Harmonic (NASDAQ:HLIT) Releases 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 Trading Up 9.0%

Shares of HLIT stock opened at $13.08 on Friday. The stock has a market cap of $1.42 billion, a P/E ratio of -31.14 and a beta of 1.32. The company has a quick ratio of 2.03, a current ratio of 2.27 and a debt-to-equity ratio of 0.31. Harmonic has a fifty-two week low of $8.47 and a fifty-two week high of $17.68. The business has a fifty day simple moving average of $13.30 and a 200-day simple moving average of $11.78.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HLIT shares. Northland Securities set a $17.00 target price on shares of Harmonic in a research report on Thursday. Needham & Company LLC reissued a “buy” rating on shares of Harmonic in a research note on Thursday. Raymond James Financial restated an “outperform” rating and set a $19.00 price objective on shares of Harmonic in a research report on Thursday. Wall Street Zen cut Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Barclays boosted their price target on Harmonic from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday. Three 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.50.

Harmonic News Summary

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Harmonic reported second-quarter earnings of $0.24 per share, beating the $0.17 consensus estimate and rising from $0.09 a year earlier. Revenue reached $133.46 million, 53.5% above the prior-year quarter and well ahead of expectations near $121 million. Harmonic Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: The company issued stronger-than-expected 2026 guidance, calling for full-year EPS of $0.67–$0.75 versus consensus of $0.40 and revenue of $505 million–$525 million versus expectations of $486.8 million. Third-quarter EPS and revenue guidance also exceeded analyst estimates. Harmonic Earnings Results
• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and set a $20 price target, implying substantial potential upside from the referenced share price. Rosenblatt Securities Rating
• Positive Sentiment: Investors purchased approximately 3,305 call options, about 50% above typical call volume, suggesting increased speculative bullish interest. However, options activity does not guarantee sustained buying in the stock.
• Neutral Sentiment: CEO Nimrod Ben-Natan and CFO Walter Jankovic will meet with investors at the Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 25. The event could provide additional visibility, but it does not immediately change fundamentals. Harmonic Investor Conference Announcement
• Negative Sentiment: Harmonic delayed its quarterly filing by submitting a Form 12b-25 after a business sale. While a filing extension is not necessarily evidence of an accounting problem, it introduces an element of uncertainty for investors. Harmonic Delays Quarterly Filing

Institutional Trading of Harmonic

Hedge funds have recently added to or reduced their stakes in the business. Man Group plc acquired a new position in shares of Harmonic during the fourth quarter worth about $117,000. Los Angeles Capital Management LLC purchased a new stake in shares of Harmonic during the 4th quarter valued at about $110,000. CIBC Bancorp USA Inc. acquired a new position in Harmonic during the 3rd quarter worth approximately $122,000. Entropy Technologies LP acquired a new position in Harmonic during the 3rd quarter worth approximately $126,000. Finally, Franklin Resources Inc. acquired a new position in Harmonic during the 3rd quarter worth approximately $115,000. 99.38% of the stock is 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.