Harmonic (NASDAQ:HLIT) Updates Q2 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) issued an update on its second quarter 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.150-0.190 for the period, compared to the consensus estimate of 0.070. The company issued revenue guidance of $115.0 million-$125.0 million, compared to the consensus revenue estimate of $112.1 million. Harmonic also updated its FY 2026 guidance to 0.570-0.670 EPS.

Wall Street Analysts Forecast Growth

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

Harmonic Stock Up 0.2%

Shares of NASDAQ HLIT traded up $0.02 during mid-day trading on Monday, hitting $12.83. 2,882,335 shares of the stock traded hands, compared to its average volume of 1,145,249. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -32.90 and a beta of 1.24. The stock has a fifty day moving average price of $9.96 and a 200-day moving average price of $10.03. Harmonic has a 52 week low of $7.80 and a 52 week high of $13.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Monday, May 11th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09. Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The business had revenue of $121.70 million during the quarter, compared to analyst estimates of $102.21 million. Harmonic has set its FY 2026 guidance at 0.570-0.670 EPS and its Q2 2026 guidance at 0.150-0.190 EPS. Research analysts anticipate that Harmonic will post 0.35 EPS for the current year.

Institutional Investors Weigh In On Harmonic

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Harmonic by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock valued at $630,000 after purchasing an additional 2,853 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Harmonic by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider’s stock worth $3,390,000 after buying an additional 31,276 shares during the last quarter. Jane Street Group LLC increased its position in Harmonic by 978.5% during the 1st quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock valued at $2,373,000 after buying an additional 224,534 shares in the last quarter. American Century Companies Inc. increased its position in Harmonic by 239.3% during the 2nd quarter. American Century Companies Inc. now owns 110,892 shares of the communications equipment provider’s stock valued at $1,050,000 after buying an additional 78,214 shares in the last quarter. Finally, Norges Bank purchased a new position in Harmonic during the second quarter valued at $1,426,000. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Harmonic Company Profile

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.