Harmonic Inc (HLIT) Q3 2024 Earnings Call Highlights: Record Revenue Growth and Strategic ...

GuruFocus.com10-30

Total Revenue: $195.8 million, a 54% increase year over year. Broadband Revenue: $145.3 million, up 92% year over year. Video Revenue: $50.4 million, with SaaS streaming revenue of $14.2 million, up ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHarmonic Inc (HLIT) Q3 2024 Earnings Call Highlights: Record Revenue Growth and Strategic ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 03:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/harmonic-inc-hlit-q3-2024-190035857.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Total Revenue: $195.8 million, a 54% increase year over year.\nBroadband Revenue: $145.3 million, up 92% year over year.\nVideo Revenue: $50.4 million, with SaaS streaming revenue of $14.2 million, up ...</p>\n\n<a href=\"https://finance.yahoo.com/news/harmonic-inc-hlit-q3-2024-190035857.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HLIT","symbol_name":"谐波","start_time":0,"source_url":"https://finance.yahoo.com/news/harmonic-inc-hlit-q3-2024-190035857.html","article_id":"2479255940","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/LVRVF3sXDpcJ2_42xbOskw--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/a913d188d4abd546d78b095c7499f808"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479255940","pubTimestamp":1730228435,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Total Revenue: $195.8 million, a 54% increase year over year.Broadband Revenue: $145.3 million, up 92% year over year.Video Revenue: $50.4 million, with SaaS streaming revenue of $14.2 million, up 13.1% year over year.Gross Margin: 53.7%, above the high end of guidance.Broadband Gross Margin: 48.3%, up 380 basis points year over year.Video Gross Margin: 69%, up 1,210 basis points year over year.Adjusted EBITDA: $43.4 million, with $37.5 million from Broadband and $6 million from Video.Bookings: $171.4 million, with a book-to-bill ratio of 0.9.Q4 2024 Revenue Guidance: $205 million to $220 million.GuruFocus has detected 5 Warning Signs with HLIT.For the complete transcript of the earnings call, please refer to the full earnings call transcript.Harmonic Inc  reported record Q3 results with total revenue and adjusted EBITDA exceeding guidance.The Broadband segment saw a significant revenue increase of 92% year-over-year, driven by strong customer demand and market leadership.Customer conc","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HLIT":"谐波"},"translate_title":"Harmonic Inc(HLIT)2024年第三季度收益看涨期权亮点：创纪录的收入增长和战略……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HLIT":1},"content_text":"Total Revenue: $195.8 million, a 54% increase year over year.\nBroadband Revenue: $145.3 million, up 92% year over year.\nVideo Revenue: $50.4 million, with SaaS streaming revenue of $14.2 million, up 13.1% year over year.\nGross Margin: 53.7%, above the high end of guidance.\nBroadband Gross Margin: 48.3%, up 380 basis points year over year.\nVideo Gross Margin: 69%, up 1,210 basis points year over year.\nAdjusted EBITDA: $43.4 million, with $37.5 million from Broadband and $6 million from Video.\nEPS: $0.26 per share.\nBookings: $171.4 million, with a book-to-bill ratio of 0.9.\nBacklog and Deferred Revenue: $584.7 million.\nCash and Cash Equivalents: $58.2 million.\nFree Cash Flow: $5.7 million.\nDays Sales Outstanding (DSO): 80 days.\nDays Inventory on Hand: 73 days.\nQ4 2024 Revenue Guidance: $205 million to $220 million.\nQ4 2024 EPS Guidance: $0.33 to $0.39.\n\n\nWarning! GuruFocus has detected 5 Warning Signs with HLIT.\n\nRelease Date: October 28, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nHarmonic Inc (NASDAQ:HLIT) reported record Q3 results with total revenue and adjusted EBITDA exceeding guidance.\nThe Broadband segment saw a significant revenue increase of 92% year-over-year, driven by strong customer demand and market leadership.\nThe Video segment returned to profitability with a greater than 10% adjusted EBITDA margin, aided by rightsizing actions and revenue execution.\nHarmonic Inc (NASDAQ:HLIT) secured business with 7 new customers in the Broadband segment, highlighting growing demand for modernized cable network solutions.\nThe company reaffirmed its full-year Broadband 2024 revenue guidance and raised its EBITDA guidance, indicating confidence in future performance.\n\n Negative Points \n\nThere are short-term challenges anticipated in 2025 due to ecosystem integration requirements and new Unified RF front-end development.\nCustomer deployment timing plans are being pushed out, creating a short-term Broadband revenue headwind in 2025.\nThe Video segment's revenue was slightly down compared to the previous year, indicating ongoing challenges in this market.\nThe company faces dependency on the availability and maturity of amplifiers for future deployments, which could impact growth.\nCustomer concentration remains high, with Comcast and Charter representing a significant portion of total revenue, indicating a need for diversification.\n\n Q & A Highlights \nQ: Can you explain the upside in broadband for the September quarter? Was it primarily timing, and can you provide any color on product mix affecting margins? A: The higher-than-expected results were due to delivery timing and our ability to ship products to customers. We reaffirmed our full-year guidance for broadband, indicating a shift rather than an increase. The product mix shifted slightly, leading to improved gross margins in Q3. - Walter Jankovic, CFO\nQ: How have Tier 1 customer deployments changed, excluding Comcast? Any commentary on America's segment growth? A: We can't mention specific customers, but there's momentum with a growing pipeline and more customers in that market segment. We won several new logos this quarter, and we expect this trend to continue into Q4 and beyond. - Nimrod Ben-Natan, CEO\nQ: Could there be a stalling of growth in broadband as customers evaluate Unified DOCSIS 4.0? A: Yes, the Unified Transition may cause some customers to delay deployment plans, creating a short-term revenue headwind in 2025. However, this is mainly a timing shift, and we expect these delays to create a positive tailwind in the future. - Walter Jankovic, CFO\nQ: Could broadband revenues decline in 2025? A: It's premature to provide specific revenue guidance for FY25. However, based on conservative modeling, we still expect FY25 total company EPS to be above FY24 guidance at the midpoint. - Walter Jankovic, CFO\nQ: What are the ecosystem challenges related to the Unified transition? A: One example is our dependency on amplifiers. We can deploy FDX nodes to a point, but at some stage, we will depend on amplifiers, which is an ecosystem dependency. - Nimrod Ben-Natan, CEO\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479255940"}