Share story
Products

Harmonic raises annual outlook as quarterly revenue grows 64%

Harmonic raises annual outlook as quarterly revenue grows 64% Image: Primary
Harmonic raised its 2026 revenue outlook to $545 million to $555 million after third-quarter revenue increased 64% year over year to $148.8 million. The company now forecasts non-GAAP earnings per share of $0.80 to $0.84, its third outlook increase for the year. Revenue from customers outside its two largest accounts more than doubled and represented 46% of quarterly revenue, supported by expanding deployments. Higher memory and component costs are expected to pressure margins into 2027, while elevated inventory contributed to negative third-quarter free cash flow.
Sources
Yahoo Finance
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital AI
Capital AI

October venture funding reaches $59 billion, with 66% going to AI

Global venture funding totaled $59 billion in October, up 45% from a year earlier, according to Crunchbase data. AI-driven companies captured 66% of the total, while seven companies raising billion-dollar rounds accounted for just over 40%.

Crunchbase News
Infrastructure
Infrastructure

Energy Transfer commits to $1.6 billion Louisiana-Mississippi gas pipeline

Energy Transfer LP has formally committed to building a $1.6 billion natural-gas pipeline, Bloomberg reports. The pipeline will move fuel from eastern Louisiana across Mississippi as data centers and export terminals increase demand for natural gas.

Bloomberg Technology
Capital Products
Capital Products

Journify raises $12 million to expand advertising data platform

Journify announced a $12 million Series A led by Al Mada Ventures and co-led by returning investor Silicon Badia. The company says the funding will support expansion into the US and Europe and develop the AI behind its advertising data platform.

The Next Web