Harmonic Inc.

As amended in December 2024, the Credit Agreement provides for a secured revolving credit facility in an aggregate principal amount of up to $ 160.0 million (the Revolving Facility ), with a $ 10.0 million sublimit for the issuance of letters of credit, and a secured delayed draw term loan facility in an aggregate principal amount of up to $ 40.0 million (the Term Facility ).

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026

The proceeds of the loans under the Term Facility were required to be used to repurchase, redeem, acquire or otherwise settle the 2024 Notes.

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026

The Credit Agreement also includes an uncommitted accordion feature whereby the Company may increase the Revolving Facility and/or establish one or more new term loan facilities by an aggregate amount not to exceed $ 100.0 million during the term of the Credit Agreement, subject to certain conditions, including lender consent.

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026

Repayment of the principal amount of the term loans began on December 31, 2024, in quarterly installments equal to 1.25 % of the initial borrowing of $ 40.0 million, increasing to 1.875 % beginning December 31, 2025, and to 2.50 % beginning December 31, 2027.

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026

As of July 3, 2026, the Company had repaid $ 4.3 million of these installments, and $ 3.0 million was due in the following twelve months and was therefore classified as current portion of long-term debt on the condensed consolidated balance sheet.

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026

As of July 3, 2026, the Company had outstanding borrowings of $ 35.8 million under the Term Facility , $ 75.0 million under the Revolving Facility, $ 0.3 million of letters of credit issued, and $ 84.7 million of remaining capacity under the Revolving Facility.

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026

Non-recurring advisory fees - There were non-recurring costs that we excluded from Non-GAAP results relating to professional accounting, tax and legal fees associated with strategic corporate initiatives.

SEC original ↗Harmonic Inc. — Earnings release (8-K exhibit)EX-99Jul 28, 2025

The statements contained in this Quarterly Report on Form 10-Q that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Acts of 1933, as amended (the Securities Acts ), and Section-21E of the Securities Exchange Act of 1934, as amended (the Exchange Act ), including, without limitation, statements regarding our expectations, beliefs, intentions or strategies regarding the future.

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026

Our strategy is focused on continuing to develop and deliver software-based broadband technologies, which we refer to as our cOS solutions, to our broadband operator customers.

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026

(2) Includes estimated tariff impacts of approximately $1 million (3) Refer to Net Income (Loss) to Consolidated Adjusted EBITDA Reconciliation on Financial Guidance below for a reconciliation to net income (loss), the most comparable GAAP measure.

SEC original ↗Harmonic Inc. — Earnings release (8-K exhibit)EX-99Jul 28, 2025

Our expectations regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

SEC original ↗Harmonic Inc. — Earnings release (8-K exhibit)EX-99Jul 28, 2025

The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Harmonic's filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K for the year ended December 31, 2024, our most recent Quarterly Report on Form 10-Q and our Current Reports on Form 8-K.

SEC original ↗Harmonic Inc. — Earnings release (8-K exhibit)EX-99Jul 28, 2025

LEGAL PROCEEDINGS 29 ITEM 1A.

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026

18 Table of Contents Legal Proceedings From time to time, the Company is involved in lawsuits and is subject to various legal proceedings, claims, threatened litigation, and investigations in the ordinary course of business, including claims of alleged infringement of third-party patents and other intellectual property rights, commercial, employment, and other matters.

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026

The Company assesses potential liabilities in connection with each lawsuit and threatened lawsuits and accrues an estimated loss for these loss contingencies if both of the following conditions are met: (i) information available prior to issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and (ii) the amount of loss can be reasonably estimated.

SEC original ↗Harmonic Inc. — 10-Q Quarterly report10-QAug 17, 2026