What is Harmonic's inventory turnover?

Harmonic (HLIT) reported inventory turnover of 3.3× in Q1 2026.

How has Harmonic's inventory turnover changed year-over-year?

Harmonic's inventory turnover increased by 9.2% year-over-year, from 3.1× to 3.3×.

What is the long-term trend for Harmonic's inventory turnover?

Over 5 years (2020 to 2025), Harmonic's inventory turnover has grown at a -8.2% compound annual growth rate (CAGR), from 5.7× to 3.7×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Harmonic HLIT Inventory turnover

Inventory turnover at other companies

Cisco Systems, Inc.CSCO

5.7×-0.8×

CalixCALX

3.6×+0.2×

MaxLinearMXL

2.5×+0.8×

CienaCIEN

3.2×+0.9×

CoherentCOHR

2.4×-0.4×

BeldenBDC

3.7×+0.1×

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

Calculated from Harmonic’s reported figures.

total cost of revenue/inventories=3.3×

Based on trailing twelve months.

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 inventory turnover?: Harmonic (HLIT) reported inventory turnover of 3.3× in Q1 2026.
How has Harmonic's inventory turnover changed year-over-year?: Harmonic's inventory turnover increased by 9.2% year-over-year, from 3.1× to 3.3×.
What is the long-term trend for Harmonic's inventory turnover?: Over 5 years (2020 to 2025), Harmonic's inventory turnover has grown at a -8.2% compound annual growth rate (CAGR), from 5.7× to 3.7×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.