Harmonic Inc. provides global video delivery software, products, system solutions and services. The company is headquartered in San Jose, California.
| Revenue (TTM) | $502.23M |
| Gross Profit (TTM) | $256.80M |
| EBITDA | $86.32M |
| Operating Margin | 17.60% |
| Return on Equity | 11.00% |
| Return on Assets | 6.97% |
| Revenue/Share (TTM) | $4.57 |
| Book Value | $3.45 |
| Price-to-Book | 2.70 |
| Price-to-Sales (TTM) | 2.06 |
| EV/Revenue | 2.636 |
| EV/EBITDA | 13.46 |
| Quarterly Earnings Growth (YoY) | 543.00% |
| Quarterly Revenue Growth (YoY) | 4.50% |
| Shares Outstanding | $108.97M |
| Float | $106.91M |
| % Insiders | 1.84% |
| % Institutions | 85.78% |
Volatility is currently expanding
Harmonic Inc. (HLIT) delivered a solid Q3, beating EPS and revenue expectations and raising FY2026 guidance. HLIT's backlog and deferred revenue surged 58% year-over-year to $534 million, supporting robust forward visibility. The recent sale of the video business for $145 million boosts balance sheet flexibility, with $142.8 million in cash and access to $160 million in credit.
Harmonic delivered strong Q3 results, exceeding revenue guidance and analyst expectations, with 64% year-over-year growth and robust margins. HLIT's new SensAI platform introduces recurring revenue potential, expanding monetization beyond hardware and adding high-margin services. Valuation targets 70-75% upside by 2028, which is a compelling 20% annualized return.
Harmonic Inc. is downgraded from Buy to Hold as broadband growth momentum faces headwinds and cash generation lags reported profitability. Q3 revenue surged 64% to $148.8M, beating guidance, but new orders fell and book-to-bill dropped to 0.7, raising concerns about backlog replenishment. Customer base diversification continues, but concentration risk remains, with two clients accounting for 54% of quarterly revenue and bookings showing weakness.
Harmonic Inc. ( HLIT ) Q3 2026 Earnings Call November 2, 2026 5:00 PM EST Company Participants Nimrod Ben-Natan - President, CEO & Director Walter Jankovic - Chief Financial Officer Conference Call Participants Scott Eckstein - Kanan, Corbin, Schupak & Aronow, Inc. Simon Leopold - Raymond James & Associates, Inc., Research Division Steven Frankel - Rosenblatt Securities Inc., Research Division Taran Katta - Wolfe Research, LLC Presentation Operator Welcome to the Third Quarter 2026 Harmonic Earnings Conference Call. My name is Heidi, and I will be the operator for today's call.
Revenue increased 64% year over year to $148.8 million, well above the high end of guidance Rest-of-Market revenue more than doubled year over year to a record 46% of total revenue Company raises full-year 2026 revenue outlook to $545 million - $555 million SAN JOSE, Calif., Nov. 2, 2026 /PRNewswire/ -- Harmonic Inc. (Nasdaq: HLIT) today announced its unaudited results for the third quarter ended October 2, 2026.
SAN JOSE, Oct. 20, 2026 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its third quarter 2026 financial results after the market close on Monday, November 2, 2026. Harmonic will host a live webcast to discuss the Company's results at 2:00 p.m.
Key Takeaways Cablenet has selected Harmonic's cOS™ virtualized broadband platform to modernize its DOCSIS access network. The distributed access architecture (DAA) deployment supports Cablenet's delivery of high-performance gigabit speeds and future speed tiers over its access networks.
Latest Innovations Extend Fiber to Any Location and Elevate Subscriber Quality of Experience SAN JOSE, Calif., Oct. 8, 2026 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) will showcase its latest fiber broadband innovations at Network X 2026 that help operators take fiber to more locations, operate more intelligently and manage multi-vendor fiber ecosystems.
Key Takeaways Harmonic's cOS™ virtualized platform enables Lightcurve to deliver up to 8 Gbps downstream and 1 Gbps upstream to MDUs over existing coax infrastructure. Reusing in-building wiring, Lightcurve can offer competitive speeds without the cost of fiber overbuild.
Harmonic Inc. (HLIT) Analyst/Investor Day Transcript
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