Harmonic Inc. (HLIT)
NASDAQ:HLIT
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Earnings Data
Report Date
Aug 03, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.17Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: robust Q1 results (43% broadband revenue growth), record backlog (up 87%), expanding rest-of-market traction (78% growth), raised full-year guidance, solid cash generation and active capital returns. Challenges noted include supply-chain and memory cost pressures that compress second-half margins (net ~$6M memory impact), continued revenue concentration (two customers = 58% of revenue), stranded costs tied to the video sale, and component availability risks that prompted conservative sequential guidance. On balance, the company demonstrated clear execution, improving visibility and a plan to mitigate risks while pursuing growth in DOCSIS 4.0, fiber and network intelligence.Company Guidance
Strong Broadband Revenue Growth
Q1 broadband revenue rose 43% year-over-year to $121.7 million, exceeding guidance ($100M-$105M) and reflecting broad customer adoption.
Exceptional Rest-of-Market Momentum
Rest-of-market revenue grew 78% year-over-year and accounted for 42% of broadband revenue, demonstrating meaningful progress on customer diversification.
Record Backlog and Improved Visibility
Broadband backlog and deferred revenue reached a record $582.1 million, up 87% year-over-year, with 60% expected to convert to revenue within 12 months.
Beating Profit and EPS Guidance
Q1 operating profit was $26 million (versus guidance $18M-$20M) and non-GAAP EPS was $0.17 (above guidance $0.11-$0.12).
Raised Full-Year Broadband Guidance
Full-year 2026 broadband revenue guidance was raised to $475M-$495M (up $25M or ~5.4% from prior midpoint); full-year EPS guidance increased ~13.8% from prior midpoint to $0.57-$0.67.
Cash Generation and Capital Return
Generated $30.3 million of free cash flow in Q1 and repurchased ~4.2 million shares for $43 million in the quarter (total repurchases to date under $200M program: $122M).
Strong Balance Sheet and Liquidity
Cash and cash equivalents totaled $109 million, plus an $82 million undrawn credit facility and expected all-cash proceeds from the pending video sale (~$145 million before adjustments), supporting capital allocation flexibility.
Expanding Product and Customer Footprint
cOS base includes 150 customers serving 45.7 million CPE devices; fiber products represented more than 14% of appliance & integration revenue over the past year and fiber bookings (including SeaStar MDU) increased in Q1.
Commercial Traction in DOCSIS 4.0 and Network Intelligence
Unified DOCSIS 4.0 customer base expanded with new wins and ramps; operators reported ~20% annual upstream traffic growth at a leading customer; Beacon enablement showed early results including >30% reduction in customer calls.
Customer Satisfaction Improvement
Customer Net Promoter Score (NPS) increased to 85 in Q1 from 82 at year-end 2025, reflecting improved execution and customer outcomes.
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 |
|---|---|---|---|
May 11, 2026 | $12.83 | $12.95 | +0.94% |
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% |
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 Aug 03, 2026, After Close (Confirmed).
What is Harmonic Inc. (HLIT) earnings time?
Harmonic Inc. (HLIT) earnings time is at Aug 03, 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 (Q2) is 0.17.