Harmonic Inc. HLIT R2KR3KAITECH
Company Overview
Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. The company provides software-based broadband access solution, including cOS software-based broadband access solutions to broadband operators, an end-to-end solution consisting of virtualized cloud-native software; hardware products include Oyster, Ripple and SeaStar DAA nodes; Reef and Wave PHY shelf products; pebble remote PHY Devices; and fin, pearl and pier OLT modules and devices; and cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. It also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. It also serves cable and telco operators. The company was incorporated in 1988 and is headquartered in San Jose, California.
Why Investors Should Care
Operating margin of 16.8% supports profitability.
Carries low leverage with a debt-to-equity ratio of 0.37.
Recent Developments
- Dec 2025 Revenue of $360.52M (-26.2% YoY); net profit $-43.31M.
- Trailing 12 Months Year-on-year growth — revenue +43.4%, earnings +31.9%.
- 5-Year Trend Long-term compounding — revenue CAGR -0.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -0.07% |
| 1 Year: | 43.40% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | 31.90% |
Stock Price Performance
| 1 Year: | +27.77% |
| 6 Months: | +25.59% |
| 3 Months: | -11.23% |
| 1 Month: | +0.86% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Harmonic provides software-based broadband and video-delivery solutions that modernise the networks carrying data and AI-driven services.
Virtualised, cloud-native broadband access and video-streaming infrastructure for operators.
- Cloud-native broadband Harmonic's cOS virtualises broadband access, modernising operator networks for data growth.
- Video streaming SaaS Cloud video solutions deliver streaming at scale.
- Network efficiency Software-based architecture improves operator agility and capacity.
- Broadband/video-infrastructure vendor enabling the data networks AI rides on.
- Strong growth (~43%) led by virtualised broadband adoption.
- Currently loss-making with lumpy operator deployments.
- Customer concentration and project timing are key risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 147.2.
- Revenue declined at -0.1% CAGR over 5 years.
- Trading 31.1% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HLIT Harmonic Inc. R2KR3KAITECH | 11.78 | 147.25 | $1.28B | 0.00% | 2.70% | 2.12% | -0.07% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 230.36 | 35.28 | $5.58T | 0.46% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 319.97 | 36.69 | $4.67T | 0.35% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 499.70 | 27.85 | $3.71T | 0.73% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 426.34 | 37.46 | $2.21T | 0.91% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 357.90 | 59.55 | $1.70T | 0.62% | 16.70% | 37.28% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,016.59 | 22.97 | $1.15T | 0.06% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 477.57 | 122.14 | $779.62B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,714.88 | 58.49 | $658.69B | 0.53% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2014 | Apr 2015 | Jul 2015 | Oct 2015 | Dec 2015 | Apr 2016 | Jul 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Apr 2021 | Jul 2021 | Oct 2021 | Apr 2022 | Jul 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Apr 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | 82.94M | 82.31M | 92.01M | 100.97M | 90.13M | 99.16M | 100.62M | 113.66M | 80.11M | 84.86M | 115.72M | 122.18M | 78.42M | 73.99M | 94.89M | 111.58M | 113.45M | 126.32M | 147.44M | 157.45M | 155.74M | 157.65M | 155.96M | 127.20M | 122.06M | 138.74M | 195.76M | 84.88M | 138.03M | 142.38M | 121.69M |
| Gross Profit | 56.79M | 55.03M | 54.38M | 46.23M | 47.07M | 40.65M | 51.04M | 51.36M | 57.69M | 40.41M | 33.81M | 47.02M | 48.57M | 47.18M | 51.60M | 50.10M | 60.32M | 41.85M | 43.93M | 75.54M | 61.70M | 36.74M | 37.77M | 48.92M | 55.15M | 60.51M | 66.15M | 69.18M | 82.40M | 78.60M | 84.05M | 84.94M | 61.68M | 63.08M | 73.46M | 104.73M | 46.48M | 73.79M | 77.13M | 63.62M |
| Operating Income | - | 13.00K | -343.00K | -6.26M | - | -20.76M | -18.12M | -11.93M | - | -21.16M | -27.42M | -14.21M | - | -9.33M | 642.00K | -3.65M | - | -8.41M | -7.76M | 22.55M | - | -18.05M | -9.55M | -1.62M | -3.84M | 2.14M | 5.37M | 2.54M | 15.08M | 11.42M | 11.18M | 9.96M | -8.60M | -9.53M | -15.63M | 35.42M | 7.04M | 3.87M | 9.82M | 20.45M |
| Net Income | -4.85M | -2.66M | -994.00K | -4.81M | -7.20M | -25.18M | -20.68M | -16.01M | -10.44M | -24.03M | -31.50M | -15.58M | -11.52M | -13.69M | -2.91M | -7.76M | 3.33M | -11.31M | -11.85M | 11.66M | 5.57M | -21.95M | -15.40M | -5.38M | -6.12M | -2.01M | 1.53M | -1.53M | 14.84M | 8.74M | 5.09M | 1.55M | -6.50M | -8.09M | -12.53M | 21.72M | 5.94M | 2.87M | 2.69M | 7.31M |
| Diluted EPS | -0.06 | -0.03 | -0.01 | -0.05 | -0.08 | -0.33 | -0.27 | -0.21 | -0.13 | - | - | - | - | - | - | -0.09 | - | -0.13 | -0.13 | 0.12 | 0.06 | - | - | -0.06 | -0.06 | -0.02 | 0.01 | -0.01 | 0.14 | 0.08 | 0.04 | 0.01 | -0.06 | -0.07 | -0.11 | 0.19 | 0.05 | 0.03 | 0.02 | 0.07 |
| R&D Expense | - | 22.33M | 21.82M | 21.68M | - | 23.56M | 26.51M | 24.20M | - | 24.88M | 27.05M | 21.29M | - | 23.46M | 21.54M | 22.25M | - | 21.40M | 21.31M | 20.20M | - | 22.12M | 19.50M | 20.21M | 23.53M | 24.78M | 26.55M | 28.83M | 29.92M | 30.47M | 33.51M | 32.20M | 30.32M | 30.70M | 28.78M | 30.07M | 19.66M | 29.44M | 29.70M | 20.88M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 364.96M | 319.57M | 423.34M | 490.87M | 476.87M | 461.94M | 433.56M | 377.03M | 405.91M | 358.25M | 403.56M | 402.87M | 378.83M | 507.15M | 624.96M | 388.48M | 488.20M | 360.52M |
| Gross Profit | 177.53M | 134.36M | 195.40M | 236.82M | 220.53M | 220.44M | 212.35M | 202.71M | 200.75M | 169.82M | 209.21M | 223.01M | 195.00M | 259.74M | 315.88M | 178.12M | 240.11M | 174.75M |
| Operating Income | 39.30M | -12.04M | 5.14M | 1.51M | -17.92M | -23.02M | -21.57M | -12.95M | -67.04M | -70.88M | -5.01M | 13.08M | -12.45M | 18.81M | 45.52M | 30.03M | 74.73M | 14.08M |
| Net Income | 63.99M | -24.14M | -4.33M | 8.78M | -10.94M | 37.03M | -46.25M | -15.66M | -72.31M | -82.95M | -21.04M | -5.92M | -29.27M | 13.25M | 28.18M | 83.99M | 39.22M | -43.31M |
| Diluted EPS | 0.67 | -0.25 | -0.04 | 0.08 | -0.09 | 0.34 | -0.50 | -0.18 | - | - | - | -0.07 | -0.30 | 0.12 | 0.25 | 0.72 | 0.33 | -0.38 |
| R&D Expense | 54.47M | 61.44M | 77.20M | 99.31M | 102.63M | 99.94M | 93.06M | 87.55M | 98.40M | 95.98M | 89.16M | 84.61M | 82.49M | 102.23M | 120.31M | 69.71M | 72.57M | 76.33M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Jan 2017 | Dec 2017 | Jan 2018 | Dec 2018 | Jan 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 556.30M | 720.39M | 734.17M | 717.53M | 606.08M | 480.52M | 524.96M | 554.07M | - | 508.06M | - | 510.83M | - | 587.33M | 591.52M | 693.69M | 710.02M | 768.21M | 796.51M | 718.48M |
| Total Equity | 334.41M | 414.32M | 407.47M | 520.20M | 564.32M | 553.41M | 494.17M | 371.81M | 328.17M | 270.64M | 272.07M | 229.77M | 229.77M | 228.25M | 229.65M | 252.45M | 258.30M | 295.91M | 324.51M | 436.87M | 465.26M | 383.25M |
| Cash & Equivalents | 129.00M | 179.89M | 152.48M | 96.53M | 90.98M | 96.67M | 90.33M | 73.03M | 126.19M | 55.63M | - | 57.02M | - | 65.99M | - | 93.06M | 98.64M | 133.43M | 89.59M | 84.27M | 101.46M | 124.11M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | 19.33M | - | 21.85M | - | 19.70M | - | 17.15M | 21.84M | 17.98M | 15.92M | 0 | 112.08M | 109.14M |
| Total Liabilities | - | - | 148.83M | 200.18M | 169.85M | 164.12M | 111.92M | 108.70M | 196.79M | 283.43M | - | 289.72M | - | 282.58M | - | 332.47M | 333.22M | 396.89M | 385.51M | 331.33M | 331.25M | 335.24M |
| Current Liabilities | - | - | 93.11M | 130.65M | 112.82M | 102.89M | 85.08M | 89.93M | 84.88M | 144.90M | - | 142.09M | - | 136.41M | - | 191.90M | 147.29M | 224.46M | 322.07M | 272.39M | 192.28M | 197.95M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 60.13M | 11.09M | 17.57M | 45.18M | 70.81M | 53.76M | 47.37M | 6.35M | 438.00K | 3.06M | 12.28M | 31.30M | 39.16M | 41.02M | 5.48M | 7.06M | 61.92M | 107.97M |
| Investing Cash Flow | -17.95M | -42.91M | -96.36M | -65.33M | -47.55M | 51.09M | 27.80M | -10.41M | -70.48M | -4.50M | -6.94M | -10.33M | -32.20M | -12.97M | -1.29M | -8.47M | -9.19M | -11.08M |
| Financing Cash Flow | 8.46M | 4.24M | 22.96M | 14.66M | -17.70M | -111.20M | -92.01M | 57.53M | -152.00K | 895.00K | 2.65M | 6.30M | -2.11M | 7.94M | -43.13M | -4.99M | -33.27M | -81.39M |
| Capital Expenditure | -8.55M | -8.09M | -35.62M | -17.27M | -12.61M | -14.58M | -10.06M | -14.36M | -15.11M | -11.40M | -7.04M | -10.33M | -32.20M | -12.97M | -9.25M | -8.47M | -9.19M | -11.08M |
| Free Cash Flow | 51.58M | 3.00M | -18.06M | 27.91M | 58.20M | 39.18M | 37.30M | -8.01M | -14.67M | -8.34M | 5.24M | 20.97M | 6.96M | 28.04M | -3.77M | -1.42M | 52.73M | 96.89M |
| Share Buybacks | - | - | - | 0 | 22.64M | 116.53M | 93.13M | 72.86M | 0 | 0 | - | - | 0 | 0 | 5.13M | 0 | 30.05M | 79.03M |
| Dividends Paid | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 48.6% | 42.0% | 46.2% | 48.2% | 46.2% | 47.7% | 49.0% | 53.8% | 49.5% | 47.4% | 51.8% | 55.4% | 51.5% | 51.2% | 50.5% | 45.9% | 49.2% | 48.5% |
| Operating Margin % | 10.8% | -3.8% | 1.2% | 0.3% | -3.8% | -5.0% | -5.0% | -3.4% | -16.5% | -19.8% | -1.2% | 3.2% | -3.3% | 3.7% | 7.3% | 7.7% | 15.3% | 3.9% |
| Net Margin % | 17.5% | -7.6% | -1.0% | 1.8% | -2.3% | 8.0% | -10.7% | -4.2% | -17.8% | -23.2% | -5.2% | -1.5% | -7.7% | 2.6% | 4.5% | 21.6% | 8.0% | -12.0% |
| ROE % | 15.4% | -5.9% | -0.8% | 1.6% | -2.0% | 7.5% | -12.4% | -4.8% | -26.7% | -36.1% | -9.2% | -2.3% | -11.3% | 4.5% | 8.7% | 19.2% | 8.4% | -11.3% |
| ROCE % | - | -2.6% | 0.9% | 0.2% | -2.9% | -4.4% | -5.5% | -2.9% | -16.4% | -19.4% | -1.3% | 3.3% | -2.8% | 4.0% | 11.7% | 6.1% | 12.4% | 2.7% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 16.51% | 18.00M | $216.41M |
| 2 | Vanguard Portfolio Management LLC | 4.94% | 5.39M | $64.78M |
| 3 | State Street Corporation | 4.72% | 5.15M | $61.88M |
| 4 | Price (T.Rowe) Associates Inc | 4.40% | 4.79M | $57.62M |
| 5 | Vanguard Capital Management LLC | 4.37% | 4.77M | $57.34M |
| 6 | Arrowstreet Capital, Limited Partnership | 3.02% | 3.29M | $39.57M |
| 7 | American Century Companies Inc | 2.95% | 3.22M | $38.65M |
| 8 | Dimensional Fund Advisors LP | 2.68% | 2.92M | $35.08M |
| 9 | Geode Capital Management, LLC | 2.62% | 2.85M | $34.30M |
| 10 | Morgan Stanley | 1.96% | 2.14M | $25.72M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for HLIT
Harmonic to Host Investor Day in New York on September 15, 2026
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband solutions, today announced that it will host an Investor Day on Tuesday, September 15, 2026, in New York City. The event will run from 10:00 a.m. to 12:15 p.m. ET (7:00 …
Harmonic (HLIT) Q2 2026 Earnings Call Transcript
Revenue surged 54% as broadband and fiber demand accelerated post-divestiture.
Harmonic to Participate in Upcoming Investor Conferences
Harmonic (NASDAQ: HLIT) today announced that Nimrod Ben-Natan, President and Chief Executive Officer of Harmonic, and Walter Jankovic, Chief Financial Officer, will host investor meetings at the Jefferies Semiconductor, IT Hardware & Commun…
Is Harmonic (HLIT) Cheap On Its Earnings Beat And Raised Guidance?
Why Harmonic’s latest quarterly update matters for investors Harmonic (HLIT) is back in focus after reporting second quarter results that topped earnings and revenue estimates, while also raising full year guidance as it completes its move …
Is Harmonic’s Pure-Play Broadband Pivot And Raised Outlook Reshaping The Investment Case For HLIT?
In the past few days, Harmonic Inc. reported Q2 2026 results showing broadband revenue of US$133.46 million, up sharply from US$86.92 million a year earlier, but swinging from a net income of US$2.87 million to a net loss of US$2.32 million…
Harmonic (HLIT) Delays Its Next 10 Q Filing
Harmonic (NasdaqGS: HLIT) disclosed a delay in filing its upcoming Form 10-Q with the SEC. The company cited the need for additional time to complete required financial reporting procedures. The postponed filing leaves investors waiting for…
HLIT — Frequently Asked Questions
What is the current share price of Harmonic Inc. (HLIT)?
As of 2026-09-07 16:24 PDT, Harmonic Inc. (HLIT) trades at $11.78 on NasdaqGS. Its 52-week range is $8.76 to $17.11.
What is the market capitalisation of HLIT?
Harmonic Inc. (HLIT) has a market capitalisation of $1.28B on NasdaqGS.
What is the P/E ratio of HLIT?
HLIT trades at a trailing price-to-earnings (P/E) ratio of 147.25. The industry average P/E is 32.42. Its price-to-book (P/B) ratio is 3.62.
What is the return on equity (ROE) of HLIT?
HLIT has a return on equity (ROE) of 2.12%. Its return on capital employed (ROCE) is 2.70%.
Is HLIT a good stock to buy?
This page provides a data-driven analysis of Harmonic Inc. (HLIT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.