Filing Flows › Harmonic (HLIT) › Q2 2025
Harmonic (HLIT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Harmonic (HLIT) reported revenue of $138M for the second quarter 2025 (Q2 2025), -0.5% from a year earlier and +4% from the quarter before. Operating margin was 2.8%, net earnings $2.9M (2.1% of revenue).
Harmonic, Q2 2025: revenue $138M (-0.5% year over year), operating margin 2.8%, net earnings $2.9M, operating cash flow −$11.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $138M | +4% | -0.5% |
| Gross profit | $73.8M | -6% | +0.5% |
| Operating profit | $3.9M | -62% | — |
| Net earnings | $2.9M | -52% | — |
| Operating cash flow | −$11.7M | -114% | — |
What changed
Revenue was $138.0M in Q2 2025, down 1% year over year and up 4% from the previous quarter.
Gross margin was 53.5%, up 0.5 points from a year earlier. Operating profit was $3.9M, a 2.8% margin (up 14.1 points year over year). Operating expenses fell 22% while revenue fell 1%. Net earnings were $2.9M. The effective tax rate was 3.5%.
Operating cash flow was −$11.7M. Non-cash charges added back $2.7M of depreciation and $7.7M of share-based compensation. Working capital and other items used $24.9M. Capital expenditures of $3.8M exceeded it, leaving free cash flow of −$15.5M.
Questions
What was Harmonic's revenue in the second quarter 2025?
Harmonic (HLIT) reported revenue of $138M for the second quarter 2025 (Q2 2025), -0.5% from a year earlier and +4% from the quarter before.
Was Harmonic profitable in the second quarter 2025?
Operating profit was $3.9M (2.8% of revenue) and net earnings $2.9M.
Source: Harmonic 10-Q on SEC EDGAR.