Broadband Revenue Surges 54% in Q2, Prompting a Higher Full-Year Outlook
HLIT sits 70% above its 52-week low of $8.465.
Summary
Q2 broadband revenue rose 54% year over year, full-year guidance was raised, and cash was bolstered by the Video business sale.
Key Events · Earnings and Guidance · HLIT
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Broadband Revenue Accelerates
Q2 broadband revenue reached $133.5 million, up 54% year over year, driven by 44% growth in Rest-of-Market.
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Full-Year Guidance Raised
The company now expects full-year 2026 broadband revenue of $505-$525 million, up from the prior outlook.
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Cash Position Strengthens
Cash and equivalents rose to $231.9 million at quarter end, up from $124.1 million at year-end 2025, following the Video business sale.
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Backlog Surges
Backlog and deferred revenue hit $587.6 million, a 71% increase from $344.2 million a year ago.
Analysis · HLIT · Manufacturing
The broadband segment delivered a sharp acceleration in Q2, with revenue climbing 54% year over year to $133.5 million. Reflecting strong bookings and a more diversified customer base, full-year broadband revenue guidance was raised to $505-$525 million. Following the $145 million sale of the Video business, cash surged to $231.9 million, providing ample capital to fund growth. These results confirm that the strategic pivot to a pure-play broadband provider is working.
At the time of this filing, HLIT was trading at $14.41 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $8.47 to $17.68. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.