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    Harmonic Inc (HLIT)

    Official site

    TECHNOLOGY • COMMUNICATION EQUIPMENT • NASDAQ

    $10.01
    -0.52 (-4.94%)

    Market Cap: $1.09B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    85%(33/39)
    Avg Surprise
    +77.87%
    Streak
    9 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.17
    Range$0.15 - $0.19
    7 analysts
    EPS Revisions
    6
    0
    7d
    6
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.14+18.6%
    60d ago$0.14+18.6%
    30d ago$0.170.0%
    7d ago$0.170.0%
    Current$0.17
    Revenue Consensus
    $128M
    Range$122M - $130M
    5 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.04
    Range$0.04 - $0.06
    3 analysts
    Revenue Consensus
    $166M
    Range$164M - $171M
    5 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$0.04---
    Sep 26EST
    -$0.17---
    Jun 26
    Reported Jul 27
    $0.14$0.13+7.69%Beat+55.6%
    Mar 26
    Reported May 11
    $0.17$0.12+41.67%Beat+54.5%
    Dec 25
    Reported Feb 19
    $0.14$0.11+27.27%Beat-68.9%
    Sep 25
    Reported Nov 3
    $0.12$0.05+140.00%Beat-53.8%
    Jun 25
    Reported Jul 28
    $0.09$0.02+350.00%Beat+12.5%
    Mar 25
    Reported Apr 28
    $0.11$0.05+120.00%Beat+252.8%
    Dec 24
    Reported Feb 10
    $0.45$0.37+21.62%Beat+246.2%
    Sep 24
    Reported Oct 28
    $0.26$0.22+18.18%Beat+548.3%
    Jun 24
    Reported Jul 29
    $0.08$0.04+100.00%Beat-33.3%
    Mar 24
    Reported Apr 29
    $-0.07$-0.01-620.00%Miss-160.0%
    Dec 23
    Reported Jan 29
    $0.13$0.10+30.00%Beat-23.5%
    Sep 23
    Reported Oct 30
    $-0.06$0.01-680.00%Miss-144.6%
    Jun 23
    Reported Jul 31
    $0.12$0.13-7.69%Miss-25.0%
    Mar 23
    Reported May 8
    $0.12$0.09+33.33%Beat+50.0%
    Dec 22
    Reported Jan 30
    $0.17$0.15+13.33%Beat+6.3%
    Sep 22
    Reported Oct 31
    $0.13$0.10+30.00%Beat+44.4%
    Jun 22
    Reported Aug 1
    $0.16$0.09+77.78%Beat+220.0%
    Mar 22
    Reported May 2
    $0.08$0.04+100.00%Beat+100.0%
    Dec 21
    Reported Jan 31
    $0.16$0.13+23.08%Beat-20.0%
    Sep 21
    Reported Nov 1
    $0.09$0.03+200.00%Beat+200.0%
    Jun 21
    Reported Aug 2
    $0.05$-0.00+3671.43%Beat+183.3%
    Mar 21
    Reported May 3
    $0.04$0.03+33.33%Beat+140.0%
    Dec 20
    Reported Feb 1
    $0.20$0.15+33.33%Beat+66.7%
    Sep 20
    Reported Oct 26
    $0.03$-0.05+160.00%Beat-88.0%
    Jun 20
    Reported Aug 3
    $-0.06N/A+53.85%Beat-50.0%
    Mar 20
    Reported Apr 27
    $-0.10$-0.05-100.00%Miss-100.0%
    Dec 19
    Reported Feb 3
    $0.12$0.08+50.00%Beat+9.1%
    Sep 19
    Reported Oct 28
    $0.25$0.21+19.05%Beat+525.0%
    Jun 19
    Reported Jul 29
    $-0.04$-0.07+42.86%Beat-180.0%
    Mar 19
    Reported Apr 29
    $-0.05$-0.05+0.00%Beat-400.0%
    Dec 18
    Reported Feb 4
    $0.11$0.05+120.00%Beat+176.2%
    Sep 18
    Reported Oct 29
    $0.04$0.01+300.00%Beat+500.0%
    Jun 18
    Reported Jul 30
    $0.05$0.02+150.00%Beat+125.0%
    Mar 18
    Reported Apr 30
    $-0.01N/A+80.00%Beat+92.9%
    Dec 17
    Reported Feb 28
    $-0.14$0.01-1544.00%Miss-280.5%
    Sep 17
    Reported Oct 30
    $-0.01N/A+87.50%Beat-
    Jun 17
    Reported Jul 31
    $-0.20$-0.20+0.00%Beat-
    Mar 17
    Reported May 1
    $-0.14$-0.05-180.00%Miss-
    Dec 16
    Reported Feb 28
    $0.08$0.06+33.33%Beat-

    Key Metrics

    Valuation
    P/E Ratio17.56EV/EBITDA35.13x
    Price/FCF-21.81xFCF Yield-4.59%
    Profitability
    Profit Margin-10.60%Operating Margin18.00%
    ROE6.55%ROIC2.34%
    Financial Health
    Debt/Equity0.31xInterest Coverage5.23x
    Current Ratio3.05xQuick Ratio2.56x
    Trading Statistics
    Beta1.33Avg Volume1.53M
    52-Week High$17.6852-Week Low$8.47

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$10.87
    SMA 20$10.90
    SMA 50$11.61
    SMA 200$11.55
    EMA 10$10.72
    EMA 20$10.95
    EMA 50$11.48
    EMA 200$11.55

    MACD

    Line: -0.30Signal: -0.26Hist: -0.04

    ADX

    ADX: 15.5+DI: 15.7-DI: 33.1

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down100.0
    PSAR$11.37

    Bollinger Bands

    Upper Band$11.60
    Lower Band$10.20
    %B Position1285%(Upper)
    Band Width-0.14

    RSI (14-Day)

    Neutral
    31.4

    Momentum Oscillators

    Stoch %K9.3
    Stoch %D25.5
    Williams %R-97.6
    ROC (10d)-5.2%
    Momentum-0.55
    CCI (20d)-201.5
    MFI (14d)48.9

    Volatility Measures

    ATR (14d)$0.42(4.2%)
    StdDev (20d)0.35
    Hist Vol35.5%(Moderate)

    Volume Flow

    VWAP$10.11
    OBV83.5M
    AD Line2.9M
    CMF (20d)-0.042

    Volume Metrics

    Avg Vol (20d)1.5M
    Vol Ratio0.9x
    VWMA (20d)$10.93

    Pivot Points

    R3$10.99
    R2$10.81
    R1$10.67
    Pivot Point$10.48
    S1$10.34
    S2$10.16
    S3$10.02

    Advanced Oscillators

    TSI-19.57
    Ultimate Osc32.1
    KST-81.85

    Financial Data

    QuarterMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023
    Total Revenue$121.69M$-53,021,000$142.38M$86.92M$84.88M$31.64M$195.76M$138.74M$122.06M$-52,333,000$127.20M$155.96M
    Cost of Revenue$58.08M$1.73M$65.25M$47.13M$38.40M$32.81M$91.02M$65.28M$58.98M$224,000$65.52M$71.02M
    Gross Profit$63.62M$-54,751,000$77.13M$39.79M$46.48M$-1,163,000$104.73M$73.46M$63.08M$-52,557,000$61.68M$84.94M
    Operating Expenses$43.17M$-45,015,000$67.31M$40.54M$39.44M$-65,629,000$69.31M$89.09M$72.61M$-70,047,000$70.29M$74.98M
    R&D$20.88M$-14,161,000$29.70M$17.99M$19.66M$-16,988,000$30.07M$28.78M$30.70M$-26,322,000$30.32M$32.20M
    SG&A$22.29M$-30,432,000$36.52M$20.48M$19.78M$-35,368,000$35.85M$39.82M$38.87M$-43,026,000$39.24M$42.77M
    Operating Income$20.45M$-9,736,000$9.82M$-754,000$7.04M$64.47M$35.42M$-15,630,000$-9,526,000$17.49M$-8,603,000$9.96M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$1.08M$-112,000$1.18M$1.09M$1.31M$1.63M$2.69M$1.42M$723,000$-98,000$619,000$800,000
    Income Before Tax$19.33M$-11,344,000$8.75M$-3,036,000$5.10M$69.70M$28.81M$-16,435,000$-10,538,000$17.52M$-8,879,000$9.03M
    Income Tax Expense$8.10M$-1,055,000$6.05M$-2,179,000$2.73M$20.08M$7.09M$-3,903,000$-2,449,000$-70,668,000$-2,384,000$7.47M
    Net Income$7.31M$-54,815,000$2.69M$2.87M$5.94M$38.12M$21.72M$-12,532,000$-8,089,000$83.84M$-6,495,000$1.55M
    EBITDA$22.93M$-8,589,000$12.76M$527,000$9.13M$74.30M$34.35M$-11,785,000$-6,730,000$20.50M$-5,171,000$12.88M
    EBIT$20.41M$-11,456,000$9.93M$-1,946,000$6.42M$71.33M$31.49M$-15,011,000$-9,815,000$17.42M$-8,260,000$9.83M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $557408
    Gov Obligations / Revenue
    0.1%
    Obligations YoY
    N/A
    Active Awards
    1
    New Awards (TTM)
    1
    Avg Remaining Term
    1.6 mo

    Top agency: Department of Defense at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    W912HQ26FA108Department of DefenseDepartment of the Army$557408Jun 1, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Sep 30, 2026.

    News

    HLIT Valuation and Fair Value

    P/E
    17.6x
    Forward P/E
    18.8x
    EV/EBITDA
    35.1x
    P/FCF
    -21.8x
    PEG
    1.8x
    P/B
    3.0x
    See GNG's fair value

    HLIT Profitability: Margins, ROIC and FCF

    Gross margin
    42.2%
    Operating margin
    18.0%
    Net margin
    -10.6%
    ROIC
    2.3%
    ROE
    6.6%
    FCF margin
    -16.8%
    FCF yield
    -4.6%

    HLIT Analyst Ratings

    Consensus
    Buy
    Analysts
    7
    Strong Buy
    2
    Buy
    2
    Hold
    2
    Sell
    1
    Strong Sell
    0

    HLIT Bull Case vs Bear Case

    Bull case

    • HLIT beat EPS estimates in 100.0% of its last 8 reported quarters.
    • HLIT grew quarterly revenue 53.5% year over year.

    Bear case

    • HLIT has a -10.6% net profit margin.

    HLIT Earnings: Beat Rate and Next Report

    Beat rate
    8 of 8 quarters (100.0%)
    Average surprise
    90.8%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.17
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    6 up, 0 down

    Frequently Asked Questions About HLIT

    Does HLIT pay dividends?

    Harmonic Inc (HLIT) does not currently pay a regular dividend.

    What is HLIT's P/E ratio?

    Harmonic Inc has a price-to-earnings (P/E) ratio of 17.56.

    What is HLIT's market cap?

    Harmonic Inc (HLIT) has a market capitalization of $1.09B with a current stock price of $10.01.

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