Harmonic (NASDAQ:HLIT) Releases Q4 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.190-0.230 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $141.0 million-$151.0 million, compared to the consensus revenue estimate of $131.6 million. Harmonic also updated its FY 2026 guidance to 0.800-0.840 EPS.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Harmonic in a research report on Thursday, October 29th. Weiss Ratings upgraded shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Northland Securities set a $17.00 price objective on shares of Harmonic in a report on Thursday, August 13th. Finally, Zacks Research cut Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Three 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.50.

Harmonic Stock Down 0.4%

Shares of HLIT stock opened at $10.19 on Tuesday. Harmonic has a 12 month low of $8.47 and a 12 month high of $17.68. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.11 billion, a PE ratio of -24.26 and a beta of 1.34. The stock has a 50 day moving average of $11.12 and a 200-day moving average of $11.57.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Monday, November 2nd. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The business had revenue of $148.84 million for the quarter, compared to analyst estimates of $129.47 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Harmonic’s revenue was up 64.5% compared to the same quarter last year. On average, equities analysts predict that Harmonic will post 0.53 EPS for the current year.

More Harmonic News

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Third-quarter revenue surged 64% year over year to a record $148.8 million, exceeding the high end of management’s guidance and the $129.47 million analyst consensus. EPS was $0.23, versus expectations of $0.17 and $0.12 a year earlier. Harmonic Announces Third Quarter 2026 Results
• Positive Sentiment: Harmonic raised its full-year 2026 revenue outlook to $545 million-$555 million, its third guidance increase, reinforcing the company’s growth momentum. Management also updated full-year earnings guidance and issued fourth-quarter dividend guidance. Harmonic Provides Dividend and Earnings Guidance
• Positive Sentiment: Rest-of-Market revenue more than doubled year over year and reached a record 46% of total revenue, suggesting progress in diversifying beyond the company’s traditional business. Harmonic Q3 2026 Earnings Call Highlights
• Neutral Sentiment: The earnings call emphasized the next test for the investment case: whether strong revenue converts into sustained bookings and improved cash flow. Investors may seek evidence that the raised outlook is supported by durable demand rather than project timing. Harmonic’s Breakout Quarter and Guidance Raise
• Negative Sentiment: Despite the earnings beat, Harmonic remains unprofitable on a GAAP net-margin basis, which may limit enthusiasm until the company demonstrates stronger bottom-line and cash-flow performance.

Harmonic Company Profile

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video-delivery technologies for communications service providers, content providers and broadcasters. Its solutions help operators deliver high-speed internet, television and streaming services across cable, fiber and other network infrastructures.

The company’s broadband portfolio includes its CableOS platform, a software-based solution designed to support virtualized broadband access networks, along with technologies for DOCSIS, fiber and hybrid fiber-coaxial networks.