Harmonic (NASDAQ:HLIT) Issues FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.800-0.840 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HLIT. Needham & Company LLC restated a “buy” rating on shares of Harmonic in a research report on Thursday, August 13th. Wall Street Zen downgraded Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Zacks Research lowered Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Northland Securities set a $17.00 target price on Harmonic in a report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.83.

Harmonic Trading Up 0.2%

NASDAQ:HLIT opened at $10.21 on Thursday. 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 0.09, a current ratio of 2.43 and a quick ratio of 2.56. The stock has a market capitalization of $1.11 billion, a PE ratio of 20.80 and a beta of 1.37. The business’s 50-day simple moving average is $11.04 and its 200-day simple moving average is $11.57.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Monday, November 2nd. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $148.84 million during the quarter, compared to analyst estimates of $129.47 million. Harmonic had a positive return on equity of 14.73% and a negative net margin of 6.27%. Harmonic’s quarterly revenue was up 64.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. Sell-side analysts expect that Harmonic will post 0.53 earnings per share for the current fiscal year.

Trending Headlines about Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Q3 results topped expectations: adjusted earnings were $0.23 per share versus $0.17 expected, while revenue of $148.84 million exceeded the $129.47 million consensus and rose 64.5% year over year. Read More.
• Positive Sentiment: Harmonic’s Q4 and full-year 2026 guidance came in above analyst consensus. The company forecast Q4 revenue of $141 million–$151 million and EPS of $0.19–$0.23; full-year revenue of $545 million–$555 million and EPS of $0.80–$0.84. Read More.
• Positive Sentiment: Revenue growth beyond major customers Comcast and Spectrum may indicate a broader customer base and reduce reliance on those accounts. Read More.
• Negative Sentiment: A Seeking Alpha analysis argued that the strong quarter was offset by a less compelling growth outlook and cash-flow concerns, highlighting execution risks despite the raised guidance. Read More.
• Negative Sentiment: Jefferies cut its price target from $15 to $13 and maintained a Hold rating; Barclays lowered its target from $16 to $14 and kept an Equal Weight rating. The cuts may signal more cautious expectations, even though both targets remain above the cited share price. Read More. · Read More.

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.