Slide 1: Earnings Conference Call Second Quarter 2026
EARNINGS CONFERENCE CALL SECOND QUARTER 2026 Nimrod Ben-Natan, President & CEO Walter Jankovic, CFO August 12, 2026 1 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS During the course of this presentation, we will focus only on continued operations unless otherwise stated. Our Video business is now classified as discontinued operations. We will provide projections and other forward-looking statements regarding future events or the futu
Slide 3: At-A-Glance
AT-A-GLANCE BROADBAND SILICON VALLEY Pure-Play Innovator Headquarters STRONG FY 2026E CLOUD NATIVE REVENUE GROWTH INNOVATION 43% YoY at Mid-Point of LEADER Guidance MARKET MARKET-LEADING CAPITALIZATION1 CUSTOMERS $1.3B Worldwide Revolutionizing Broadband Networks 1 Mark et Capitalization as of Augus
Slide 4: The New Harmonic
THE NEW HARMONIC Pure-Play Broadband Innovator Simplified Business Model • Providing market leading DOCSIS and Fiber-to-the-Home • Systems, processes and people to support one (FTTH) solutions, complemented by an expanding business Intelligence Platform • Improved long term operating margin • Now fu
Slide 5: Q2 Highlights Broadband
Q2 HIGHLIGHTS BROADBAND Financial Technology • Revenue growth YoY of 54% and 10% sequentially • Unified DOCSIS 4.0 ecosystem progressing • Operating profit growth YoY of 350% • Adding capabilities to our Intelligence Platform to • Cash position of $232 million drive growth in recurring revenues • Fu
Slide 6: Long-Term Strategy
LONG-TERM STRATEGY Expand Market Leadership Drive Software and Cloud Differentiation • Extend our market leading position in DOCSIS with • Enhance software differentiation for cOS, which cOS, Nodes, and recurring services represents >95% market share today • Leverage our innovation and speed-to-mark
Slide 7: Financial Results and Outlook
SECOND QUARTER 2026 FINANCIAL RESULTS AND OUTLOOK Walter Jankovic, CFO 7
Slide 8: Q2 2026 Income Statement Highlights
Q2 2026 INCOME STATEMENT HIGHLIGHTS* Financial Metric Q2 2026 Q2 2026 Q2 2025 Q2 2026 Y/Y (in millions except shares and EPS) Guidance** Actual Results** Actual Results ** Change Net Revenue ($M) $115 - $125 $133.5 $86.9 53.5% Gross Margin (%) 52% - 53% 53.0% 46.2% 680 bps Operating expense ($M) $37
Slide 9: Q2 2026 Balance Sheet & Cash Flow Highlights
Q2 2026 BALANCE SHEET & CASH FLOW HIGHLIGHTS * Financial Metric Q2 Q1 Q2 ($ Millions) 2026 2026 2025 Cash $231.9 $109.0 $123.9 Cash Provided by Operations** $(5.4) $31.7 $(11.7) Free Cash Flow** $(7.0) $30.3 $(15.5) Accounts Receivable $89.9 $83.5 $69.9 DSO 61 62 72 Inventory $66.5 $51.2 $55.1 Inven
Slide 10: Capital Allocation Priorities
CAPITAL ALLOCATION PRIORITIES $200M Stock Inorganic Organic Repurchase Expansion Growth Authorization Opportunities • ROM growth investments • $122M stock purchases to • Utilize Video sale to diversify the business date since program proceeds to drive • Additional service offerings inception in Q1 2
Slide 11: Q3 and FY 2026 Financial Guidance
Q3 and FY 2026 FINANCIAL GUIDANCE* Financial Metric Q3 2026 FY 2026 Raising full year 2026 guidance at the mid-point: Net Revenue ($M) $125 - $135 $505 - $525 Gross Margin (%) 51.0% - 52.0% 51.0% - 52.0% • Revenue up 6.2% • EPS up 14.5% Operating Profit ($M)** $23 - $28 $99 - $111 Tax Rate 23.0% 23.
Slide 12: Key Takeaways: Market Leader Positioned for Growth
KEY TAKEAWAYS MARKET LEADER POSITIONED FOR GROWTH Growth Momentum Raising FY 2026 Revenue Robust Rest-of-Market Building and EPS Guidance Growth • Technology leadership positions KEY LONG-TERM • Expanding Long-term TAM CATALYSTS • Strong operating model • Proven execution 12
Slide 13: Wrap-Up & Q&A
WRAP-UP & Q&A 13 13
Slide 14: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES In establishing operating budgets, managing its business performance, and setting internal measurement targets, the Company excludes a number of items required by GAAP. Management believes that these accounting charges and credits, most of which are non-cash or non
Slide 15: Q2 2026 GAAP to Non-GAAP Reconciliations Continuing Operations
Q2 2026 GAAP TO NON-GAAP RECONCILIATIONS CONTINUING OPERATIONS (UNAUDITED, IN THOUSANDS, EXCEPT EPS AND PERCENTAGES) 15
Slide 16: Q1 2026 GAAP to Non-GAAP Reconciliations Continuing Operations
Q1 2026 GAAP TO NON-GAAP RECONCILIATIONS CONTINUING OPERATIONS (UNAUDITED, IN THOUSANDS, EXCEPT EPS AND PERCENTAGES) 16
Slide 17: Q2 2025 GAAP to Non-GAAP Reconciliations Continuing Operations
Q2 2025 GAAP TO NON-GAAP RECONCILIATIONS CONTINUING OPERATIONS (UNAUDITED, IN THOUSANDS, EXCEPT EPS AND PERCENTAGES) 17
Slide 18: Q3 2026 Guidance GAAP to Non-GAAP Reconciliations
Q3 2026 GUIDANCE GAAP TO NON-GAAP RECONCILIATIONS (UNAUDITED, IN MILLIONS, EXCEPT EPS AND PERCENTAGES) 18
Slide 19: FY 2026 Guidance GAAP to Non-GAAP Reconciliations
FY 2026 GUIDANCE GAAP TO NON-GAAP RECONCILIATIONS (UNAUDITED, IN MILLIONS, EXCEPT EPS AND PERCENTAGES) 19
Slide 20: Thank You.
THANK YOU. 20 20