Harmonic (NASDAQ:HLIT) Issues Q1 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its first quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.110-0.120 for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of $100.0 million-$105.0 million, compared to the consensus revenue estimate of $141.4 million. Harmonic also updated its FY 2026 guidance to 0.460-0.630 EPS.

Analyst Upgrades and Downgrades

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

Harmonic Price Performance

Shares of NASDAQ:HLIT traded up $0.32 during midday trading on Friday, reaching $11.05. 717,718 shares of the company were exchanged, compared to its average volume of 937,587. The stock has a market cap of $1.24 billion, a PE ratio of 26.32 and a beta of 1.05. The business’s fifty day moving average is $10.11 and its two-hundred day moving average is $9.93. Harmonic has a one year low of $7.80 and a one year high of $12.18. The company has a current ratio of 2.08, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27.

Insider Activity

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

Trending Headlines about Harmonic

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 modified their holdings of HLIT. Arrowstreet Capital Limited Partnership grew its holdings in shares of Harmonic by 290.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 980,484 shares of the communications equipment provider’s stock valued at $9,981,000 after purchasing an additional 729,269 shares in the last quarter. Walleye Capital LLC bought a new position in Harmonic during the fourth quarter valued at $7,182,000. Lazard Asset Management LLC grew its stake in shares of Harmonic by 249.1% in the 2nd quarter. Lazard Asset Management LLC now owns 718,996 shares of the communications equipment provider’s stock worth $6,808,000 after buying an additional 513,022 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Harmonic by 37.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,371,746 shares of the communications equipment provider’s stock worth $12,990,000 after buying an additional 371,302 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Harmonic by 99.5% in the 2nd 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 last quarter. 99.38% of the stock is currently owned by institutional investors.

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.