NIC Inc. Q1 2026 Earnings Recap

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.