NIC Inc. Earnings Recaps
Q2 2026
Aug 14, 2026
Harmonic delivered a substantial beat on revenue, driven by robust fiber and rest-of-market demand, which lifted the stock +14.2% post-earnings as investors rewarded the raised full-year broadband revenue outlook and strong backlog visibility.
Key takeaways
- Q2 revenue surged 54% year-over-year to $133.5 million, surpassing the high end of guidance and marking the strongest second quarter in company history.
- Rest-of-market revenue grew 44% year-over-year to nearly $50 million, with bookings reaching $144 million and rest-of-market bookings comprising roughly 60% of total bookings.
- Backlog and deferred revenue expanded to $588 million, bolstering visibility and supporting the upward revision to full-year outlooks.
- Fiber momentum is accelerating, highlighted by record rest-of-market fiber bookings and deployments ramping up, including significant new orders for advanced products like Pearl-1XL and Oyster+.
- The flexible cOS platform enables operators to deploy converged architectures simultaneously (DOCSIS 3.1 Plus, DOCSIS 4.0, fiber), aligning with evolving network traffic patterns and operator preferences, underpinning the market traction.
Q1 2026
May 13, 2026
Harmonic's shares rose modestly by 0.9% following earnings, reflecting a quarter in line with expectations that showed solid broadband revenue growth and backlog expansion but without a meaningful market surprise.
Key takeaways
- Q1 broadband revenue grew 43% year-over-year to $121.7 million, driven largely by rest of market demand representing 42% of total broadband revenue.
- Backlog and deferred revenue increased 87% year-over-year, improving visibility into future sales.
- Fiber products now account for over 14% of appliance and integration revenue and continue to gain traction with multiple new wins, including international deployments.
- DOCSIS 4.0 adoption expanded with new customers and ongoing deployments, supporting upstream capacity growth of about 20% annually at a leading operator.
- Management reiterated progress on the pending sale of the video business, aiming to finalize in Q2 to further focus on broadband.