Short answer
HARMONIC INC. (HLIT) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 26, 2025. Quarterly revenue was $158M (down 19.1% year over year) with net income of $7M.
Q3 2025 key financials · XBRL
- Revenue
- $158M
- −19.1% YoY
- Net income
- $7M
- −70.0% YoY
- Operating margin
- -12.8%
- Gross margin
- 60.6%
- EPS (diluted)
- $0.05
- −73.7% YoY
Source: XBRL data from the HARMONIC INC. (HLIT) Q3 2025 10-Q on SEC EDGAR. USD.
HARMONIC INC. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: U.S. tariffs since Feb 2025 on imports from China, Canada, Mexico, Malaysia (19%), Taiwan (20%) affecting costs and supply chain
- Material update: Customer concentration with Comcast revenue down to 39% YTD Sep 2025 from 44% YTD Sep 2024 due to industry consolidation
- Regulatory risk: Uncertainty from evolving broadband and video regulations including net neutrality, third-party network access, and franchising for telcos
- Market risk: Longer sales cycles for cOS broadband access solutions due to complex customer evaluations slowing near-term revenue growth
- Financial risk: Majority of production by Plexus in Malaysia exposed to 10-125% reciprocal U.S. tariffs, increasing manufacturing costs and impacting margins
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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