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Harmonic

HLIT

Harmonic Inc. is a leading global provider of virtualized broadband access solutions that enable cable and telecommunications operators to deliver high-speed data, voice, and video services.

Market cap
$1.2B+17.7%
Revenue$402.1M-10.9%
Net income-$41.9M-179%
Free cash flow$142.7M+143%
EPS (diluted)-$0.36-180%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 12, 2026 (In 1 week)
Revenue estimate$120.9M
EPS estimate$0.17

Financials

Q1 2026

Income statement

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Revenue$121.7M+43.4%
Gross profit$63.6M+36.9%
Operating income$20.4M+191%
Net income$7.3M+23.0%
EPS (diluted)$0.07+40.0%

Balance sheet

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Cash & equivalents$109.4M-26.6%
Total debt$131.1M-4.4%
Total equity$355.2M-20.4%
Total assets$705.3M-8.8%

Cash flow

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Operating cash flow$31.7M-62.1%
CapEx$1.4M-25.3%
Free cash flow$30.3M-62.9%

Valuation & ratios

Valuation

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Market cap$1.23B+17.7%
Enterprise value$1.25B+22.4%
P/S3.1×+0.8×

Profitability

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Net margin-10.4%-22.2pp

Returns & leverage

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Return on equity-10.5%-22.9pp
Debt / equity0.4×+0.1×
Current ratio2.3×+0.2×

Segments

By geography

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Americas$106.4M
Non Us$24.5M+7.9%
EMEA$10.5M
Asia Pacific$4.8M

By product

See full
Appliance Integration$103.8M+45.1%
Saa S Service$17.9M+34.3%
Professional Services$12.1M+6,834%

Competitors

Profile

Harmonic Inc. is a leading global provider of virtualized broadband access solutions that enable cable and telecommunications operators to deliver high-speed data, voice, and video services. The company specializes in software-based architectures that replace traditional hardware-centric infrastructure, allowing operators to scale capacity and improve network efficiency. Its core value proposition centers on reducing facility costs and power consumption while supporting the transition to multi-gigabit and all-IP networks.

Competitive position

A leading provider of virtualized broadband access solutions, particularly recognized for its software-based cOS platform that supports both DOCSIS and PON services.

GeographiesAmericas, Europe, Middle East, Africa, Asia Pacific
Customer segmentsTelecommunications Companies, Cable Service Providers, Enterprise
Business modelHardware, Subscription SaaS, Professional Services, Maintenance and Support
SuppliersContract manufacturers, Semiconductor suppliers, Commercial-off-the-shelf (COTS) server providers, Electronic component suppliers
CustomersCable MSOs, Telecommunications service providers, Broadband resellers, Systems integrators
Listed1995
Employees948.0
CEONimrod Ben-Natan
FilingsSEC EDGAR

Questions, answered.

What is Harmonic's market cap?
Harmonic (HLIT) has a market capitalization of $1.2B and trades on NASDAQ.
What is Harmonic's revenue and profitability?
Harmonic generated $402.1M in trailing twelve-month revenue with a net loss of $41.9M, representing a net margin of -10.4%. Gross margin stands at 49.7%, with free cash flow of $142.7M. These figures are based on the Q1 2026 filing.
Who are Harmonic's competitors?
Harmonic's key competitors include Cisco Systems, Inc., Calix, Inc., MaxLinear, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Harmonic partner with?
Harmonic's notable partners include Plexus Services Corp., Leone Media Inc. (MediaKind).
Where is Harmonic headquartered?
Harmonic is headquartered in United States of America and employs approximately 948 people. It has been publicly traded since 1995.