Harmonic (NASDAQ:HLIT) Issues Q2 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its second quarter 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.150-0.190 for the period, compared to the consensus estimate of 0.070. The company issued revenue guidance of $115.0 million-$125.0 million, compared to the consensus revenue estimate of $112.1 million. Harmonic also updated its FY 2026 guidance to 0.570-0.670 EPS.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HLIT. Barclays increased their price objective on Harmonic from $11.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday. 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 $15.00 price objective on Harmonic in a report on Tuesday. Needham & Company LLC increased their price objective on Harmonic from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Rosenblatt Securities increased their price objective on Harmonic from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.60.

Harmonic Stock Performance

Shares of Harmonic stock opened at $12.95 on Wednesday. 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 business has a 50-day moving average price of $10.10 and a two-hundred day moving average price of $10.08. Harmonic has a 1-year low of $7.80 and a 1-year high of $15.39. The company has a market cap of $1.40 billion, a P/E ratio of -35.00 and a beta of 1.24.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Harmonic had a positive return on equity of 7.52% and a negative net margin of 7.50%.The business had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business’s revenue 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. As a group, analysts anticipate that Harmonic will post 0.35 EPS for the current year.

Key Harmonic News

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Harmonic beat Q1 expectations, reporting EPS of $0.21 versus $0.12 expected and revenue of $121.69 million versus $102.21 million estimated, with sales up 43.4% year over year. Earnings report and transcript
• Positive Sentiment: The company also raised guidance for Q2 and full-year 2026 above Wall Street expectations, signaling confidence in continued growth. Premarket move article
• Positive Sentiment: Analysts turned more constructive after the results, with Needham raising its price target to $18 and Rosenblatt lifting its target to $20, both keeping bullish ratings. Needham and Rosenblatt target hikes
• Positive Sentiment: Investor sentiment was further supported by coverage highlighting strong broadband growth and the stock reaching a new 52-week high. 52-week high article
• Neutral Sentiment: Harmonic’s Q1 earnings call and transcript drew additional attention from investors as they looked for details on broadband demand, supply chain conditions, and the outlook. Earnings call transcript

Institutional Trading of Harmonic

Large investors have recently bought and sold shares of the business. iSAM Funds UK Ltd acquired a new stake in Harmonic during the 3rd quarter worth about $49,000. Royal Bank of Canada grew its holdings in Harmonic by 64.6% during the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock worth $75,000 after acquiring an additional 3,000 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Harmonic during the 4th quarter worth about $90,000. Russell Investments Group Ltd. grew its holdings in Harmonic by 23,297.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock worth $95,000 after acquiring an additional 9,319 shares during the period. Finally, Twinbeech Capital LP bought a new position in shares of Harmonic during the 4th quarter worth about $107,000. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Harmonic Company Profile

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.