Harmonic (NASDAQ:HLIT) Releases FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.800-0.840 for the period, compared to the consensus EPS estimate of 0.500. The company issued revenue guidance of $545.0 million-$555.0 million, compared to the consensus revenue estimate of $517.0 million. Harmonic also updated its Q4 2026 guidance to 0.190-0.230 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $19.00 price target on shares of Harmonic in a research note on Thursday, August 13th. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price objective on shares of Harmonic in a report on Thursday, October 29th. Weiss Ratings raised Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Needham & Company LLC restated a “buy” rating on shares of Harmonic in a research note on Thursday, August 13th. Finally, Wall Street Zen downgraded Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Harmonic has an average rating of “Hold” and an average target price of $17.50.

Harmonic Stock Performance

HLIT stock opened at $10.19 on Tuesday. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -24.26 and a beta of 1.34. Harmonic has a 12 month low of $8.47 and a 12 month high of $17.68. The firm has a 50 day moving average of $11.12 and a two-hundred day moving average of $11.57.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Monday, November 2nd. The communications equipment provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $148.84 million for the quarter, compared to the consensus estimate of $129.47 million. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. Harmonic’s revenue for the quarter was up 64.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. As a group, equities analysts anticipate that Harmonic will post 0.53 EPS for the current fiscal year.

Key Headlines Impacting Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Third-quarter revenue surged 64% year over year to a record $148.8 million, exceeding the high end of management’s guidance and the $129.47 million analyst consensus. EPS was $0.23, versus expectations of $0.17 and $0.12 a year earlier. Harmonic Announces Third Quarter 2026 Results
• Positive Sentiment: Harmonic raised its full-year 2026 revenue outlook to $545 million-$555 million, its third guidance increase, reinforcing the company’s growth momentum. Management also updated full-year earnings guidance and issued fourth-quarter dividend guidance. Harmonic Provides Dividend and Earnings Guidance
• Positive Sentiment: Rest-of-Market revenue more than doubled year over year and reached a record 46% of total revenue, suggesting progress in diversifying beyond the company’s traditional business. Harmonic Q3 2026 Earnings Call Highlights
• Neutral Sentiment: The earnings call emphasized the next test for the investment case: whether strong revenue converts into sustained bookings and improved cash flow. Investors may seek evidence that the raised outlook is supported by durable demand rather than project timing. Harmonic’s Breakout Quarter and Guidance Raise
• Negative Sentiment: Despite the earnings beat, Harmonic remains unprofitable on a GAAP net-margin basis, which may limit enthusiasm until the company demonstrates stronger bottom-line and cash-flow performance.

About Harmonic

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video-delivery technologies for communications service providers, content providers and broadcasters. Its solutions help operators deliver high-speed internet, television and streaming services across cable, fiber and other network infrastructures.

The company’s broadband portfolio includes its CableOS platform, a software-based solution designed to support virtualized broadband access networks, along with technologies for DOCSIS, fiber and hybrid fiber-coaxial networks.