Thanks, Nimrod, for thank us joining you today. and all
on that like a the results as well quarterly our our to remind are basis. referring provided discuss I'll I to results be everyone financial outlook, Before non-GAAP I'd as
non-GAAP David reconciliations financial of and mentioned our available earnings QX that earlier, these website. our Both on presentation the call. measures GAAP release to discussed are includes As are press on this of
Our level, operations the guidance included guidance revenue profitability end we the that second and guidance high which high the both of end the quarter and exceeded was video. of of At in results our our midpoint at exceeded broadband and expectations. revenue revenue businesses, exceeded
beat quarter X. the second second guidance quarter profitability, of EPS of some here on EBITDA range.
I'll non-GAAP call our out of Slide and high terms In highlights end adjusted overall our our
At $XX.X impairments recorded $XX.X during EPS, giving and XX% of quarter-over-quarter, a our end, in million visibility headcount office QX, the quarter note The million, of the other reflect are lease-related we which plan call streamline backlog lease-related prior our bookings or deferred of reduction also part space other million which asset of impairments the quarter, for footprint was and like in total in X.X. balance rose video to million, structure. a The reported that in structure us our asset our and the negative charges leased $X us of of $X reduce position $X.XX, we and For revenue cost revenue leaving we solid costs the $XXX.X restructuring announced net $X.XX restructuring GAAP cost loss $XXX.X $XX.X charges. included to a our of million, a of optimize would of million million, greater quarter while in and and as costs earnings business. and book-to-bill EPS year.
I
points in mention our review financials provide quarter detail important XXXX about our want guidance. full I year guidance, to some QX more we and and second Before detailed
FY we're reaffirming $XXX million. 'XX million guidance to of range revenue prior broadband, our $XXX Regarding
half information, expect guidance, and commitments midpoint revenue we based as latest information. to of raised business year-to-date to earnings this the accelerate our so broadband of OpEx available continue on results EBITDA in quarter, latest we closely XX% savings, to to we broadband will year, the At mix momentum growth a on and XXXX second FY we've each the the expected to broadband 'XX prior well forecast.
Based 'XX year-over-year is the year-over-year. call, expected we anticipate we updated Due guidance As FY have our forecasts, basis. see, do of as evaluate which increase the just on started already our customer revenue our
wins, the communicated expected holding drive We regards strong we continue our technology growth we guidance. Analyst the video, revenue our FY well-positioned plans to backlog, completed recent previously to to on and and Day.
With be EBITDA executing we our with have 'XX and during are leadership largely restructuring customer that discussed
revenue This the Turning earnings on the provided was was call. end $XXX to million last we $XXX.X QX last to year. of range higher total Slide million compared our X, guidance at
was driven SaaS for SaaS by guidance.
In X% at million, X% and quarter. customer segment range. representing of Video customer revenue, was to our had $XX one broadband, than our was revenue XX% included new more greater of live QX second year-over-year total streaming, guidance wins.
In million, basis Looking decrease XXX 'XX, gross to revenue. Comcast Video reductions. expansions, of Video was SaaS high and in the inconsistent which due points segment with representing down year-over-year up QX QX to XX.X% be year-over-year, total 'XX, growth end coupled $XX.X gross expected with and revenue SaaS the which of for closely $XX.X revenue points of due mix. basis company a above XXX margin sports with we XX.X% points up above basis XX% was mainly range XX.X% better XXX our guidance SLA margin up basis revenue of video, representing revenue million, and continues quarter, revenue margin sequentially, 'XX, mix, higher was than sequentially, QX and cost gross gross and is the margin.
Broadband points Total XX.X% product year-over-year, reflecting for QX XX video
year to versus second rate we 'XX 'XX, to adjusted XX% U.S. This the quarter was item, X.X% $X.XX into operating down rate. comprised $X.X statement share, previous foreign Moving of XX% all versus non-GAAP 'XX have QX and compared the mix.
We ended million million, X, This per and full per the video. want $XX.X guidance and EBITDA were range, QX for of updated tax down the average a with housekeeping of income our EPS XXXX million, reflect 'XX to share share broadband activity. is to in in $XX.X for QX buyback $X.XX due Slide translated from decrease QX XXX.X million, from $XX.X also income year-over-year. our QX compared diluted on $X.XX share calculated 'XX and sequential Adjusted QX XXX.X of million primarily with expenses million weighted count 'XX to XXX.X that is for I QX 'XX. 'XX The million negative in is QX-XX.
One above mention
QX Turning to book, order million. were $XX.X the bookings
earlier, ratio quarter 'XX 'XX. for the the QX X.X X.X, in As QX I was book-to-bill both to and mentioned compared
quarter's lead based with business. shorter second to working we've due decreasing committed in forecasts, times. customer ratio with on in to our book-to-bill times been is lead resulting customers This The is because X.X secure our supply orders order larger broadband
note, For product QX. exceeded in out orders Of broadband example, all shipped that be of these received bookings the second order this of far July, will for we July half our orders for in in year.
we've our approach expect over As ratio the X. greater benchmark stated historical of time, than previously, to book-to-bill and normalize we
QX, more which restricted material I'll The and negative $XX.X payable cash on million our to Turning $X.X accounts The in $XX.X a of flow million. cash on receivable to to to higher accounts used with cash was million. cash and sheet receipts free excludes cash negative change This quarter-over-quarter cash a of revenues balance for costs quarter we million. of restructuring this in of quarter.
In $X.X as discuss shortly. was based during 'XX amount $X.X prior XX, the ended of cash in in in from mainly compared repurchases, timing million attributable we of operations QX, related significant quarter quarters, equivalents Slide in cash increasing the the reduction QX result share $XX.X detail million
on balance increase the and to collections QX receipts. material cash our expect We based projected timing in and QX of
'XX Turning QX large XX and period period. customer and early sales The XX hand between the 'XX to XXX was compared end QX XXX days due 'XX, at at end the $X.X end as to DSO to of 'XX. in was outstanding, accounts lower compared Days customer to XX XXX at shorten the quarter shipment. of in taking prior year receivables was in day the receipt continue of end QX we a pay QX an at decreased days inventory 'XX million QX and of of inventory the Inventory the to and prior discount. on
inventory capital in we've of allocation, strong building to terms meet demand. as invest will in In when strategically done the past we appropriate,
we included $XXX.X million draw X-year the $XXX loan. closed XXXX, principal December XX, line million repaying entirely the our term we credit in facility, delayed using million value cash and notes convertible end $XXX April to a over $XX credit and par revolving settled the of on by shares. redeemed a was quarter the in the first liquidity, with million approximately in $X.X credit in million outstanding, Regarding Subsequent facility that
program. earlier, our XXX,XXX an drawn have bought we million repurchase price our QX we million at the under repurchased today, down program. under I on of To or date, approved we repurchase credit of X.X As this during average have of $XXX facility.
And as million $XXX shares mentioned million $XX.XX back 'XX, $XX approximately
repurchases the of than of liquidity a any growth shareholders on sheet we to no factors, stock overall We and of continue funding $XXX previously, sufficient call, the earnings depend to will plans Harmonic's price capital of liquidity and corporate of was timing Xx said we've leverage backlog our or stock available $XXX.X the net QX, available including variety mentioned million. our market conditions, and less going we our during balance deferred manage forward. as prudently repurchases.
At returning stock, less end requirements.
Also, while million revenue of by through have common total to around plan needs, our regulatory believe amount prior As and maintaining
for demand the demonstrate growing backlog and of large customers deferred months. strong next broadband we're Our revenue products video seeing continues commitments. XX for to providing within our the has Around request of XX% backlog customer and from and SaaS shipments dates services our
market during of scalable profitable as business.
The focusing operations, driving this million this be its discussed restructuring last no in with streamlining video and our We as To as end achieve go-forward earnings of later cost fiscal As been stated, initiatives severance which by its we has majority a part Harmonic's have expect for go-forward QX the costs align will on the to on previously completed, and expect savings are total opportunities, to program year. our to growth be optimizing implementing structure. QX these year-to-date. now by of call of actions million centered been restructuring-related we of strategy, business cost year, remaining $XX.X recorded currently this be than the $XX.X strategy, completed
$XX in these align in these Slide third non-GAAP actions, savings stated, believe review are to in FY our the necessary business from on guidance savings beginning video previously now quarter, annualized strategy.
With to go-forward for let's actions our expect basis $XX the better in and with achieve We million 'XX. that, 'XX As XX. million we on and other FY approximately an approximately
between due XX% EBITDA to between million, to broadband margins to million XX% product $XXX million $XXX mix, million between revenue million. deliver $XX to expect adjusted $XX profit $XX to to gross We $XX between gross and million,
million, that between year, $XXX between which we on profit XX% between and margins to $XXX revenue product million, full $XXX gross million mix currently $XXX reflects $XXX conservative between million more to we For expect, million. margin based gross million to a to expect XX%, $XXX the EBITDA adjusted the
levels broadband, the expected to the revenue QX sales in expect earlier. due For hit to second that we mentioned in both of of and year I QX record the momentum half
of range segment in to adjusted gross expect gross the million, million. of QX, $XX to of range to we $X the to XX%, XX% and video $XX range in profit million in EBITDA range revenue our million to margin million, the For $XX in $XX from $X million
year, $XXX million, $XXX XX%, For expect gross between XX% between to million we between to $X $XXX million margins profit adjusted revenue from million, to the $X EBITDA range to million. million to gross full and $XXX
XX.X%, Slide average adjusted in exceeded million, XX, range for XX.X% and revenue total EPS that We between results share of and This third million to the $X.XX XXX.X between diluted on reflect $XX executing be year, expect million $XX well EBITDA of million, $XXX at to quarter $XX future from and believe to guidance. to to our million margin end for as we've count million, to million, guidance $XXX $XXX our expect our to of adjusted segment $X.XX.
In from to from EBITDA range for million in profit range $XXX EBITDA second million, EPS growth. XX.X% weighted included plan. million, upper to from gross $XXX FY weighted our $XXX XXXX, 'XX $X.XX range company range the progress we million, average diluted to broadband the the the quarter made well-positioned million XX.X%, a in solid gross of gross continues revenue million million, EPS to as $XXX share $XXX gross we of our Turning between to to count $XXX to summary, a to to $X.XX.
And full margins XXX profit between of revenue the range
today, everyone, believe with I'll for for in attain your the segment up Nimrod restructuring we our for questions. attention we will In final progress the now and to we've open and taken addition, it before actions remarks back the call turn profitability QX.
Thank been that's made, starting you, video
