Harmonic (NASDAQ:HLIT) Posts Earnings Results, Beats Expectations By $0.09 EPS

Posted by on May 11th, 2026

Harmonic (NASDAQ:HLIT – Get Free Report) issued its quarterly earnings data on Monday. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09, FiscalAI reports. The business had revenue of $121.70 million for the quarter, compared to analysts’ expectations of $102.21 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. Harmonic updated its FY 2026 guidance to 0.570-0.670 EPS and its Q2 2026 guidance to 0.150-0.190 EPS.

Harmonic Price Performance

Shares of NASDAQ:HLIT traded up $0.02 during midday trading on Monday, reaching $12.83. 2,917,980 shares of the company’s stock traded hands, compared to its average volume of 1,145,249. Harmonic has a 1 year low of $7.80 and a 1 year high of $13.09. The company has a market cap of $1.39 billion, a P/E ratio of -32.90 and a beta of 1.24. 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 fifty day simple moving average of $9.96 and a two-hundred day simple moving average of $10.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. iSAM Funds UK Ltd purchased a new position in Harmonic in the 3rd quarter valued at $49,000. Royal Bank of Canada lifted 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 purchasing an additional 3,000 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Harmonic in the 4th quarter valued at $90,000. Russell Investments Group Ltd. lifted its holdings in Harmonic by 23,297.5% in the 3rd 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 position in Harmonic in the 4th quarter valued at $107,000. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Analysts Set New Price Targets

HLIT has been the topic of a number of analyst reports. Needham & Company LLC raised their price objective on shares of Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Rosenblatt Securities reaffirmed a “buy” rating and set a $16.00 price objective on shares of Harmonic in a research note on Friday, March 27th. Weiss Ratings cut shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Finally, Northland Securities set a $14.00 price objective on shares of Harmonic in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.50.

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Harmonic Company Profile

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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.

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Earnings History for Harmonic (NASDAQ:HLIT)

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