Harmonic (NASDAQ:HLIT) Updates FY 2026 Earnings Guidance

Key Points

• Harmonic raised or reaffirmed strong FY 2026 guidance, forecasting EPS of $0.67–$0.75 and revenue of $505 million–$525 million, both above analyst consensus estimates of $0.40 EPS and $486.8 million revenue. Q3 2026 EPS guidance was set at $0.15–$0.19.
• The company’s latest quarterly results exceeded expectations, with EPS of $0.24 versus the $0.17 consensus and revenue of $133.46 million compared with estimates of $120.89 million.
• Analysts maintain a consensus “Hold” rating with a $16.60 target price, while institutional investors own 99.38% of Harmonic’s shares. The stock traded near $12, below the consensus target.

Harmonic (NASDAQ:HLIT - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.670-0.750 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of $505.0 million-$525.0 million, compared to the consensus revenue estimate of $486.8 million. Harmonic also updated its Q3 2026 guidance to 0.150-0.190 EPS.

Harmonic Price Performance

HLIT traded up $0.55 during trading on Wednesday, reaching $12.00. The company's stock had a trading volume of 2,584,785 shares, compared to its average volume of 1,899,600. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -32.43 and a beta of 1.32. The firm has a fifty day simple moving average of $13.39 and a two-hundred day simple moving average of $11.75. Harmonic has a 1 year low of $8.47 and a 1 year high of $17.68. The company has a quick ratio of 2.03, a current ratio of 2.27 and a debt-to-equity ratio of 0.31.

Harmonic (NASDAQ:HLIT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.07. Harmonic had a positive return on equity of 7.84% and a negative net margin of 7.50%.The business had revenue of $133.46 million during the quarter, compared to analyst estimates of $120.89 million. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. As a group, analysts anticipate that Harmonic will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HLIT shares. Northland Securities set a $15.00 price target on shares of Harmonic in a research report on Tuesday, May 12th. Zacks Research lowered shares of Harmonic from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Weiss Ratings raised shares of Harmonic from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, July 17th. Needham & Company LLC lifted their price target on shares of Harmonic from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price objective on shares of Harmonic in a report on Monday, June 15th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Harmonic presently has a consensus rating of "Hold" and a consensus target price of $16.60.

Insider Activity at Harmonic

In related news, Director Stephanie Copeland sold 4,300 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $13.30, for a total transaction of $57,190.00. Following the completion of the transaction, the director owned 20,752 shares of the company's stock, valued at approximately $276,001.60. This trade represents a 17.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.74% of the company's stock.

Institutional Investors Weigh In On Harmonic

Institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Harmonic by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider's stock valued at $630,000 after acquiring an additional 2,853 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Harmonic by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider's stock worth $3,390,000 after purchasing an additional 31,276 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Harmonic by 978.5% during the first quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider's stock worth $2,373,000 after purchasing an additional 224,534 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Harmonic by 239.3% in the second quarter. American Century Companies Inc. now owns 110,892 shares of the communications equipment provider's stock valued at $1,050,000 after purchasing an additional 78,214 shares during the period. Finally, Norges Bank purchased a new position in shares of Harmonic in the second quarter valued at approximately $1,426,000. 99.38% of the stock is 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.

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