Harmonic (NASDAQ:HLIT) Releases Q3 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.150-0.190 for the period, compared to the consensus EPS estimate of 0.100. The company issued revenue guidance of $125.0 million-$135.0 million, compared to the consensus revenue estimate of $120.3 million. Harmonic also updated its FY 2026 guidance to 0.670-0.750 EPS.

Analysts Set New Price Targets

HLIT has been the topic of several recent research reports. Northland Securities set a $15.00 price objective on shares of Harmonic in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price target on shares of Harmonic in a research note on Monday, June 15th. Weiss Ratings raised Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Finally, Zacks Research downgraded Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, three have given 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 an average target price of $16.60.

Harmonic Trading Up 4.8%

Shares of NASDAQ:HLIT traded up $0.55 during midday trading on Wednesday, reaching $12.00. The company had a trading volume of 2,584,785 shares, compared to its average volume of 1,899,600. The company has a fifty day simple moving average of $13.39 and a two-hundred day simple moving average of $11.75. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -32.43 and a beta of 1.32. Harmonic has a 1-year low of $8.47 and a 1-year high of $17.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.03 and a current ratio of 2.27.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.07. Harmonic had a positive return on equity of 7.84% and a negative net margin of 7.50%.The firm had revenue of $133.46 million for the quarter, compared to the consensus estimate of $120.89 million. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Research analysts predict that Harmonic will post 0.48 earnings per share for the current year.

Insider Activity

In other news, Director Stephanie Copeland sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $13.30, for a total transaction of $57,190.00. Following the sale, the director owned 20,752 shares in the company, valued at $276,001.60. The trade was a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.74% of the stock is owned by corporate insiders.

Institutional Trading of Harmonic

Large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Harmonic by 1.8% in the fourth 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 lifted its stake in Harmonic by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,485,105 shares of the communications equipment provider’s stock worth $34,468,000 after acquiring an additional 24,062 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Harmonic by 2.9% in the 3rd 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 boosted its position in Harmonic by 10.8% during the 3rd 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 during the period. Finally, Alyeska Investment Group L.P. boosted its position in Harmonic by 9.5% during the 3rd 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 owned by institutional investors and hedge funds.

Harmonic Company Profile

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.