Harmonic (NASDAQ:HLIT) Updates 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.

Harmonic Price Performance

NASDAQ HLIT traded up $0.17 during trading on Thursday, reaching $10.73. 1,246,422 shares of the company traded hands, compared to its average volume of 949,657. 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 stock’s 50 day moving average price is $10.11 and its two-hundred day moving average price is $9.92. Harmonic has a 1-year low of $7.80 and a 1-year high of $11.49. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 25.55 and a beta of 1.05.

Harmonic (NASDAQ:HLIT) last issued its earnings results on Thursday, February 19th. The communications equipment provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. The company had revenue of $98.24 million for the quarter, compared to the consensus estimate of $140.98 million. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. As a group, analysts anticipate that Harmonic will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on HLIT. Barclays raised their price objective on shares of Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.00 target price on shares of Harmonic in a research note on Thursday, February 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Harmonic in a report on Thursday, January 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Harmonic in a research report on Tuesday, December 9th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.33.

Insider Activity

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

Institutional Investors Weigh In On Harmonic

Large investors have recently bought and sold shares of the company. State Street Corp raised its position in shares of Harmonic by 1.8% in the 4th quarter. State Street Corp now owns 4,471,187 shares of the communications equipment provider’s stock valued at $44,220,000 after buying an additional 80,791 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Harmonic by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,485,105 shares of the communications equipment provider’s stock valued at $34,468,000 after purchasing an additional 24,062 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Harmonic by 2.9% during the third quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider’s stock worth $24,503,000 after purchasing an additional 68,921 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Harmonic by 10.8% in the 3rd quarter. Marshall Wace LLP now owns 2,132,625 shares of the communications equipment provider’s stock valued at $21,710,000 after purchasing an additional 207,476 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Harmonic by 9.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,013,804 shares of the communications equipment provider’s stock valued at $20,501,000 after purchasing an additional 174,203 shares in the last quarter. 99.38% of the stock is currently owned by institutional investors and hedge funds.

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.