Harmonic (NASDAQ:HLIT) Issues FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 0.570-0.670 for the period, compared to the consensus EPS 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 Stock Performance

Harmonic stock traded up $0.02 during mid-day trading on Monday, reaching $12.83. 2,839,850 shares of the company’s stock were exchanged, compared to its average volume of 1,142,890. The business’s fifty day simple moving average is $9.96 and its 200 day simple moving average is $10.03. The company has a quick ratio of 2.26, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. Harmonic has a one year low of $7.80 and a one year high of $13.09. The firm has a market capitalization of $1.39 billion, a PE ratio of -32.90 and a beta of 1.24.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Monday, May 11th. The communications equipment provider reported $0.21 earnings per share (EPS) 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. On average, sell-side analysts expect that Harmonic will post 0.35 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Harmonic

A number of institutional investors have recently modified their holdings of HLIT. State Street Corp boosted its holdings in Harmonic by 1.8% in the 4th quarter. State Street Corp now owns 4,471,187 shares of the communications equipment provider’s stock worth $44,220,000 after buying an additional 80,791 shares during the period. Dimensional Fund Advisors LP raised its holdings in Harmonic by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,485,105 shares of the communications equipment provider’s stock valued at $34,468,000 after acquiring an additional 24,062 shares during the period. Alliancebernstein L.P. lifted its position in shares of Harmonic by 2.9% during the third quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider’s stock worth $24,503,000 after acquiring an additional 68,921 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Harmonic by 10.8% during the third quarter. Marshall Wace LLP now owns 2,132,625 shares of the communications equipment provider’s stock worth $21,710,000 after acquiring an additional 207,476 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Harmonic by 9.5% in the third quarter. Alyeska Investment Group L.P. now owns 2,013,804 shares of the communications equipment provider’s stock worth $20,501,000 after acquiring an additional 174,203 shares during the period. 99.38% of the stock is currently owned by hedge funds and other 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.