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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$1.27B+28.0%
Enterprise value$1.29B+29.1%
P/S3.2×+1.0×

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:ResearchAndDevelopmentExpense.

The source filing: Harmonic’s 10-Q, filed May 13, 2026.

Filed
May 13, 2026, 5:03 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-221899
Line itemThree Months Ended / April 3, 2026Three Months Ended / March 28, 2025
Total cost of revenue58,08038,398
Total gross profit63,61546,480
Operating expenses:
Research and development20,88119,664
Selling, general and administrative22,28519,780
Total operating expenses43,16639,444
Income from operations20,4497,036
Interest expense, net(1,079)(1,311)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Harmonic's R&D?
Harmonic (HLIT) reported R&D of $20.88M in Q1 2026.
How has Harmonic's R&D changed year-over-year?
Harmonic's R&D increased by 6.2% year-over-year, from $19.66M to $20.88M.
What is the long-term trend for Harmonic's R&D?
Over 2 years (2021 to 2025), Harmonic's R&D has grown at a -12.2% compound annual growth rate (CAGR), from $102.23M to $78.81M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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