Harmonic (NASDAQ:HLIT) Updates FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.670-0.750 for the period, compared to the consensus EPS 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 Stock Up 4.8%

Shares of Harmonic stock traded up $0.55 during trading hours on Wednesday, reaching $12.00. 2,584,785 shares of the company were exchanged, compared to its average volume of 1,899,600. Harmonic has a 1 year low of $8.47 and a 1 year high of $17.68. The stock’s fifty day moving average is $13.39 and its 200 day moving average is $11.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.03 and a current ratio of 2.27. The firm has a market cap of $1.30 billion, a PE ratio of -32.43 and a beta of 1.32.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Harmonic will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $15.00 target price on shares of Harmonic in a report on Tuesday, May 12th. Zacks Research downgraded shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Northland Securities set a $15.00 price target on shares of Harmonic in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. 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, the stock presently has a consensus rating of “Hold” and an average price target of $16.60.

Insiders Place Their Bets

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

Institutional Trading of Harmonic

Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership boosted its stake in Harmonic by 290.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 980,484 shares of the communications equipment provider’s stock worth $9,981,000 after purchasing an additional 729,269 shares during the period. Walleye Capital LLC acquired a new position in Harmonic in the fourth quarter valued at $7,182,000. Lazard Asset Management LLC increased its stake in Harmonic by 249.1% in the second quarter. Lazard Asset Management LLC now owns 718,996 shares of the communications equipment provider’s stock valued at $6,808,000 after purchasing an additional 513,022 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Harmonic by 37.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,371,746 shares of the communications equipment provider’s stock valued at $12,990,000 after buying an additional 371,302 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Harmonic by 99.5% during the second quarter. AQR Capital Management LLC now owns 711,638 shares of the communications equipment provider’s stock worth $6,739,000 after buying an additional 354,845 shares during the period. Hedge funds and other 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.