Harmonic (NASDAQ:HLIT) Issues FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.800-0.840 for the period, compared to the consensus earnings per share 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.

Harmonic Price Performance

Shares of Harmonic stock opened at $10.19 on Wednesday. The firm has a market capitalization of $1.11 billion, a PE ratio of 20.80 and a beta of 1.37. The company has a current ratio of 3.05, a quick ratio of 2.56 and a debt-to-equity ratio of 0.30. Harmonic has a 12 month low of $8.47 and a 12 month high of $17.68. The business’s 50-day moving average price is $11.09 and its 200-day moving average price is $11.57.

Harmonic (NASDAQ:HLIT) last released its earnings results on Monday, November 2nd. The communications equipment provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Harmonic had a positive return on equity of 14.83% and a negative net margin of 6.27%. The company had revenue of $148.84 million during the quarter, compared to the consensus estimate of $129.47 million. During the same quarter in the previous year, the company posted $0.12 EPS. Harmonic’s quarterly revenue was up 64.5% compared to the same quarter last year. Sell-side analysts forecast that Harmonic will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HLIT has been the topic of several recent research reports. Barclays reduced their target price on shares of Harmonic from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday. Raymond James Financial reissued an “outperform” rating and issued a $19.00 price target on shares of Harmonic in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Northland Securities set a $17.00 price objective on Harmonic in a research note on Thursday, August 13th. Finally, Jefferies Financial Group reduced their price objective on Harmonic from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.83.

Harmonic News Roundup

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Q3 revenue rose 64.5% year over year to $148.8 million, beating the $129.5 million consensus, while adjusted earnings of $0.23 per share topped the $0.17 estimate. Harmonic Announces Third Quarter 2026 Results
• Positive Sentiment: Management raised full-year 2026 guidance to $545 million-$555 million in revenue and $0.80-$0.84 in EPS, above consensus estimates of $517 million and $0.50. Q4 guidance also came in above expectations for revenue and EPS. Harmonic Announces Third Quarter 2026 Results
• Positive Sentiment: Revenue growth is broadening beyond major customers Comcast and Spectrum: Rest-of-Market revenue more than doubled year over year and reached a record 46% of sales, potentially reducing customer concentration. Harmonic revenues break beyond Comcast and Spectrum
• Negative Sentiment: A Seeking Alpha analysis downgraded the stock, arguing that the strong quarter is offset by a less compelling growth outlook and cash-flow concerns; it also flagged bookings and cash generation as tests for sustaining the momentum. Harmonic: Great Quarter, Not So Great Growth Outlook Or Cash Flow
• Negative Sentiment: Jefferies cut its price target to $13 from $15 and assigned a Hold rating; Barclays lowered its target to $14 from $16 and maintained Equal Weight. The cuts suggest more cautious expectations despite targets remaining above the cited share price. Jefferies analyst ratings Barclays analyst ratings

About Harmonic

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.