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Harmonic Inc. (HLIT)
NASDAQ:HLIT
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive outlook driven by record bookings, substantial backlog expansion (up 73% YoY), stronger Rest-of-World diversification (33% YoY growth, 41% of broadband revenue), accelerating DOCSIS 4.0 and fiber traction, solid free cash flow ($97M) and a strengthened balance sheet anticipated from the Video sale. Notable near-term headwinds include memory cost pressure (~$6M net built into guidance), stranded costs (~$10M in 2026), tariff impacts, elevated DSO, and a high single-customer concentration in the quarter (one customer = 53% of Q4 revenue). Management provided constructive 2026 guidance (revenue $440M–$480M, implying 22%–33% growth in continuing ops) while taking prudent assumptions on memory and supply timing. Overall, the positive operational momentum and financial visibility from bookings/backlog outweigh the near-term cost and execution risks.Company Guidance
Strong Q4 Broadband Revenue and Sequential Growth
Broadband revenue of $98.2M in Q4 (continuing operations), up 9% sequentially and above the high end of guidance.
Record Quarterly Bookings and High Book-to-Bill
Record Q4 bookings of $346.9M producing a 3.5 book-to-bill ratio, providing strong near-term revenue visibility.
Substantial Backlog and Deferred Revenue Expansion
Backlog and deferred revenue of $573.8M at year-end, up 73% year-over-year; $307M (53.5%) expected to convert within 12 months, a 110% increase year-over-year.
Rest-of-World Revenue Diversification
Rest-of-World broadband revenue grew 33% year-over-year in Q4 and now represents 41% of total broadband revenue, indicating meaningful customer diversification beyond top North American accounts.
Recurring Revenue and SaaS Momentum
Recurring services and SaaS comprised 16% of continuing operations revenue (roughly $58M referenced for 2025), with management highlighting growth initiatives in intelligence-driven tools (Beacon, Pathfinder, subscriber experience detection).
Strong Cash Generation and Balance Sheet
Year-end cash of $124.1M; Q4 free cash flow $9.6M; full-year free cash flow $97M (up $44M YoY). Company increased cash by $22.6M for the year while executing share repurchases.
Shareholder Returns and Capital Flexibility
Under an expanded $200M buyback program, $101M repurchased to date (including $13.3M in Q4 and $21.8M post-year-end); additional liquidity from expected $145M cash proceeds from planned Video sale to MediaKind.
Operational Scale and Customer Traction
146 cOS deployments in production serving 41M cable modems/ONUs; field validation of DOCSIS 4.0 with Vodafone Germany and initial Unified DOCSIS 4.0 node shipments ramping, signaling transition from trials to commercial scale.
Financial Outperformance vs Guidance
Total company Q4 revenue $157.3M, EPS $0.14, adjusted EBITDA $23.8M—each above Q4 guidance. Continuing operations Q4 adjusted EBITDA $12.1M and EPS $0.06 (includes $3M stranded costs).
Market Opportunity and Strategic Focus
Company positioning as a pure-play broadband leader after pending Video sale; management cites cable SAM growth (~$510M in 2025 to >$1.1B by 2030) and fiber addressable market >$2.6B, plus AI/operations as an additional growth vector.
Net Promoter Score and Customer Outcomes
World-class Net Promoter Score of 82 (end of 2025); customer case studies cited improvements in service costs and mean time to repair from DOCSIS 4.0 deployments.
HLIT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HLIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $10.73 | $10.90 | +1.58% |
Nov 03, 2025 | $10.67 | $10.43 | -2.25% |
Jul 28, 2025 | $9.14 | $8.72 | -4.60% |
Apr 28, 2025 | $9.31 | $9.43 | +1.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Harmonic Inc. (HLIT) report earnings?
Harmonic Inc. (HLIT) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Harmonic Inc. (HLIT) earnings time?
Harmonic Inc. (HLIT) earnings time is at May 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HLIT EPS forecast?
HLIT EPS forecast for the fiscal quarter 2026 (Q1) is 0.12.