Filing Flows › Harmonic (HLIT) › Q1 2025
Harmonic (HLIT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Harmonic (HLIT) reported revenue of $133M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -40% from the quarter before. Operating margin was 7.6%, net earnings $5.9M (4.5% of revenue).
Harmonic, Q1 2025: revenue $133M (+9% year over year), operating margin 7.6%, net earnings $5.9M, operating cash flow $83.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $133M | -40% | +9% |
| Gross profit | $78.6M | -37% | +25% |
| Operating profit | $10.1M | -81% | — |
| Net earnings | $5.9M | -84% | — |
| Operating cash flow | $83.6M | +72% | +212% |
| Free cash flow | $81.7M | +77% | +228% |
What changed
Revenue was $133.1M in Q1 2025, up 9% year over year and down 40% from the previous quarter.
Gross margin was 59.0%, up 7.3 points from a year earlier. Operating profit was $10.1M, a 7.6% margin (up 15.4 points year over year). Operating expenses fell 6% while revenue rose 9%. Net earnings were $5.9M. The effective tax rate was 30.0%.
Operating cash flow was $83.6M (up 212% year over year), 1407% of net earnings. Non-cash charges added back $2.7M of depreciation and $8.5M of share-based compensation. Working capital and other items added $66.5M. Capital expenditures of $1.9M left free cash flow of $81.7M.
Questions
What was Harmonic's revenue in the first quarter 2025?
Harmonic (HLIT) reported revenue of $133M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -40% from the quarter before.
Was Harmonic profitable in the first quarter 2025?
Operating profit was $10.1M (7.6% of revenue) and net earnings $5.9M.
Source: Harmonic 10-Q on SEC EDGAR.