Harmonic (NASDAQ:HLIT) Releases FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.460-0.630 for the period, compared to the consensus estimate of 0.390. The company issued revenue guidance of $440.0 million-$480.0 million, compared to the consensus revenue estimate of $621.7 million. Harmonic also updated its Q1 2026 guidance to 0.110-0.120 EPS.

Harmonic Trading Up 1.6%

HLIT traded up $0.17 during midday trading on Thursday, hitting $10.73. 1,246,422 shares of the company were exchanged, compared to its average volume of 949,657. The firm’s 50 day moving average price is $10.11 and its 200-day moving average price is $9.92. Harmonic has a 1-year low of $7.80 and a 1-year high of $11.49. The firm has a market capitalization of $1.20 billion, a P/E ratio of 25.55 and a beta of 1.05. 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 (NASDAQ:HLIT) last announced its earnings results on Thursday, February 19th. The communications equipment provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. The business had revenue of $98.24 million during the quarter, compared to the consensus estimate of $140.98 million. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. As a group, equities analysts forecast that Harmonic will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, 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 transaction, the senior vice president owned 149,570 shares in the company, valued at approximately $1,557,023.70. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Krall purchased 47,528 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average cost of $10.50 per share, with a total value of $499,044.00. Following the purchase, 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 SEC filing for this purchase provides additional information. 1.21% of the stock is owned by insiders.

Institutional Trading of Harmonic

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Harmonic by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock worth $630,000 after buying an additional 2,853 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Harmonic by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider’s stock worth $3,390,000 after acquiring an additional 31,276 shares during the period. Jane Street Group LLC grew its position in shares of Harmonic by 978.5% during the 1st quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock valued at $2,373,000 after acquiring an additional 224,534 shares during the period. American Century Companies Inc. increased its stake in shares of Harmonic by 239.3% in the second quarter. American Century Companies Inc. now owns 110,892 shares of the communications equipment provider’s stock worth $1,050,000 after purchasing an additional 78,214 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Harmonic in the second quarter worth $1,426,000. Hedge funds and other institutional investors own 99.38% of the company’s stock.

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.