Harmonic Inc. HLIT R2KAI
Technology · Communication Equipment · United States
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.
READ MORE ›$15.11
+67.52% 1Y
Market & Price
Market Cap
$1.64B
Current Price
$15.11
High / Low (52W)
$17.11 / $8.35
Beta
1.24
Valuation
Stock P/E
188.88
Industry PE
32.74
Forward P/E
19.44
PEG Ratio
1.84
Book Value
$3.27
Price to Book
4.62
P/S
4.13
EV/EBITDA
40.20
Dividend Yield
-
Profitability & Returns
ROCE
2.43%
ROE
2.12%
ROA
2.57%
Profit Margin
-10.56%
Op Margin
16.80%
EPS (Latest Qtr)
$0.07
EPS (TTM)
$0.08
Balance Sheet & Liquidity
Debt/Equity
0.37
Quick Ratio
0.91
Current Ratio
2.27
Debt
$131.06M
Total Assets
$718.48M
Current Assets
$494.37M
Working Capital
$296.42M
Ownership
Promoter Holding
2.01%
Chg in Prom Hold
-
FII / Inst Holding
87.10%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$1.66B
Total Revenue (TTM)
$397.34M
EBITDA
$41.33M
Free Cash Flow
$-81.87M
Operating Cash Flow
$56.05M
Shares Outstanding
108.50M
Gross Margin
48.29%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
-16.75%
Profit 5Y
-84.56%
Revenue (YoY)
43.40%
Earnings (YoY)
31.90%
PROS
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 188.9.
- Revenue declined at -16.8% CAGR over 5 years.
- Earnings shrank at -84.6% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
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
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
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. R2KAI | 15.11 | 188.88 | $1.64B | - | 2.43% | 2.12% | -16.75% | -84.56% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Ad space
Quarterly Results
Figures in USD.
| Metric | 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 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | 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 | - | - | 84.88M | 138.03M | 142.38M | -53.02M | 121.69M | 121.69M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 38.40M | 64.23M | 65.25M | 1.73M | 58.08M | - |
| Gross Profit | 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 | - | - | 46.48M | 73.79M | 77.13M | -54.75M | 63.62M | 63.62M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 39.44M | 67.64M | 66.22M | -44.59M | 43.17M | - |
| Operating Income | -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 | - | - | 7.04M | 6.16M | 10.91M | -10.16M | 20.45M | 20.45M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.13M | 6.90M | 12.76M | -8.59M | 22.91M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.31M | 1.25M | 1.18M | -112.00K | 1.05M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.10M | 2.98M | 8.75M | -11.34M | 19.33M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.73M | 105.00K | 6.05M | -1.05M | 9.68M | - |
| Net Income | -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 | - | - | 5.94M | 2.87M | 2.69M | -54.81M | 7.31M | 7.31M |
| Diluted EPS | -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 | - | - | 0.05 | 0.03 | 0.02 | -0.49 | 0.07 | 0.07 |
| R&D Expense | 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 | - | - | - | - | - | - | - | - | 405.91M | 358.25M | 403.56M | 402.87M | 378.83M | - | 624.96M | 388.48M | 488.20M | 360.52M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 309.07M | 210.36M | 248.09M | 185.78M |
| 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 | - | 315.88M | 178.12M | 240.11M | 174.75M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 267.02M | 147.98M | 151.74M | 157.71M |
| 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 | - | 48.86M | 30.14M | 88.36M | 17.03M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 61.78M | 42.13M | 90.14M | 23.74M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.04M | 2.03M | 6.46M | 3.80M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 44.48M | 27.84M | 71.54M | 8.86M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.30M | -60.49M | 20.82M | 7.64M |
| 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 | - | 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 | - | 0.25 | 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 |
Compounded Sales Growth
| 5 Years: | -16.75% |
| 1 Year: | 43.40% |
Compounded Profit Growth
| 5 Years: | -84.56% |
| 1 Year: | 31.90% |
Stock Price Performance
| 1 Year: | +67.52% |
| 6 Months: | +59.39% |
| 3 Months: | +42.14% |
| 1 Month: | +46.41% |
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 | - | 710.02M | 768.21M | 796.51M | 718.48M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 345.30M | 330.73M | 565.14M | 494.37M |
| 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 | - | 89.59M | 84.27M | 101.46M | 124.11M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 120.95M | 83.98M | 43.06M | 47.84M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 108.43M | 141.53M | 143.72M | 85.94M |
| 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 | - | 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 | - | 322.07M | 272.39M | 192.28M | 197.95M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.16M | 10.49M | 112.08M | 109.14M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 160.78M | 156.05M | 134.68M | 133.18M |
| 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 | - | 324.51M | 436.87M | 465.26M | 383.25M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 109.87M | 112.41M | 116.73M | 111.19M |
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 | - | 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 | - | -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 | - | -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 | - | -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 | - | -3.77M | -1.42M | 52.73M | 96.89M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -38.95M | -6.41M | 19.46M | 15.50M |
| 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 % | - | - | - | - | - | - | - | - | 49.5% | 47.4% | 51.8% | 55.4% | 51.5% | - | 50.5% | 45.9% | 49.2% | 48.5% |
| Operating Margin % | - | - | - | - | - | - | - | - | -16.5% | -19.8% | -1.2% | 3.2% | -3.3% | - | 7.8% | 7.8% | 18.1% | 4.7% |
| Net Margin % | - | - | - | - | - | - | - | - | -17.8% | -23.2% | -5.2% | -1.5% | -7.7% | - | 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% | - | 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% | - | 12.6% | 6.1% | 14.6% | 3.3% |
Shareholding Pattern
Insiders
2.01%
Institutions
87.10%
Public Float
88.88%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 17.66% | 19.17M | $289.59M |
| 2 | Vanguard Portfolio Management LLC | 5.65% | 6.13M | $92.69M |
| 3 | State Street Corporation | 4.48% | 4.86M | $73.45M |
| 4 | Vanguard Capital Management LLC | 4.33% | 4.70M | $71.02M |
| 5 | Dimensional Fund Advisors LP | 3.39% | 3.67M | $55.51M |
| 6 | Trigran Investments Inc | 2.96% | 3.22M | $48.61M |
| 7 | Shaw D.E. & Co., Inc. | 2.86% | 3.10M | $46.87M |
| 8 | Geode Capital Management, LLC | 2.58% | 2.79M | $42.22M |
| 9 | Arrowstreet Capital, Limited Partnership | 2.02% | 2.20M | $33.19M |
| 10 | Alliancebernstein L.P. | 1.90% | 2.06M | $31.09M |
Analyst View
Loading analyst coverage…
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for HLIT
No recent headlines available.