Harmonic (NASDAQ:HLIT) Issues Q4 2026 Earnings Guidance

Harmonic (NASDAQ:HLIT) updated its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.190-0.230 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $141.0 million-$151.0 million, compared to the consensus revenue estimate of $131.6 million. Harmonic also updated its FY 2026 guidance to 0.800-0.840 EPS.

Analysts Set New Price Targets

HLIT has been the subject of several research analyst reports. Northland Securities set a $17.00 target price on Harmonic in a research report on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating on shares of Harmonic in a research note on Thursday, August 13th. Jefferies Financial Group cut their price target on shares of Harmonic from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Tuesday. Raymond James Financial restated an “outperform” rating and set a $19.00 price target on shares of Harmonic in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.83.

Harmonic Stock Up 0.2%

Harmonic stock opened at $10.21 on Thursday. The firm has a 50 day moving average price of $11.04 and a 200-day moving average price of $11.57. The company has a quick ratio of 2.56, a current ratio of 2.43 and a debt-to-equity ratio of 0.09. Harmonic has a twelve month low of $8.47 and a twelve month high of $17.68. The company has a market capitalization of $1.11 billion, a P/E ratio of 20.80 and a beta of 1.37.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Monday, November 2nd. The communications equipment provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Harmonic had a negative net margin of 6.27% and a positive return on equity of 14.73%. The company had revenue of $148.84 million for the quarter, compared to analysts’ expectations of $129.47 million. During the same quarter in the previous year, the firm posted $0.12 EPS. Harmonic’s revenue was up 64.5% on a year-over-year basis. As a group, equities analysts predict that Harmonic will post 0.53 EPS for the current year.

Trending Headlines about Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Q3 results topped expectations: adjusted earnings were $0.23 per share versus $0.17 expected, while revenue of $148.84 million exceeded the $129.47 million consensus and rose 64.5% year over year. Read More.
• Positive Sentiment: Harmonic’s Q4 and full-year 2026 guidance came in above analyst consensus. The company forecast Q4 revenue of $141 million–$151 million and EPS of $0.19–$0.23; full-year revenue of $545 million–$555 million and EPS of $0.80–$0.84. Read More.
• Positive Sentiment: Revenue growth beyond major customers Comcast and Spectrum may indicate a broader customer base and reduce reliance on those accounts. Read More.
• Negative Sentiment: A Seeking Alpha analysis argued that the strong quarter was offset by a less compelling growth outlook and cash-flow concerns, highlighting execution risks despite the raised guidance. Read More.
• Negative Sentiment: Jefferies cut its price target from $15 to $13 and maintained a Hold rating; Barclays lowered its target from $16 to $14 and kept an Equal Weight rating. The cuts may signal more cautious expectations, even though both targets remain above the cited share price. Read More. · Read More.

About Harmonic

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video-delivery technologies for communications service providers, content providers and broadcasters. Its solutions help operators deliver high-speed internet, television and streaming services across cable, fiber and other network infrastructures.

The company’s broadband portfolio includes its CableOS platform, a software-based solution designed to support virtualized broadband access networks, along with technologies for DOCSIS, fiber and hybrid fiber-coaxial networks.