Harmonic (NASDAQ:HLIT) Issues FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.570-0.670 for the period, compared to the consensus earnings per share estimate of 0.520. The company issued revenue guidance of $475.0 million-$495.0 million, compared to the consensus revenue estimate of $465.7 million. Harmonic also updated its Q2 2026 guidance to 0.150-0.190 EPS.

Harmonic Price Performance

Harmonic stock traded up $0.02 during mid-day trading on Monday, reaching $12.83. 2,882,335 shares of the company were exchanged, compared to its average volume of 1,145,249. The company has a fifty day simple moving average of $9.96 and a 200-day simple moving average of $10.03. Harmonic has a 12 month low of $7.80 and a 12 month high of $13.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 2.26. The firm has a market cap of $1.39 billion, a PE ratio of -32.90 and a beta of 1.24.

Harmonic (NASDAQ:HLIT) last released its earnings results on Monday, May 11th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.09. The firm had revenue of $121.70 million during the quarter, compared to the consensus estimate of $102.21 million. Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.Harmonic has set its FY 2026 guidance at 0.570-0.670 EPS and its Q2 2026 guidance at 0.150-0.190 EPS. As a group, equities research analysts expect that Harmonic will post 0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HLIT. State Street Corp boosted its holdings in shares of Harmonic by 1.8% during 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 acquiring an additional 80,791 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Harmonic by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,485,105 shares of the communications equipment provider’s stock worth $34,468,000 after purchasing an additional 24,062 shares in the last quarter. Alliancebernstein L.P. raised its position in Harmonic by 2.9% in the third quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider’s stock valued at $24,503,000 after purchasing an additional 68,921 shares during the last quarter. Marshall Wace LLP raised its position in Harmonic by 10.8% in the third 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 during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Harmonic by 9.5% during the third 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.

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.