Harmonic (NASDAQ:HLIT) Releases FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.570-0.670 for the period, compared to the consensus estimate of 0.520. The company issued revenue guidance of $475.0 million-$495.0 million, compared to the consensus revenue estimate of $465.7 million. Harmonic also updated its Q2 2026 guidance to 0.150-0.190 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Needham & Company LLC upped their price objective on Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Weiss Ratings downgraded Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Northland Securities set a $14.00 price objective on Harmonic in a report on Friday, February 20th. Finally, Rosenblatt Securities restated a “buy” rating and set a $16.00 price objective on shares of Harmonic in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.50.

Harmonic Stock Up 0.2%

Shares of NASDAQ HLIT opened at $12.83 on Tuesday. Harmonic has a 12-month low of $7.80 and a 12-month high of $13.09. The company has a market cap of $1.39 billion, a P/E ratio of -32.90 and a beta of 1.24. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $10.06 and a 200 day moving average price of $10.06.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The company had revenue of ($53.02) million during the quarter, compared to analyst estimates of $140.98 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was down 42.6% on a year-over-year basis. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Research analysts anticipate that Harmonic will post 0.35 EPS for the current fiscal year.

Harmonic News Roundup

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Harmonic beat first-quarter expectations, reporting earnings of $0.21 per share versus the $0.12 consensus, while revenue of $121.69 million also topped estimates. Harmonic earnings report and transcript
• Positive Sentiment: The company raised its outlook, guiding second-quarter EPS to $0.15-$0.19 and FY 2026 EPS to $0.57-$0.67, both above analyst expectations. Harmonic guidance update
• Positive Sentiment: Pre-market trading turned sharply higher after the earnings beat and guidance increase, and the stock also reached a new 52-week high, signaling strong investor confidence. Benzinga premarket movers article

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HLIT. iSAM Funds UK Ltd acquired a new stake in shares of Harmonic during the third quarter valued at about $49,000. Royal Bank of Canada grew its stake in shares of Harmonic by 64.6% during the fourth 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 in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Harmonic during the fourth quarter valued at about $90,000. Russell Investments Group Ltd. grew its stake in shares of Harmonic by 23,297.5% during the third quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock valued at $95,000 after acquiring an additional 9,319 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new stake in shares of Harmonic during the fourth quarter valued at about $107,000. 99.38% of the stock is owned by institutional investors and hedge funds.

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.