HLIT

• Broadband segment revenue $133.5 million, up 54% year over year; operating profit $23.6 million GAAP, $31.3 million non-GAAP.
• Backlog and deferred revenue $587.6 million, up 71% from $344.2 million a year ago; cash $231.9 million at quarter end.
• Completed sale of Video business to MediaKind on June 16, 2026 for $137.9 million at closing; now a pure-play broadband company.
• Raised full-year 2026 Broadband revenue guidance to $505-$525 million (GAAP), with non-GAAP EPS $0.67-$0.75.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Harmonic Inc. completed the sale of its Video Business to Leone Media Inc. (d/b/a MediaKind) for $145 million in cash on June 16, 2026.
• Harmonic agreed not to compete with the Video Business for three years after closing.
• Neven Haltmayer resigned as Senior Vice President and General Manager, Video Business, effective June 16, 2026, retiring after 20 years.
• Harmonic plans an Investor Day in New York City on September 15, 2026, to discuss its broadband focus.

2.01 Completion of Acquisition or Disposition of Assets · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• The purchase price is $145 million in cash, subject to customary adjustments.
• The sale is expected to close in the second quarter of 2026, pending satisfaction of remaining customary closing conditions.
• The disclosure was made under Item 7.01 Regulation FD, providing an update on the previously announced transaction.

7.01 Regulation FD Disclosure

• Seven directors were elected: Nimrod Ben-Natan, Patrick Gallagher, Deborah L. Clifford, Stephanie Copeland, Dana Crandall, Neel Dev, and David Krall, each with over 78 million votes for.
• Stockholders approved, on an advisory basis, executive compensation (77,824,399 for) and a one-year frequency for future say-on-pay votes (75,781,101 for one year).
• The 2025 Equity Incentive Plan was amended to increase reserved shares by 3,000,000, with 75,846,460 votes for.
• Ernst & Young LLP was ratified as independent auditor for fiscal year 2026, with 93,911,376 votes for.

5.07 Submission of Matters to a Vote of Security Holders

• Broadband (continuing operations) revenue grew 43% year over year to $121.7 million, including 78% growth in Rest-of-Market revenue.
• Company raised full-year 2026 Broadband revenue guidance to $475 million-$495 million (GAAP), with non-GAAP operating profit guidance of $87 million-$101 million.
• Backlog and deferred revenue reached $582.1 million, up 87% from $311.7 million a year earlier.
• Sale of Video business to Leone Media Inc. (MediaKind) for $145 million cash is progressing, expected to close in Q2 2026.
• Compensation Committee approved a new incentive plan for SVP Neven Haltmayer tied to the Video sale, including a $835,000 cash bonus upon closing.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Dan Whalen resigned from Harmonic Inc.'s Board of Directors on March 31, 2026, due to potential conflicts of interest from accepting a new role at another company.
• Whalen had served on the board since 2024, with prior service from 2021 to 2023, and was a member of the Audit and Compensation Committees.
• The company thanked Whalen for his years of service and contributions.
• The 8-K was filed on April 2, 2026, with the event date of March 31, 2026.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• Harmonic Inc. and Leone Media Inc. (d/b/a MediaKind) executed an Asset Purchase Agreement on March 20, 2026, for the sale of Harmonic's Video Business.
• The French employee works council consultation process was completed on March 12, 2026, and Harmonic delivered a notice of intent to exercise the Put Option on March 16, 2026.
• Closing is subject to customary regulatory approvals and is expected in the second quarter of 2026; either party may terminate if conditions are not met by June 8, 2026, extendable to September 8, 2026.
• The APA includes a three-year non-compete agreement by Harmonic and mutual indemnification obligations for certain losses.

1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits

• The Video business is classified as held-for-sale and discontinued operations; continuing operations now consist solely of the Broadband segment.
• Exhibit 99.1 provides unaudited quarterly 2025 financials for continuing operations, including GAAP and Non-GAAP reconciliations.
• Q4 2025 GAAP net loss of $54.8 million includes a $55.0 million loss from discontinued operations, largely due to a $57.5 million goodwill impairment.
• The filing is furnished under Item 7.01 (Regulation FD) and is not deemed filed for SEC purposes.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits