FY2026 EPS Estimates for Harmonic Lifted by Wolfe Research

Key Points

• Wolfe Research raised Harmonic’s FY2026 EPS estimate to $0.51 from $0.49, slightly above the $0.50 analyst consensus. The firm also provided quarterly and annual EPS forecasts through FY2028.
• Harmonic’s latest quarterly results exceeded expectations, with EPS of $0.24 versus the $0.17 consensus and revenue of $133.46 million, up 53.5% year over year. The company guided to FY2026 EPS of $0.67–$0.75.
• Analyst sentiment remains mixed, with three Buy, three Hold, and one Sell rating, producing an overall “Hold” rating and an average price target of $17.50. Institutional investors own 99.38% of the stock, which recently opened at $11.60.

Harmonic Inc. (NASDAQ:HLIT - Free Report) - Equities research analysts at Wolfe Research raised their FY2026 earnings estimates for shares of Harmonic in a report released on Monday, August 31st. Wolfe Research analyst G. Notter now forecasts that the communications equipment provider will post earnings of $0.51 per share for the year, up from their previous forecast of $0.49. The consensus estimate for Harmonic's current full-year earnings is $0.50 per share. Wolfe Research also issued estimates for Harmonic's Q4 2026 earnings at $0.11 EPS, Q1 2027 earnings at $0.10 EPS, Q2 2027 earnings at $0.11 EPS, Q3 2027 earnings at $0.12 EPS, Q4 2027 earnings at $0.14 EPS, FY2027 earnings at $0.48 EPS and FY2028 earnings at $0.45 EPS.

HLIT has been the subject of several other research reports. Needham & Company LLC reissued a "buy" rating on shares of Harmonic in a report on Thursday, August 13th. Barclays boosted their target price on shares of Harmonic from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. Jefferies Financial Group reaffirmed a "hold" rating and set a $15.00 price target on shares of Harmonic in a research report on Tuesday, May 12th. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price target on shares of Harmonic in a research note on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of Harmonic from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, August 20th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $17.50.

Harmonic Stock Down 1.6%

HLIT stock opened at $11.60 on Friday. 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 business has a 50 day moving average price of $12.67 and a two-hundred day moving average price of $12.03. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -27.62 and a beta of 1.32. Harmonic has a twelve month low of $8.47 and a twelve month high of $17.68.

Harmonic (NASDAQ:HLIT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%.The company had revenue of $133.46 million during the quarter, compared to analysts' expectations of $120.89 million. During the same quarter last year, the company earned $0.09 EPS. Harmonic's revenue for the quarter was up 53.5% compared to the same quarter last year. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HLIT. BlackRock Inc. acquired a new position in shares of Harmonic during the 2nd quarter worth approximately $294,012,000. Vanguard Group Inc. boosted its position in Harmonic by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 12,022,963 shares of the communications equipment provider's stock worth $118,907,000 after purchasing an additional 148,281 shares during the period. State Street Corp boosted its position in Harmonic by 1.8% during the fourth quarter. State Street Corp now owns 4,471,187 shares of the communications equipment provider's stock worth $44,220,000 after purchasing an additional 80,791 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Harmonic by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider's stock valued at $32,987,000 after purchasing an additional 188,293 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Harmonic by 2.9% in the third quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider's stock valued at $24,503,000 after purchasing an additional 68,921 shares during the last quarter. 99.38% of the stock is currently owned by institutional investors.

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.

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