Harmonic Inc. HLIT

11.01 0.06 0.55% as of 25 Sep
Market cap
$1.2B
P/E
0.0×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.50
Total sells 0.79
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — 1 — — — — — — — — —
Sell — — 1 — — — — 2 — — — —
Insider Ownership 1.46%

Capital & Financial Ratios

Market Cap 1,210.00
Revenue 443.88
Net Income (47.14)
Free Cash Flow 53.91
Net Debt (121.25)
Current Ratio 3.05
Debt/Equity 0.31
P/E ratio 0.00
P/S ratio 2.70
P/B ratio 3.32
Past 5Y EPS Growth —
This Y EPS Growth 51.81%
Next Y EPS Growth 13.08%
Next 5Y EPS Growth 25.73%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 84 101 124 232
Receivables 142 144 86 90
Inventory 84 43 48 66
Other — 267 224 —
331 565 494 417
2023 2024 2025 Q'26
Payables 39 28 23 39
ST’ Debt — 2 3 3
Other 61 142 134 68
272 192 198 137
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (0.45%) (0.99%) (16.75%)
Cash Flow 32.75% 22.48% 170.15%
Earnings 0.00% 0.00% 0.00%
Book Value 1.56% 8.21% 5.70%

Revenue

Mar Jun Sep Dec Year
’26 122 133 — — —
’25 85 87 142 46 361
’24 122 139 196 32 488
’23 158 156 127 — 388
’22 147 157 156 164 625
’21 112 113 126 156 507
’20 78 74 95 132 379
in millions of $ · fiscal quarters ending in the months shown
value withheld pending a data check

Operating Cash Flow

Mar Jun Sep Dec Year
’26 32 (5) — — —
’25 84 (12) 24 12 108
’24 27 (22) 9 49 62
’23 6 (17) 11 6 7
’22 (27) 22 (8) 19 5
’21 2 17 15 7 41
’20 (11) 12 (3) 42 39
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 30 (7) — — —
’25 82 (15) 21 10 97
’24 25 (24) 6 46 53
’23 4 (18) 9 4 (1)
’22 (30) 19 (10) 17 (4)
’21 (2) 13 12 5 28
’20 (22) 2 (9) 36 7
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.07 (0.02) — — —
’25 0.05 0.03 0.02 (0.49) (0.38)
’24 (0.07) (0.11) 0.19 0.32 0.33
’23 0.04 0.01 (0.06) 0.72 0.72
’22 (0.01) 0.14 0.08 0.05 0.25
’21 (0.06) (0.02) 0.01 0.18 0.12
’20 (0.23) (0.16) (0.06) 0.13 (0.30)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
2.51 2.80 2.90 4.51 4.44 6.69 8.25 8.80 9.10 7.80

Analyst estimates 2026–2028

Powerpack
Low Price
6.13 6.18 6.32 8.39 8.57 12.22 15.80 18.43 15.46 13.68
High Price
1,376 1,244 1,162 1,172 1,169 1,267 1,340 1,359 1,240 534
Employees
0 0 0 0 0 0 0 0 0 1
Revenue/Emp
406 358 404 403 379 507 625 388 488 361
Revenue
49.46% 47.40% 51.84% 55.36% 51.47% 51.22% 50.54% 45.85% 49.18% 48.47%
Gross Margin
(80) (85) (17) (7) (26) 9 44 28 72 9
EBT
(19.81%) (23.64%) (4.20%) (1.64%) (6.92%) 1.75% 7.12% 7.17% 14.65% 2.46%
EBT Margin
(72) (83) (21) (6) (29) 13 28 84 39 (43)
Net Income
39 29 29 40 25 21 12 12 12 69
Depreciation
5.22 4.42 4.71 4.50 3.91 5.00 5.95 3.48 4.24 3.17
Revenue/Sh
(0.93) (1.02) (0.25) (0.07) (0.30) 0.12 0.27 0.75 0.34 (0.38)
Earnings/Sh
0.01 0.04 0.14 0.35 0.40 0.40 0.05 0.06 0.54 0.95
Cash Flow/Sh
(0.19) (0.14) (0.08) (0.12) (0.33) (0.13) (0.09) (0.08) (0.08) (0.10)
Capex/Sh
(0.19) (0.10) 0.06 0.23 0.07 0.28 (0.04) (0.01) 0.46 0.85
Free CF/Sh
3.48 2.70 2.67 2.82 2.66 2.92 3.09 3.91 4.04 3.37
Book Value/Sh
78 81 86 90 97 101 105 112 115 114
Shares
0.00 0.00 0.00 0.00 0.00 94.08 49.42 17.48 38.91 0.00
PE Ratio
1.01 0.95 1.00 1.73 1.89 2.35 2.20 3.79 3.12 3.12
PS Ratio
1.51 1.56 1.77 2.77 2.77 4.03 4.25 3.37 3.27 2.93
PB Ratio
1.14 1.16 1.17 1.90 2.05 2.41 2.28 3.92 3.15 3.08
EV/Sales
(31.53) (49.76) 90.31 36.54 111.63 43.58 (377.50) (1,076.11) 29.13 11.48
EV/FCF
0 3 12 31 39 41 5 7 62 108
Op' Cash Flow
(15) (11) (7) (10) (32) (13) (9) (8) (9) (11)
Capex
(15) (8) 5 21 7 28 (4) (1) 53 97
FCF
72 30 60 59 91 99 23 58 373 296
Working Cap'
124 132 135 161 159 162 137 10 114 112
Total Debt
62 75 69 67 60 29 47 (74) 13 (12)
Net Debt
271 218 228 252 258 296 325 437 465 383
Sh' Equity
(13.40%) (15.62%) (4.13%) (1.08%) (4.97%) 2.06% 4.02% 11.36% 5.01% (5.72%)
ROA
(12.60%) (15.12%) (1.05%) 2.56% (2.44%) 3.62% 7.66% 5.17% 9.77% 2.37%
ROIC
(24.15%) (33.93%) (9.42%) (2.46%) (11.46%) 4.78% 9.08% 22.06% 8.69% (10.21%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Harmonic Inc. peers in Communication Equipment

All 47 Communication Equipment stocks →

Harmonic Inc. (HLIT) key facts

  • Harmonic Inc. (HLIT) is a Communication Equipment company in the Technology sector, listed on Nasdaq.
  • Harmonic Inc. reported a net loss of $43.3 million, or a loss of $0.38 per share, for fiscal 2025.
  • As of September 25, 2026, HLIT traded at $11.01, a market capitalization of $1.2 billion.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 2.7× sales.
  • Return on equity was −10.2% and debt-to-equity 0.31.

Source: company filings (standardised) and stockrow calculations.

Harmonic Inc. (HLIT) Latest News

News by impact score

Fine-tune

24 Sep

4

Lightcurve is delivering multi-gigabit broadband to MDUs in central and western Washington by upgrading its network with Harmonic's cOS virtualized platform and Oyster Remote PHY nodes in a distributed access architecture. The solution enables up to 8 Gbps downstream and 1 Gbps upstream over existing coax, delivering fiber-like speeds without ripping out in-building wiring. cOS supports both DOCSIS and fiber, preserving optionality to evolve to fiber as demand and investment priorities shift. Lightcurve is also using Harmonic's Central AI-driven network intelligence for continuous analytics and proactive issue resolution. The upgrade, supported by a software update to cOS Core and the deployment of compact, low-power Oyster nodes, aims to accelerate service delivery, improve subscriber experience and strengthen Lightcurve's market position while keeping fiber overbuild options open in the future. Demonstrates scalable coax-based multi-gigabit opportunities via cOS/DAA, boosting Harmonic's market reach and long-term revenue potential.

15 Sep

4

Harmonic (HLIT) is betting on AI intelligence to reshape broadband operations. AI integration to reshape broadband operations represents a major strategic move likely to alter the company's trajectory.

10 Sep

3

Harmonic Inc. positions itself as a leader in broadband connectivity at SCTE TechExpo 2026 through new technology demonstrations. Expo participation highlights product innovations with moderate effects on market positioning and competitive dynamics.

8 Sep

4

Harmonic Inc. launches cOS SensAI Intelligence Fabric for broadband operations. New AI-based product targets core broadband segment and supports revenue growth plus competitive gains.

19 Aug

3 transcript

Harmonic Inc. (HLIT) released its Q2 2026 earnings via call transcript, covering revenue, profits, segment performance, and forward guidance. Q2 results and guidance provide moderate insight into near-term financials and strategy without indicating major shifts.

13 Aug

4

Harmonic Inc. beat earnings expectations and raised full-year guidance. Earnings beat combined with raised guidance signals stronger near-term financial momentum likely to lift stock trajectory and sentiment.

4

Harmonic Inc. shifts to pure-play broadband strategy and raises outlook, potentially reshaping investment case for HLIT. Pure-play broadband pivot and raised outlook represent major strategic moves likely to alter company trajectory and investor sentiment.

4

Harmonic Inc (HLIT) Q2 2026 earnings show record backlog and 54% broadband growth. Record backlog provides strong revenue visibility while broadband gains expand market position.

3

Harmonic Inc. (HLIT) delays its next 10-Q filing. Filing delay may raise concerns over financial reporting and pressure short-term stock performance.

3

Harmonic Inc. held its Q2 2026 earnings call, outlining quarterly financial results, operational updates, and forward guidance. Quarterly earnings call delivers financial results and guidance that moderately influence near-term investor sentiment and valuation.

12 Aug

4

Harmonic Inc. reported financial results for the second quarter of 2026. Quarterly earnings releases deliver key financial metrics that typically drive stock price movements and investor sentiment.

3 transcript

Harmonic Inc. (HLIT) Q2 earnings call highlighted revenue growth in broadband solutions, new product momentum in video delivery, raised full-year guidance, and expanded market opportunities in cable and streaming. Q2 earnings and raised guidance supply updated financial metrics and strategic outlook likely to affect near-term stock sentiment.

3

Harmonic Inc. (HLIT) posted Q2 earnings and revenues above analyst estimates. Q2 earnings beat supports short-term positive stock reaction for Harmonic Inc.

5 Aug

3

Climb signed a distribution agreement with Harmonic Security to secure mid-market and enterprise AI adoption. Distribution deal expands Harmonic Security reach into AI security for mid-market and enterprise customers.

21 Jul

3

Bluepeak selects Harmonic technology to accelerate fiber network rollout and expand service into multi-dwelling units. Win with Bluepeak expands Harmonic fiber deployment revenue and market reach.

17 Jun

4

Harmonic Inc. completed divestiture of its video business to MediaKind. Divestiture of entire video business marks major strategic shift that can alter company operations and market focus.

15 Jun

3

Vistance gains from strength in Harmonic Inc.'s Aurora segment, signaling potential further upside for the company. Strength in Aurora segment suggests moderate positive effect on Harmonic's performance and outlook.

12 Jun

3

Harmonic Inc. benefits from solid organic growth drivers that support its market position and raise the question of whether the stock is worth buying. Organic growth drivers point to moderate influence on financial performance and competitive positioning without indicating transformative changes.

31 May

3

Harmonic Inc. secures new AI video and broadband wins that may indicate a competitive edge in core markets. New AI video and broadband wins may moderately boost Harmonic competitive positioning and performance without fundamentally altering its trajectory.

19 May

3

DNA Finland extends fiber-grade connectivity to lower-density MDUs using Harmonic solutions. Contract win broadens Harmonic access to European MDU fiber market.

13 May

4

Inter Venezuela selects Harmonic for PON-based mobile backhaul to enable 5G growth. Harmonic secures PON backhaul contract from Inter Venezuela for 5G expansion, signaling revenue growth in emerging telecom markets.

12 May

4 transcript

Harmonic Inc. (HLIT) released Q1 2026 earnings call transcript detailing financial results, guidance, and executive commentary. Q1 2026 earnings transcript discloses financial performance and forward guidance pivotal to HLIT's stock trajectory and investor sentiment.

4

Harmonic Inc. (HLIT) released Q1 2026 earnings call summary highlighting financial results, guidance, and strategic updates. Earnings call summaries deliver key financial metrics, forward guidance, and strategic insights that significantly shape investor expectations and stock trajectory.

4

Harmonic Inc. (HLIT) Q1 2026 earnings call highlighted strong broadband growth despite ongoing supply chain challenges. Strong broadband growth amid supply chain issues signals significant positive momentum for revenue and market positioning.

11 May

4

Harmonic Inc. (HLIT) Q1 earnings call highlights financial performance, strategic initiatives, and forward-looking guidance. Q1 earnings highlights detail financial results and guidance that significantly shape HLIT's market trajectory and investor sentiment.

4

Harmonic Inc. announced first quarter 2026 financial results, highlighting key performance metrics, revenue, and future outlook for the video streaming and broadband solutions provider. Quarterly earnings releases like Q1 2026 results directly influence stock price volatility and investor perceptions of financial health and guidance.

3

Harmonic Inc. (HLIT) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates positively impacts financial performance and market sentiment for HLIT.

6 May

4

Harmonic Inc. unveiled advancements defining a new era of broadband connectivity at ANGA COM 2026. Major trade show showcase of broadband innovations boosts HLIT's competitive positioning and investor sentiment.

30 Apr

4

Harmonic Inc. (HLIT) to unveil game-changing innovations at Fiber Connect 2026. Unveiling game-changing innovations at a key industry event signals major product advancements that could significantly enhance HLIT's competitive position and market performance.

27 Apr

4

Harmonic (HLIT) upgrades DIRECTV's cloud infrastructure and expands AI capabilities, positioning the company for enhanced revenue, market share growth, and shareholder value through strategic video tech advancements. DIRECTV cloud upgrade with a major client and AI expansion drive significant revenue potential and competitive edge in video streaming.

stockrow.com/HLIT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com