Harmonic (NASDAQ:HLIT) Updates Q2 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its second quarter 2026 earnings guidance on Monday. The company provided earnings per share guidance of 0.150-0.190 for the period, compared to the consensus earnings per share estimate of 0.070. The company issued revenue guidance of $115.0 million-$125.0 million, compared to the consensus revenue estimate of $112.1 million. Harmonic also updated its FY 2026 guidance to 0.570-0.670 EPS.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings cut Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Rosenblatt Securities reissued a “buy” rating and set a $16.00 target price on shares of Harmonic in a report on Friday, March 27th. Northland Securities set a $14.00 target price on Harmonic in a report on Friday, February 20th. Finally, Needham & Company LLC boosted their target price on Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.50.

Harmonic Price Performance

Shares of NASDAQ:HLIT opened at $12.83 on Tuesday. Harmonic has a 12 month low of $7.80 and a 12 month high of $13.09. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -32.90 and a beta of 1.24. The stock’s 50 day moving average price is $10.06 and its 200 day moving average price is $10.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 2.26.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business had revenue of ($53.02) million during the quarter, compared to analyst estimates of $140.98 million. Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The company’s quarterly revenue was down 42.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Equities research analysts anticipate that Harmonic will post 0.35 earnings per share for the current fiscal year.

Harmonic News Summary

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Harmonic beat first-quarter expectations, reporting earnings of $0.21 per share versus the $0.12 consensus, while revenue of $121.69 million also topped estimates. Harmonic earnings report and transcript
• Positive Sentiment: The company raised its outlook, guiding second-quarter EPS to $0.15-$0.19 and FY 2026 EPS to $0.57-$0.67, both above analyst expectations. Harmonic guidance update
• Positive Sentiment: Pre-market trading turned sharply higher after the earnings beat and guidance increase, and the stock also reached a new 52-week high, signaling strong investor confidence. Benzinga premarket movers article

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its position in Harmonic by 33.4% in the fourth quarter. Hsbc Holdings PLC now owns 30,266 shares of the communications equipment provider’s stock worth $299,000 after buying an additional 7,583 shares during the last quarter. Invesco Ltd. grew its position in Harmonic by 4.3% in the fourth quarter. Invesco Ltd. now owns 537,329 shares of the communications equipment provider’s stock worth $5,314,000 after buying an additional 22,253 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Harmonic in the fourth quarter worth approximately $117,000. Summit Global Investments grew its position in Harmonic by 67.6% in the fourth quarter. Summit Global Investments now owns 86,740 shares of the communications equipment provider’s stock worth $858,000 after buying an additional 34,980 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its position in Harmonic by 43.9% in the fourth quarter. State of Tennessee Department of Treasury now owns 97,909 shares of the communications equipment provider’s stock worth $952,000 after buying an additional 29,853 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

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.