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Item 3 — Quantitative and Qualitative Disclosures About Market Risk
Harmonic Inc · 10-Q · Q2 FY2025 · Period ended Jul 3, 2026
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Market risk represents the risk of loss that may impact our operating results, financial position or liquidity due to adverse changes in market prices and rates. We are exposed to market risk because of changes in interest rates, foreign currency exchange rates, when other currencies held by our subsidiaries are measured against the U.S. dollar, and to changes in the value of financial instruments held by us.
For quantitative and qualitative disclosures about foreign currency exchange risk and interest rate risk affecting the Company, see Item 7A “Quantitative and Qualitative Disclosures about Market Risk” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on February 24, 2026. Our exposure related to foreign currency exchange risk and interest rate risk has not changed materially since December 31, 2025.