Harmonic (NASDAQ:HLIT) Issues Q3 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.150-0.190 for the period, compared to the consensus estimate of 0.100. The company issued revenue guidance of $125.0 million-$135.0 million, compared to the consensus revenue estimate of $120.3 million. Harmonic also updated its FY 2026 guidance to 0.670-0.750 EPS.

Wall Street Analyst Weigh In

HLIT has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating on shares of Harmonic in a report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and set a $15.00 target price on shares of Harmonic in a research note on Tuesday, May 12th. Barclays lifted their price target on shares of Harmonic from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday. Weiss Ratings raised shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $19.00 target price on shares of Harmonic in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Harmonic presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Harmonic Price Performance

Shares of HLIT stock opened at $13.08 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.27 and a quick ratio of 2.03. The company has a market capitalization of $1.42 billion, a P/E ratio of -31.14 and a beta of 1.32. The company’s 50-day simple moving average is $13.30 and its two-hundred day simple moving average is $11.78. Harmonic has a one year low of $8.47 and a one year high of $17.68.

Trending Headlines about Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Harmonic reported second-quarter earnings of $0.24 per share, beating the $0.17 consensus estimate and rising from $0.09 a year earlier. Revenue reached $133.46 million, 53.5% above the prior-year quarter and well ahead of expectations near $121 million. Harmonic Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: The company issued stronger-than-expected 2026 guidance, calling for full-year EPS of $0.67–$0.75 versus consensus of $0.40 and revenue of $505 million–$525 million versus expectations of $486.8 million. Third-quarter EPS and revenue guidance also exceeded analyst estimates. Harmonic Earnings Results
• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and set a $20 price target, implying substantial potential upside from the referenced share price. Rosenblatt Securities Rating
• Positive Sentiment: Investors purchased approximately 3,305 call options, about 50% above typical call volume, suggesting increased speculative bullish interest. However, options activity does not guarantee sustained buying in the stock.
• Neutral Sentiment: CEO Nimrod Ben-Natan and CFO Walter Jankovic will meet with investors at the Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 25. The event could provide additional visibility, but it does not immediately change fundamentals. Harmonic Investor Conference Announcement
• Negative Sentiment: Harmonic delayed its quarterly filing by submitting a Form 12b-25 after a business sale. While a filing extension is not necessarily evidence of an accounting problem, it introduces an element of uncertainty for investors. Harmonic Delays Quarterly Filing

Institutional Investors Weigh In On Harmonic

A number of institutional investors have recently added to or reduced their stakes in HLIT. iSAM Funds UK Ltd purchased a new stake in Harmonic during the third quarter valued at approximately $49,000. Royal Bank of Canada grew its holdings in Harmonic by 64.6% in the fourth quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock worth $75,000 after purchasing an additional 3,000 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Harmonic during the fourth quarter worth $90,000. Russell Investments Group Ltd. increased its position 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 worth $95,000 after purchasing an additional 9,319 shares in the last quarter. Finally, Twinbeech Capital LP purchased a new stake in shares of Harmonic during the 4th quarter valued at $107,000. Institutional investors own 99.38% of the company’s stock.

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.