3 2021
+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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