NIC Inc. Q2 2026 Earnings Recap

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.