Harmonic (NASDAQ:HLIT) Releases Q4 2026 Earnings Guidance

Key Points

• Harmonic raised its Q4 2026 outlook to EPS of $0.19–$0.23 and revenue of $141 million–$151 million, both above analyst consensus estimates of $0.12 EPS and $131.6 million in revenue. Full-year EPS guidance was updated to $0.80–$0.84.
• The company’s latest quarter significantly exceeded expectations, with revenue up 64.5% year over year to $148.84 million and EPS of $0.23 versus the $0.17 consensus estimate.
• Despite strong growth and raised guidance, Harmonic remains GAAP-unprofitable, while analysts’ consensus rating is Hold with an average price target of $17.50; shares opened at $10.19, down 0.4%.

Harmonic (NASDAQ:HLIT - Get Free Report) updated its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.190-0.230 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $141.0 million-$151.0 million, compared to the consensus revenue estimate of $131.6 million. Harmonic also updated its FY 2026 guidance to 0.800-0.840 EPS.

Harmonic Stock Down 0.4%

Harmonic stock opened at $10.19 on Tuesday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -24.26 and a beta of 1.34. The company has a current ratio of 3.05, a quick ratio of 2.56 and a debt-to-equity ratio of 0.30. The company's 50-day moving average price is $11.12 and its two-hundred day moving average price is $11.57. Harmonic has a 52 week low of $8.47 and a 52 week high of $17.68.

Harmonic (NASDAQ:HLIT - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The communications equipment provider reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.06. The company had revenue of $148.84 million during the quarter, compared to analyst estimates of $129.47 million. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The business's revenue for the quarter was up 64.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 EPS. On average, analysts expect that Harmonic will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HLIT shares. Zacks Research cut shares of Harmonic from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 24th. Needham & Company LLC restated a "buy" rating on shares of Harmonic in a report on Thursday, August 13th. Northland Securities set a $17.00 price objective on shares of Harmonic in a research note on Thursday, August 13th. Wall Street Zen cut shares of Harmonic from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Barclays raised 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. Three 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.50.

Key Harmonic News

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Third-quarter revenue surged 64% year over year to a record $148.8 million, exceeding the high end of management’s guidance and the $129.47 million analyst consensus. EPS was $0.23, versus expectations of $0.17 and $0.12 a year earlier. Harmonic Announces Third Quarter 2026 Results
• Positive Sentiment: Harmonic raised its full-year 2026 revenue outlook to $545 million-$555 million, its third guidance increase, reinforcing the company’s growth momentum. Management also updated full-year earnings guidance and issued fourth-quarter dividend guidance. Harmonic Provides Dividend and Earnings Guidance
• Positive Sentiment: Rest-of-Market revenue more than doubled year over year and reached a record 46% of total revenue, suggesting progress in diversifying beyond the company’s traditional business. Harmonic Q3 2026 Earnings Call Highlights
• Neutral Sentiment: The earnings call emphasized the next test for the investment case: whether strong revenue converts into sustained bookings and improved cash flow. Investors may seek evidence that the raised outlook is supported by durable demand rather than project timing. Harmonic’s Breakout Quarter and Guidance Raise
• Negative Sentiment: Despite the earnings beat, Harmonic remains unprofitable on a GAAP net-margin basis, which may limit enthusiasm until the company demonstrates stronger bottom-line and cash-flow performance.

Harmonic Company Profile

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.

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