🟢 Harmonic is trading 23.75% up in pre-market after Q2 broadband revenue beat and raised guidance

Harmonic is trading at $14.85 (+23.75%) in pre-market after a strong Q2 earnings beat and raised guidance.

• Q2 broadband revenue was $133.5 million, up 54% year over year and above guidance; adjusted EPS was $0.24 versus $0.12 consensus.
• Revenue totaled $173 million versus $112.93 million estimates; full-year broadband guidance rose to $505 million-$525 million, with Q3 guidance lifted.
• The company-specific move follows the August 12 earnings announcement; backlog and deferred revenue reached $587.6 million, up 71% year over year.