Harmonic (NASDAQ:HLIT) Issues Q3 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.150-0.190 for the period, compared to the consensus EPS estimate of 0.100. The company issued revenue guidance of $125.0 million-$135.0 million, compared to the consensus revenue estimate of $120.3 million. Harmonic also updated its FY 2026 guidance to 0.670-0.750 EPS.

Harmonic Price Performance

Shares of HLIT opened at $12.00 on Thursday. The firm has a market capitalization of $1.30 billion, a PE ratio of -32.43 and a beta of 1.32. The company’s 50-day moving average is $13.34 and its 200-day moving average is $11.76. Harmonic has a fifty-two week low of $8.47 and a fifty-two week high of $17.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.27 and a quick ratio of 2.03.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Harmonic in a report on Monday, June 15th. Weiss Ratings raised Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Jefferies Financial Group reissued a “hold” rating and set a $15.00 price target on shares of Harmonic in a report on Tuesday, May 12th. Northland Securities set a $15.00 price target on Harmonic in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.60.

Harmonic News Summary

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Harmonic reported adjusted earnings of $0.24 per share, ahead of the $0.17 consensus estimate and up from $0.09 a year earlier. Revenue reached $133.46 million, surpassing estimates of $120.89 million and increasing 53.5% year over year. Harmonic Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Full-year guidance was raised above analyst expectations. Harmonic now expects fiscal 2026 earnings per share of $0.67 to $0.75, versus the $0.40 consensus estimate, and revenue of $505 million to $525 million, compared with expectations of $486.8 million. Harmonic Q2 2026 Earnings Call Transcript
• Positive Sentiment: Third-quarter projections also exceeded consensus. Management forecasts EPS of $0.15 to $0.19 and revenue of $125 million to $135 million, above analyst estimates of $0.10 and $120.3 million, respectively.
• Neutral Sentiment: The stock’s technical position is mixed. HLIT’s quoted opening level was below its 50-day moving average of $13.34 but above its 200-day average of $11.76, suggesting near-term weakness has not fully overturned the longer-term recovery trend.
• Negative Sentiment: Harmonic delayed its quarterly filing. The company submitted a Form 12b-25 notification after the sale of a business, which may prompt investor caution until the filing is completed and the transaction’s accounting implications are clearer. Harmonic Delays Quarterly Filing After Business Sale

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Inspire Investing LLC grew its position in Harmonic by 5.4% during the fourth quarter. Inspire Investing LLC now owns 47,233 shares of the communications equipment provider’s stock valued at $467,000 after buying an additional 2,428 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Harmonic by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock valued at $630,000 after acquiring an additional 2,853 shares during the period. Royal Bank of Canada grew its position in shares of Harmonic by 64.6% during the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after acquiring an additional 3,000 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Harmonic by 3.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 108,216 shares of the communications equipment provider’s stock worth $1,071,000 after purchasing an additional 3,508 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Harmonic by 6.4% in the 3rd quarter. Sei Investments Co. now owns 72,220 shares of the communications equipment provider’s stock worth $735,000 after purchasing an additional 4,332 shares during the period. 99.38% of the stock is owned by institutional investors.

About Harmonic

Harmonic Inc (NASDAQ:HLIT) is a leading provider of video delivery infrastructure that enables service providers, broadcasters and content owners to capture, process and distribute high?quality video across broadcast, cable, satellite and IP networks. The company’s portfolio spans real?time video compression solutions, including encoders and transcoders, as well as storage and server products designed for live production, playout and streaming on any device.

Harmonic’s product lines include cable edge QAM modules and set?top video processing platforms for traditional pay?TV operators, alongside cloud?native software for over?the?top (OTT) delivery, origin servers and content delivery network (CDN) services.