NASDAQ$HLIT
Harmonic Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Harmonic reported record quarterly revenue and solid gross margins and operating profit in both Broadband and Video segments.
Harmonic announced strong Q4 2022 results, with record quarterly revenue of $164.3 million, driven by Broadband segment revenue growth of 38% and Video SaaS revenue growth of 51%. The company's gross margins and operating profit in both Broadband and Video segments were solid.
- Harmonic delivered a strong finish to the year, including record quarterly revenue.
- Broadband segment revenue increased by 38%.
- Video SaaS revenue increased by 51%.
- Demand and competitive differentiation remains strong for both the Broadband and Video SaaS solutions.
Headline financials
Revenue & EPS history
Harmonic · Revenue · Quarterly
$164M
Forward guidance
Harmonic provided financial guidance for Q1 2023 and full year 2023.
Tailwinds
- Q1 2023 revenue is expected to be between $152 million and $162 million.
- 2023 revenue is expected to be between $695 million and $735 million.
- Q1 2023 gross margin is expected to be between 49.0% and 50.1%.
- 2023 gross margin is expected to be between 49.5% and 51.0%.
- Q1 2023 EPS is expected to be between $0.01 and $0.04.
Headwinds
- Q1 2023 operating expenses are expected to be between $72 million and $74 million.
- 2023 operating expenses are expected to be between $287 million and $294 million.
- Q1 2023 operating income is expected to be between $1 million and $5 million.
- 2023 operating income is expected to be between $44 million and $63 million.
- Q1 2023 cash is expected to be between $75 million and $85 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 Q4 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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