Harmonic (NASDAQ:HLIT) Releases Q1 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.110-0.120 for the period, compared to the consensus estimate of 0.070. The company issued revenue guidance of $100.0 million-$105.0 million, compared to the consensus revenue estimate of $141.4 million. Harmonic also updated its FY 2026 guidance to 0.460-0.630 EPS.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Harmonic in a research report on Tuesday, December 9th. Rosenblatt Securities restated a “buy” rating and issued a $14.00 price objective on shares of Harmonic in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research report on Thursday, January 22nd. Finally, Barclays upped their price objective on shares of Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.33.

Harmonic Stock Up 1.6%

Harmonic stock traded up $0.17 during trading hours on Thursday, hitting $10.73. The stock had a trading volume of 1,246,422 shares, compared to its average volume of 949,657. The stock’s 50-day moving average price is $10.11 and its 200-day moving average price is $9.92. The company has a quick ratio of 1.64, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. Harmonic has a 12-month low of $7.80 and a 12-month high of $11.49. The stock has a market capitalization of $1.20 billion, a P/E ratio of 25.55 and a beta of 1.05.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The firm had revenue of $98.24 million during the quarter, compared to analysts’ expectations of $140.98 million. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Equities research analysts anticipate that Harmonic will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Harmonic news, Director David Krall acquired 47,528 shares of the stock in a transaction on Thursday, December 11th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $499,044.00. Following the completion of the transaction, the director directly owned 223,125 shares of the company’s stock, valued at $2,342,812.50. This trade represents a 27.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Neven Haltmayer sold 23,835 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $10.41, for a total value of $248,122.35. Following the completion of the sale, the senior vice president directly owned 149,570 shares of the company’s stock, valued at $1,557,023.70. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.21% of the company’s stock.

Institutional Trading of Harmonic

A number of large investors have recently made changes to their positions in the stock. Man Group plc purchased a new stake in Harmonic in the 4th quarter valued at $117,000. Los Angeles Capital Management LLC acquired a new position in shares of Harmonic during the 4th quarter valued at about $110,000. CIBC Bancorp USA Inc. acquired a new position in shares of Harmonic during the 3rd quarter valued at about $122,000. Entropy Technologies LP purchased a new stake in shares of Harmonic in the third quarter valued at about $126,000. Finally, Franklin Resources Inc. purchased a new position in Harmonic during the third quarter worth about $115,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

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.