Harmonic Inc.
HLIT
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Harmonic Inc. operates in the growing communication equipment industry, which is benefiting from increased demand for streaming and broadband services.
- Revenue increased by 10% compared to the prior quarter, reaching $133 million.
- Gross margin improved to 52.4%, up from 52.3% in the previous quarter.
- The company has a negative profit margin of -10.62%, indicating ongoing profitability challenges.
- In the most recent quarter, net income was -$2.324 million, reflecting continued losses.
- The trailing P/E ratio is 43.15, suggesting the stock may be overvalued compared to its earnings.
Fundamentals
| Market cap | $1.21B | Enterprise value | $1.11B | Trailing P/E | 42.58 | Forward P/E | 13.71 |
| PEG | 1.84 | Price / book | 3.35 | Beta | 1.34 | Dividend yield | 0.00% |
| Revenue growth | 53.5% | Earnings growth | — | Gross margin | 50.0% | Operating margin | 18.0% |
| Profit margin | -10.6% | ROE | 6.5% | ROA | 4.7% | Debt / equity | 0.36 |
| Current ratio | 3.05 | Free cash flow | $71.00M | Analyst recommendation | buy | Mean target | $16.14 |
| 52w high | $17.68 | 52w low | $8.47 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $133M | $122M | -$53.0M | $142M | $86.9M | — |
| Op margin | 18.0% | 16.8% | 19.2% | 7.7% | 1.5% | — |
| Net income | -$2.3M | $7.3M | -$54.8M | $2.7M | $2.9M | — |
| Gross margin | 52.4% | 52.3% | 103.3% | 54.2% | 45.8% | — |
| Gross profit | $69.9M | $63.6M | -$54.8M | $77.1M | $39.8M | — |
| Operating income | $24.1M | $20.4M | -$10.2M | $10.9M | $1.3M | — |
- Revenue +10% vs prior quarter ($133M vs $122M).
- Gross margin 52.4% (was 52.3% prior quarter).
- Operating margin expanded to 18%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $361M | $488M | $388M | $625M | — |
| Op margin | 4.7% | 18.1% | 7.8% | 7.8% | — |
| Net income | -$43.3M | $39.2M | $84.0M | $28.2M | — |
| Gross margin | 48.5% | 49.2% | 45.9% | 50.5% | — |
| Gross profit | $175M | $240M | $178M | $316M | — |
| Operating income | $17.0M | $88.4M | $30.1M | $48.9M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · Comcast (CMCSA) Builds Smarter Fiber Network As Rural Broadband Push Gains Ground
2026-10-08 · Harmonic Showcases Vendor-Agnostic Intelligence and Versatile Fiber Portfolio at Network X 2026
2026-10-04 · Comcast-Backed Recon Fiber Monitoring Launch Could Be A Game Changer For Harmonic (HLIT)
2026-09-30 · Harmonic Launches Recon Network Monitoring Product Family Developed With Comcast
2026-09-30 · Harmonic Launches Recon Product Family Developed in Partnership with Comcast
2026-09-24 · Lightcurve Teams Up with Harmonic to Deliver Multi-Gigabit Broadband Services to MDUs over Coax
2026-09-15 · Harmonic (HLIT) Bets On AI Intelligence To Reshape Broadband Operations
2026-09-10 · Harmonic Leads the New Era of Broadband Connectivity at SCTE TechExpo 2026
2026-09-08 · Harmonic Unveils cOS SensAI Intelligence Fabric for Broadband Operations
2026-08-27 · Harmonic to Host Investor Day in New York on September 15, 2026
2026-08-20 · Harmonic (HLIT) Q2 2026 Earnings Call Transcript
2026-08-13 · Stock Market Today, Aug. 13: Stocks Rise as Inflation Cools, Workday Soars 18%
Price (daily)
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