Harmonic Inc. (HLIT) Presents at Barclays 23rd Annual Global Technology Conference Transcript

SA Transcripts157.3K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Harmonic Inc. (HLIT) Barclays 23rd Annual Global Technology Conference December 10, 2025 5:30 PM EST Company Participants Walter Jankovic - Chief Financial Officer Conference Call Participants Timothy Long - Barclays Bank PLC, Research Division Presentation Timothy LongBarclays Bank PLC, Research Division Hello, Everybody. Thanks for joining. Tim Long, Barclays IT hardware comm equipment analyst. Happy to start this session on Harmonic. Walter, thanks for coming. Appreciate it. Walter JankovicChief Financial Officer Thanks for having me. Timothy LongBarclays Bank PLC, Research Division A lot of news recently. So we have some things to talk about here. Walter JankovicChief Financial Officer Absolutely. It's been full week. Question-and-Answer Session Timothy LongBarclays Bank PLC, Research Division Yes, yes. So maybe we'll start off on the Video business. Maybe talk a little bit high level about -- I mean, obviously, this was a process that was looked at a year or 2 ago, didn't materialize. Now it did. So just kind of walk us through the logic behind the deal. Walter JankovicChief Financial Officer Yes, certainly. Yes, back in November of 2023, we had kicked off a strategic review of the Video business. At that time, we exited out of that process back in the spring of 2024, and we had looked at selling that business. And at that point in time, we did not find an appropriate buyer that we felt we could execute and close a deal on. After that process, we actually went forward and restructured the business. We got the business performing quite strongly and consistently over the last 18 months. Obviously, folks saw the performance of the Video business, both the video SaaS as well as the appliance side of the business and saw that strong performance. And very recently, we had MediaKind approach us and put Recommended For You