India, Aug. 12 -- Harmonic Inc. (HLIT) reported a loss for the second quarter, compared with a profit last year. On an adjusted basis, profit rose from last year, with revenue rising 54% amid continued momentum in its Broadband business. The company also raised its full-year 2026 revenue outlook.
For the second quarter, the company reported a loss of $2.3 million, or $0.02 per share, compared with a profit of $2.9 million, or $0.03 per share, last year.
Adjusted net income was $26.0 million or $0.24 per share, compared to $10.3 million or $0.09 per share last year.
Harmonic reported second-quarter net revenue of $133.5 million, up 54% from $86.9 million in the year-ago quarter, driven by strong growth in its Broadband business.
Broadban...