What is Harmonic's work in process?

Harmonic (HLIT) reported work in process of $2.51M in Q1 2026.

How has Harmonic's work in process changed year-over-year?

Harmonic's work in process decreased by 29.2% year-over-year, from $3.55M to $2.51M.

What is the long-term trend for Harmonic's work in process?

Over 5 years (2020 to 2025), Harmonic's work in process has grown at a 21.1% compound annual growth rate (CAGR), from $1.69M to $4.39M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Harmonic HLIT Work in process

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Other financials

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

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Market cap$1.59B-11.8%

Enterprise value$1.61B-8.9%

P/S4×0.0×

Profitability

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Gross margin49.7%—

Operating margin21.5%—

Net margin-10.4%-22.2pp

FCF margin0%—

Returns & leverage

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Return on equity-10.5%-22.9pp

Debt / equity0.4×+0.1×

Current ratio2.3×+0.2×

Where this comes from

Reported directly by Harmonic in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Harmonic’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Harmonic's work in process?: Harmonic (HLIT) reported work in process of $2.51M in Q1 2026.
How has Harmonic's work in process changed year-over-year?: Harmonic's work in process decreased by 29.2% year-over-year, from $3.55M to $2.51M.
What is the long-term trend for Harmonic's work in process?: Over 5 years (2020 to 2025), Harmonic's work in process has grown at a 21.1% compound annual growth rate (CAGR), from $1.69M to $4.39M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.