Harmonic (HLIT) to Release Earnings on Monday

Harmonic (NASDAQ:HLIT) is expected to be posting its Q1 2026 results after the market closes on Monday, May 11th. Analysts expect Harmonic to post earnings of $0.12 per share and revenue of $102.21 million for the quarter. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Interested persons may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Monday, May 11, 2026 at 5:00 PM ET.

Harmonic (NASDAQ:HLIT) last issued its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of ($53.02) million during the quarter, compared to the consensus estimate of $140.98 million. Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The company’s revenue for the quarter was down 42.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, analysts expect Harmonic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Harmonic Trading Up 4.3%

Shares of HLIT stock opened at $12.81 on Friday. The company has a market cap of $1.39 billion, a P/E ratio of -32.85 and a beta of 1.24. The stock has a 50 day simple moving average of $9.96 and a two-hundred day simple moving average of $10.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50. Harmonic has a fifty-two week low of $7.80 and a fifty-two week high of $12.88.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HLIT. Needham & Company LLC lifted their target price on Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Weiss Ratings downgraded Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $16.00 target price on shares of Harmonic in a report on Friday, March 27th. Finally, Northland Securities set a $14.00 target price on Harmonic in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.50.

Institutional Investors Weigh In On Harmonic

Several hedge funds and other institutional investors have recently modified their holdings of HLIT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Harmonic by 4.5% during the first 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 valued at $3,390,000 after acquiring an additional 31,276 shares in the last quarter. Jane Street Group LLC increased its holdings 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 valued at $2,373,000 after acquiring an additional 224,534 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Harmonic by 239.3% during 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 acquiring an additional 78,214 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Harmonic during the second quarter valued at approximately $1,426,000. 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.