Harmonic (NASDAQ:HLIT) Releases FY 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.570-0.670 for the period, compared to the consensus estimate of 0.520. The company issued revenue guidance of $475.0 million-$495.0 million, compared to the consensus revenue estimate of $465.7 million. Harmonic also updated its Q2 2026 guidance to 0.150-0.190 EPS.

Harmonic Stock Up 0.9%

HLIT stock opened at $12.95 on Wednesday. The stock’s 50 day simple moving average is $10.10 and its 200 day simple moving average is $10.08. Harmonic has a fifty-two week low of $7.80 and a fifty-two week high of $15.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50. The company has a market cap of $1.40 billion, a P/E ratio of -35.00 and a beta of 1.24.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of ($53.02) million during the quarter, compared to analysts’ expectations of $140.98 million. Harmonic had a positive return on equity of 7.52% and a negative net margin of 7.50%.The business’s revenue for the quarter was down 42.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. On average, research analysts expect that Harmonic will post 0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HLIT has been the subject of several research reports. Needham & Company LLC increased their price objective on Harmonic from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Barclays increased their price objective on Harmonic from $11.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings lowered Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Northland Securities set a $15.00 price objective on Harmonic in a report on Tuesday. Finally, Rosenblatt Securities increased their price objective on Harmonic from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Harmonic currently has an average rating of “Hold” and an average target price of $16.60.

Key Stories Impacting Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Harmonic beat Q1 expectations, reporting EPS of $0.21 versus $0.12 expected and revenue of $121.69 million versus $102.21 million estimated, with sales up 43.4% year over year. Earnings report and transcript
• Positive Sentiment: The company also raised guidance for Q2 and full-year 2026 above Wall Street expectations, signaling confidence in continued growth. Premarket move article
• Positive Sentiment: Analysts turned more constructive after the results, with Needham raising its price target to $18 and Rosenblatt lifting its target to $20, both keeping bullish ratings. Needham and Rosenblatt target hikes
• Positive Sentiment: Investor sentiment was further supported by coverage highlighting strong broadband growth and the stock reaching a new 52-week high. 52-week high article
• Neutral Sentiment: Harmonic’s Q1 earnings call and transcript drew additional attention from investors as they looked for details on broadband demand, supply chain conditions, and the outlook. Earnings call transcript

Institutional Investors Weigh In On Harmonic

Institutional investors and hedge funds have recently made changes to their positions in the business. iSAM Funds UK Ltd purchased a new stake in shares of Harmonic in the third quarter worth $49,000. Royal Bank of Canada raised its position in Harmonic by 64.6% during the fourth quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 3,000 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Harmonic during the fourth quarter valued at about $90,000. Russell Investments Group Ltd. raised its position in Harmonic by 23,297.5% during the third quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock valued at $95,000 after purchasing an additional 9,319 shares in the last quarter. Finally, Twinbeech Capital LP purchased a new stake in Harmonic during the fourth quarter valued at about $107,000. Hedge funds and other institutional investors 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.