Harmonic (NASDAQ:HLIT) Issues Q2 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its second quarter 2026 earnings guidance on Monday morning. The company provided EPS guidance of 0.150-0.190 for the period, compared to the consensus EPS 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.

Harmonic Stock Performance

Shares of NASDAQ HLIT traded up $0.02 during midday trading on Monday, hitting $12.83. The company’s stock had a trading volume of 2,917,980 shares, compared to its average volume of 1,145,249. The stock has a fifty day moving average price of $9.96 and a 200 day moving average price of $10.03. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -32.90 and a beta of 1.24. Harmonic has a one year low of $7.80 and a one year high of $13.09.

Harmonic (NASDAQ:HLIT) last posted its earnings results on Monday, May 11th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The business had revenue of $121.70 million for the quarter, compared to analyst estimates 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. On average, research analysts forecast that Harmonic will post 0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Harmonic

Hedge funds and other institutional investors have recently bought and sold shares of the stock. iSAM Funds UK Ltd purchased a new position in Harmonic in the 3rd quarter worth approximately $49,000. Royal Bank of Canada boosted its stake in shares of Harmonic by 64.6% in the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 3,000 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Harmonic in the 4th quarter valued at $90,000. Russell Investments Group Ltd. boosted its stake in shares of Harmonic by 23,297.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock valued at $95,000 after purchasing an additional 9,319 shares in the last quarter. Finally, Twinbeech Capital LP purchased a new stake in shares of Harmonic in the 4th quarter valued at $107,000. Hedge funds and other institutional investors 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.