Harmonic: Sale Of Video And A Robust Q2 Lead To A Rating Upgrade

Harmonic Inc. is now a pure-play Broadband business after divesting its Video business, with a Strong Buy rating upgrade. Q2-2026 broadband revenue surged 54% YoY, offsetting Video revenue loss, while backlog rose 71% to $587.6 million, signaling accelerating demand. HLIT raised FY-2026 revenue guidance to $505–$525 million and reported significant EPS growth, supported by strong product uptake and a robust balance sheet.