Harmonic (NASDAQ:HLIT) Updates 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 (EPS) guidance of 0.110-0.120 for the period, compared to the consensus 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 Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Harmonic in a report on Tuesday, December 9th. Barclays raised their price objective on Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued 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 report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.33.

Harmonic Stock Up 1.6%

Shares of NASDAQ HLIT traded up $0.17 during mid-day trading on Thursday, reaching $10.73. 1,246,422 shares of the company’s stock traded hands, compared to its average volume of 949,657. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.08 and a quick ratio of 1.64. Harmonic has a 1-year low of $7.80 and a 1-year high of $11.49. The stock has a market cap of $1.20 billion, a P/E ratio of 25.55 and a beta of 1.05. The business has a 50-day simple moving average of $10.11 and a 200 day simple moving average of $9.92.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $98.24 million during the quarter, compared to the consensus estimate of $140.98 million. Harmonic had a return on equity of 13.70% and a net margin of 7.81%.Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. On average, analysts expect that Harmonic will post 0.31 EPS for the current fiscal year.

Insider Activity

In other Harmonic news, SVP Neven Haltmayer sold 23,835 shares of the company’s stock in a transaction on Monday, December 15th. The stock was 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 owned 149,570 shares in the company, valued at $1,557,023.70. This represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Krall bought 47,528 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were acquired at an average cost of $10.50 per share, with a total value of $499,044.00. Following the completion of the transaction, the director owned 223,125 shares in the company, valued at approximately $2,342,812.50. The trade was a 27.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. iSAM Funds UK Ltd bought a new position in shares of Harmonic during the 3rd quarter valued at approximately $49,000. Royal Bank of Canada grew its stake in shares of Harmonic by 64.6% during the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock worth $75,000 after acquiring an additional 3,000 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Harmonic in the 4th quarter worth about $90,000. Russell Investments Group Ltd. increased 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 worth $95,000 after acquiring an additional 9,319 shares during the last quarter. Finally, Twinbeech Capital LP bought a new stake in Harmonic in the 4th quarter valued at about $107,000. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

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.