Harmonic (NASDAQ:HLIT) Issues Q1 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.110-0.120 for the period, compared to the consensus earnings per share estimate of 0.070. The company issued revenue guidance of $100.0 million-$105.0 million, compared to the consensus revenue estimate of $141.4 million. Harmonic also updated its FY 2026 guidance to 0.460-0.630 EPS.

Wall Street Analyst Weigh In

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

Harmonic Stock Up 1.6%

HLIT traded up $0.17 during trading hours on Thursday, hitting $10.73. 1,246,539 shares of the company’s stock were exchanged, compared to its average volume of 949,928. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 25.55 and a beta of 1.05. Harmonic has a 1-year low of $7.80 and a 1-year high of $11.49. The stock’s 50-day moving average is $10.11 and its two-hundred day moving average is $9.92. 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 posted its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $98.24 million during the quarter, compared to the consensus estimate of $140.98 million. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Sell-side analysts predict that Harmonic will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Neven Haltmayer sold 23,835 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president directly owned 149,570 shares of the company’s stock, valued at approximately $1,557,023.70. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Krall purchased 47,528 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were purchased at an average cost of $10.50 per share, for a total transaction of $499,044.00. Following the completion of the transaction, the director directly owned 223,125 shares of the company’s stock, valued at approximately $2,342,812.50. This represents a 27.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Harmonic

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. iSAM Funds UK Ltd acquired a new stake in shares of Harmonic during the third quarter worth $49,000. Royal Bank of Canada raised 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 worth $75,000 after purchasing an additional 3,000 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Harmonic in the 4th quarter valued at about $90,000. Russell Investments Group Ltd. grew its position in shares of 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 purchasing an additional 9,319 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new position in shares of Harmonic during the 4th quarter worth approximately $107,000. 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.