Harmonic Inc.
HLIT Technology Communication Equipment
In the quarter to June 2026, revenue grew 53.6%, EPS fell 166.7%, free cash flow grew 54.6% and total debt fell 11.8%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.
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Harmonic Inc. (HLIT) P/E ratio
Harmonic Inc. has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 204× (December 2023) — the current reading is the lowest in ten years.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 38.9× | 122.61% |
| FY2023 | 17.5× | (64.63%) |
| FY2022 | 49.4× | (47.47%) |
| FY2021 | 94.1× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
| FY2018 | 0.0× | — |
| FY2017 | 0.0× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 23.7× | 50.00% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| NTGR NETGEAR, Inc. compare | n/m |
| ADTN ADTRAN Holdings, Inc. compare | n/m |
| HLIT Harmonic Inc. | n/m |
| TSAT Telesat Corporation compare | n/m |
| VISN Vistance Networks, Inc. compare | 0.2× |
| GILT Gilat Satellite Networks Ltd. compare | 17.0× |
| DGII Digi International Inc. compare | 53.8× |
| EXTR Extreme Networks, Inc. compare | 67.9× |
| FEIM Frequency Electronics, Inc. compare | 261× |
| Communication Equipment industry median | 33.5× |
| Technology sector median | 28.2× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)