Harmonic (NASDAQ:HLIT) Issues 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.

Analyst Ratings Changes

HLIT has been the topic of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $16.00 price objective on shares of Harmonic in a research report on Friday, March 27th. Northland Securities set a $14.00 target price on shares of Harmonic in a report on Friday, February 20th. Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Finally, Needham & Company LLC raised their price target on shares of Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Harmonic presently has a consensus rating of “Hold” and an average price target of $14.50.

Harmonic Stock Performance

Shares of Harmonic stock traded up $0.02 during trading on Monday, hitting $12.83. 2,882,335 shares of the company’s stock traded hands, compared to its average volume of 1,145,249. Harmonic has a 1 year low of $7.80 and a 1 year high of $13.09. The business has a 50-day simple moving average of $9.96 and a 200-day simple moving average of $10.03. The stock has a market capitalization of $1.39 billion, a P/E ratio of -32.90 and a beta of 1.24. 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 earnings results on Monday, May 11th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.09. The business had revenue of $121.70 million for the quarter, compared to analysts’ expectations of $102.21 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. Harmonic has set its FY 2026 guidance at 0.570-0.670 EPS and its Q2 2026 guidance at 0.150-0.190 EPS. As a group, analysts forecast that Harmonic will post 0.35 EPS for the current year.

Institutional Investors Weigh In On Harmonic

A number of hedge funds have recently added to or reduced their stakes in HLIT. iSAM Funds UK Ltd purchased a new position in shares of Harmonic in the 3rd quarter worth $49,000. Royal Bank of Canada grew its holdings in shares of Harmonic by 64.6% in the fourth quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock worth $75,000 after acquiring an additional 3,000 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Harmonic during the fourth quarter valued at $90,000. Russell Investments Group Ltd. lifted its holdings in Harmonic by 23,297.5% in the third quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock valued at $95,000 after acquiring an additional 9,319 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Harmonic in the fourth quarter valued at about $110,000. 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.