HARMONIC INC.

Harmonic Inc. (NASDAQ: HLIT) is a leading global provider of broadband access solutions that enable broadband operators to efficiently deploy high-speed internet services for data, voice, and video delivery. The company operates through its Broadband business segment, which generates approximately 63% of total revenue, with the remaining revenue historically derived from its Video business, which the company entered into an agreement to sell in December 2025. The company's website is www.harmonicinc.com.

The core product offering centers on cOS, a software-based broadband access solution consisting of virtualized cloud-native software elements that orchestrate connections with various hardware devices including Oyster, Ripple, and SeaStar distributed access nodes, as well as Reef, Wave, and other physical layer equipment. This solution supports centralized, distributed access, and hybrid network architectures and enables operators to deliver both DOCSIS and fiber-to-the-home services. Harmonic also provides cOS Central Cloud Services, a subscription offering that bundles technical support, customer success management, and a SaaS platform for deployment and network monitoring.

Harmonic derives approximately 89% of revenue from the Americas, with EMEA and APAC regions accounting for 9% and 2% respectively. The company sells through direct sales forces and independent resellers to cable and telecommunications operators globally, with significant customers including Charter Communications, Comcast, and various international operators. As of December 31, 2025, Harmonic employed 534 full-time employees across 18 countries, with substantial research and development operations in Israel, France, the United States, and India, supplemented by engineering resources in Ukraine and Poland.

The company maintains a portfolio of 65 issued U.S. patents and seven foreign patents, with applications pending through 2043. Harmonic relies on Plexus Services Corp. as its primary contract manufacturer and sources key components from sole or limited suppliers. The business model emphasizes software-driven architectures that reduce facility costs, increase operational efficiency, and provide scalability advantages over traditional hardware-centric approaches, positioning the company to benefit from industry trends toward virtualization and distributed network architectures.