Harmonic Inc reported Q1 earnings of $0.17 per share, topping estimates, and raised its full-year EPS outlook above expectations.
Harmonic Inc shares climbed 13% to $14.50 in premarket trading after the company posted first-quarter earnings of $0.17 per share, exceeding the analyst consensus of $0.12. Revenue reached $121.695 million, surpassing estimates of $102.213 million.
The company also issued second-quarter guidance above expectations and raised its FY26 EPS outlook. Prior quarter earnings were not provided in the report, but the beat reflects stronger-than-anticipated performance.
Premarket trading saw Harmonic as a standout gainer, alongside other stocks reacting to earnings and corporate announcements.