Harmonic (NASDAQ:HLIT) Releases FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.800-0.840 for the period, compared to the consensus estimate of 0.500. The company issued revenue guidance of $545.0 million-$555.0 million, compared to the consensus revenue estimate of $517.0 million. Harmonic also updated its Q4 2026 guidance to 0.190-0.230 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HLIT. Weiss Ratings raised shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Zacks Research lowered Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Needham & Company LLC restated a “buy” rating on shares of Harmonic in a research report on Thursday, August 13th. Barclays decreased their target price on Harmonic from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Northland Securities set a $17.00 price target on Harmonic in a report on Thursday, August 13th. Three investment 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, the company currently has a consensus rating of “Hold” and a consensus price target of $17.17.

Harmonic Price Performance

NASDAQ:HLIT traded up $0.64 during midday trading on Tuesday, hitting $10.83. The company had a trading volume of 889,263 shares, compared to its average volume of 1,804,905. The company has a market capitalization of $1.18 billion, a PE ratio of -25.68 and a beta of 1.34. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. Harmonic has a 52-week low of $8.47 and a 52-week high of $17.68. The stock’s fifty day moving average price is $11.12 and its 200-day moving average price is $11.57.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Monday, November 2nd. The communications equipment provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%. The business had revenue of $148.84 million for the quarter, compared to the consensus estimate of $129.47 million. During the same quarter last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 64.5% on a year-over-year basis. As a group, research analysts expect that Harmonic will post 0.53 earnings per share for the current year.

Harmonic News Summary

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Q3 results exceeded expectations: Harmonic reported adjusted EPS of $0.23, above the $0.17 consensus estimate, while revenue rose 64% year over year to $148.8 million, surpassing the $129.5 million analyst forecast. EPS also increased from $0.12 in the prior-year quarter. Harmonic Announces Third Quarter 2026 Results
• Positive Sentiment: Management raised its outlook: Full-year 2026 EPS guidance was set at $0.80-$0.84, well above the $0.50 consensus, while revenue guidance of $545 million-$555 million exceeded the $517 million analyst estimate. Fourth-quarter EPS guidance of $0.19-$0.23 and revenue guidance of $141 million-$151 million also came in above consensus estimates of $0.12 and $131.6 million, respectively.
• Positive Sentiment: Growth broadened beyond the core business: Rest-of-Market revenue more than doubled year over year and reached a record 46% of total revenue, supporting management’s stronger full-year outlook. Harmonic Q3 Earnings Results
• Neutral Sentiment: Harmonic also provided fourth-quarter 2026 dividend guidance, giving investors additional information about expected shareholder returns, although the supplied reports did not specify the payment amount.
• Negative Sentiment: The strong quarter leaves future bookings and cash-flow conversion as key tests. Investors may be taking a cautious view of whether the breakout growth and higher guidance can continue, which could help explain the stock’s decrease even after the earnings beat. Harmonic also continues to report a negative net margin.

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.