Harmonic (NASDAQ:HLIT) Issues FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.460-0.630 for the period, compared to the consensus estimate of 0.390. The company issued revenue guidance of $440.0 million-$480.0 million, compared to the consensus revenue estimate of $621.7 million. Harmonic also updated its Q1 2026 guidance to 0.110-0.120 EPS.

Analysts Set New Price Targets

HLIT has been the subject of a number of research reports. Rosenblatt Securities upped their price objective on Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday. Needham & Company LLC boosted their target price on Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday. Barclays upped their target price on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.67.

Harmonic Trading Up 3.0%

HLIT traded up $0.32 on Friday, hitting $11.05. 717,718 shares of the company were exchanged, compared to its average volume of 937,587. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 2.08. The firm has a fifty day simple moving average of $10.11 and a two-hundred day simple moving average of $9.93. The stock has a market capitalization of $1.24 billion, a PE ratio of 26.32 and a beta of 1.05. Harmonic has a 12 month low of $7.80 and a 12 month high of $12.18.

Insider Activity at Harmonic

In related news, SVP Neven Haltmayer sold 23,835 shares of Harmonic stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.41, for a total value of $248,122.35. Following the transaction, the senior vice president directly owned 149,570 shares of the company’s stock, valued at $1,557,023.70. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Krall purchased 47,528 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were purchased at an average price of $10.50 per share, with a total value of $499,044.00. Following the completion of the acquisition, the director directly owned 223,125 shares in the company, valued at $2,342,812.50. The trade was a 27.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.21% of the stock is currently owned by company insiders.

Harmonic News Roundup

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Two firms raised price targets and reiterated buy ratings — Rosenblatt lifted its target to $16 and Needham to $17, signaling strong analyst conviction and a sizable implied upside versus the current price. Benzinga: Analyst Upgrades
• Positive Sentiment: Customer win: izzi (Mexico’s largest MSO) selected Harmonic’s cOS virtualized broadband platform for fiber expansion — a commercial validation that should support future broadband bookings and revenue growth. izzi Accelerates Strategic Fiber Broadband Expansion with Harmonic
• Positive Sentiment: Company reported record quarterly Broadband bookings and said the previously announced sale of its Video business is proceeding as planned — positive for strategic focus and potential balance-sheet proceeds. Harmonic Announces Fourth-Quarter and Fiscal 2025 Results
• Neutral Sentiment: Full Q4 earnings call transcript is available for details on management commentary and investor Q&A (useful for digging into drivers behind bookings, margin outlook, and the Video sale). Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market/Sentiment note: an RS rating upgrade was reported (minor sentiment boost). MSN: RS Rating Upgrade
• Negative Sentiment: Revenue shortfall and guidance mismatch: Q4 revenue fell ~42.6% year-over-year to ~ $98.2M (well below Street estimates) and company Q1 and FY2026 revenue guidance ($100–105M Q1; $440–480M FY) is materially below consensus — a key reason for downward pressure despite some EPS beats and strong bookings in Broadband. Zacks: Q4 Earnings and Revenues Lag Estimates
• Negative Sentiment: Mixed headline EPS reads: some outlets show a modest beat (EPS ~$0.14 vs est $0.10) while others reported misses — the key takeaway is revenue weakness, not EPS, is the dominant market focus today. MarketBeat: Q4 Results and Conference Call
• Neutral Sentiment: Short-interest entry in the feed shows anomalous zero/NaN values and is not a reliable signal in this dataset. (No actionable short-squeeze indication from provided data.)

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HLIT. iSAM Funds UK Ltd bought a new stake in shares of Harmonic during the third quarter valued at approximately $49,000. Royal Bank of Canada lifted its position in Harmonic by 64.6% during the fourth quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after buying an additional 3,000 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of Harmonic during the 4th quarter valued at $90,000. Russell Investments Group Ltd. boosted its holdings in shares of 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 valued at $95,000 after buying an additional 9,319 shares in the last quarter. Finally, Twinbeech Capital LP purchased a new stake in shares of Harmonic in the 4th quarter worth about $107,000. Institutional investors own 99.38% of the company’s stock.

About Harmonic

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.