Harmonic (NASDAQ:HLIT) Issues FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.670-0.750 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of $505.0 million-$525.0 million, compared to the consensus revenue estimate of $486.8 million. Harmonic also updated its Q3 2026 guidance to 0.150-0.190 EPS.

Harmonic Price Performance

HLIT traded up $0.55 during trading on Wednesday, reaching $12.00. The company’s stock had a trading volume of 2,796,201 shares, compared to its average volume of 1,904,068. The company has a quick ratio of 2.03, a current ratio of 2.27 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $13.39 and a two-hundred day simple moving average of $11.75. Harmonic has a 1 year low of $8.47 and a 1 year high of $17.68. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -32.43 and a beta of 1.32.

Harmonic (NASDAQ:HLIT) last issued its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.07. The business had revenue of $133.46 million for the quarter, compared to analysts’ expectations of $120.89 million. Harmonic had a positive return on equity of 7.84% and a negative net margin of 7.50%.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, analysts anticipate that Harmonic will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

HLIT has been the topic of a number of recent research reports. Needham & Company LLC boosted their price objective on Harmonic from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Wall Street Zen downgraded Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Northland Securities set a $15.00 price target on Harmonic in a report on Tuesday, May 12th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price target on shares of Harmonic in a research report on Monday, June 15th. Finally, Zacks Research lowered shares of Harmonic from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.60.

Insider Buying and Selling

In related news, Director Stephanie Copeland sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $13.30, for a total value of $57,190.00. Following the transaction, the director directly owned 20,752 shares in the company, valued at approximately $276,001.60. This represents a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On Harmonic

Several large investors have recently modified their holdings of the business. iSAM Funds UK Ltd purchased a new position in shares of Harmonic during the 3rd quarter worth $49,000. Royal Bank of Canada raised its holdings 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 period. Kemnay Advisory Services Inc. purchased a new stake in Harmonic in the 4th quarter valued at about $90,000. Russell Investments Group Ltd. lifted its position in Harmonic by 23,297.5% in the third quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock valued at $95,000 after buying an additional 9,319 shares during the last quarter. Finally, Twinbeech Capital LP acquired a new position in Harmonic in the fourth quarter valued at about $107,000. Institutional investors and hedge funds 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.