Harmonic (NASDAQ:HLIT) Releases Q3 2026 Earnings Guidance

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating and set a $15.00 target price on shares of Harmonic in a research note on Tuesday, May 12th. Wall Street Zen cut shares of Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Northland Securities set a $15.00 price target on shares of Harmonic in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. 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 company’s stock. According to data from MarketBeat.com, Harmonic currently has an average rating of “Hold” and an average target price of $16.60.

Harmonic Stock Up 4.8%

NASDAQ:HLIT traded up $0.55 during mid-day trading on Wednesday, reaching $12.00. The stock had a trading volume of 2,584,785 shares, compared to its average volume of 1,899,600. The business’s 50 day moving average is $13.39 and its 200 day moving average is $11.75. Harmonic has a fifty-two week low of $8.47 and a fifty-two week high of $17.68. The stock has a market cap of $1.30 billion, a P/E ratio of -32.43 and a beta of 1.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.27 and a quick ratio of 2.03.

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

Insider Buying and Selling at Harmonic

In related news, Director Stephanie Copeland sold 4,300 shares of Harmonic stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $13.30, for a total value of $57,190.00. Following the completion of the sale, the director owned 20,752 shares of the company’s stock, valued at approximately $276,001.60. The trade was a 17.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On Harmonic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. iSAM Funds UK Ltd bought a new position in shares of Harmonic in the third quarter valued at approximately $49,000. Royal Bank of Canada grew its stake in 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 buying an additional 3,000 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Harmonic in the 4th quarter worth $90,000. Russell Investments Group Ltd. lifted its position in Harmonic by 23,297.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock worth $95,000 after acquiring an additional 9,319 shares during the last quarter. Finally, Twinbeech Capital LP acquired a new position in Harmonic during the 4th quarter worth $107,000. 99.38% of the stock is currently owned by institutional investors and hedge funds.

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.