Harmonic Inc. (HLIT) Stock Price & Analysis
Harmonic Inc. (HLIT) closed at USD 10.09 on Thursday, October 22, 2026, down 5.96% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 10.09; the Oct 22, 2026 session ranged USD 10.03–10.67 on volume of 1,717,814 shares. Market capitalization is —, with a 52-week range of USD 8.47–17.68 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/HLIT.md
Key facts (HLIT)
- Last four reported quarters (through Jul 3, 2026): revenue $345M, net income -$47.1M (-13.7% margin), free cash flow $1.4M (SEC filings).
- 1 of 80 tracked superinvestors hold HLIT (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y -3.0% vs S&P 500 +14.9%; 5Y +8.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 0.17, revenue estimate $128M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HLIT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $507M | $625M | $388M | $488M | $361M | $345M |
| Gross profit | $260M | $316M | $178M | $240M | $175M | — |
| Operating income | $18.8M | $45.5M | $30.0M | $74.7M | $14.1M | $44.2M |
| Net income | $13.3M | $28.2M | $84.0M | $39.2M | -$43.3M | -$47.1M |
| EPS (diluted) | $0.12 | $0.25 | $0.72 | $0.33 | -$0.38 | — |
| Free cash flow | $28.0M | -$3.8M | -$1.4M | $52.7M | $96.9M | $1.4M |
| Gross margin | 51.2% | 50.5% | 45.9% | 49.2% | 48.5% | — |
| Operating margin | 3.7% | 7.3% | 7.7% | 15.3% | 3.9% | 12.8% |
| Net margin | 2.6% | 4.5% | 21.6% | 8.0% | -12.0% | -13.7% |
| Revenue growth | +33.9% | +23.2% | -37.8% | +25.7% | -26.2% | — |
| Cash + short-term investments | $133M | $89.6M | — | — | $124M | — |
| Total debt | $18.0M | $15.9M | $0K | $114M | $112M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 3, 2026) (HLIT)
P/S 3.2x · EV/EBITDA 17.8x · EV/Sales 2.8x · P/FCF 794.6x · P/B 3.0x · FCF yield 0.13% · Earnings yield -4.28% · Buyback yield (TTM) 6.53% · Net cash $121M · EV $979M
P/E at fiscal year-ends: Dec 2024 39.6x, Dec 2023 18.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (HLIT)
1 of 80 tracked investors hold HLIT. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.04% | $23.6M | Added +22.5% |
Analysts (HLIT)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-01 | Rosenblatt | Maintained | Buy | $20 |
| 2026-09-16 | Rosenblatt | Maintained | Buy | $20 |
| 2026-08-13 | Barclays | Target raised | Equal-Weight | $15 → $16 |
| 2026-08-13 | Rosenblatt | Maintained | Buy | $20 |
Total return (dividends reinvested) (HLIT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -3.0% | +8.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -3.0% | +1.7% |
| Volatility (annualized) | 52.3% | 47.0% |
| Max drawdown | -41.5% (May 2026→Oct 2026) | -53.7% (Jun 2023→Mar 2025) |
HLIT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.17 | $0.14 | +18.5% | $128.4M | 7 |
| Next quarter (ends Dec 2026) | $0.12 | $0.10 | +20.7% | $131.4M | 3 |
| Current fiscal year (ends Dec 2026) | $0.50 | $0.41 | +21.1% | $516.6M | 3 |
| Next fiscal year (ends Dec 2027) | $0.81 | $0.78 | +3.9% | $572.0M | 7 |
HLIT options: expected move
Options price a move of about ±20.0% (±$2.03) by Nov 20, 2026, which includes earnings on Nov 2, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 89.0% | ±20.0% |
| Dec 18, 2026 | 56 | 76.0% | ±24.0% |
| Jan 15, 2027 | 84 | 67.2% | ±25.7% |
| Apr 16, 2027 | 175 | 71.6% | ±39.3% |
30-day implied volatility 79.2% vs 47.6% realized over the last 30 trading days. Put/call ratio (volume) 0.07. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 10.09 |
|---|---|
| Change | ▼ 5.96% (down) |
| Previous Close | USD 10.09 |
| Open | USD 10.09 |
| Day Range | USD 10.03 – 10.67 |
| 52-Week Range | USD 8.47 – 17.68 |
| Volume | 1,717,814 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (HLIT)
Nexqual's technical model rates HLIT "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 37.5 (neutral) |
| vs SMA50 | Below (USD 11.48) |
| MACD | -0.23 (negative) |
Earnings (HLIT)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 0.17 |
| Revenue Estimate | $128.39M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.21 vs est 0.17 ▲ beat |
| 2026-03-31 | USD 0.17 vs est 0.12 ▲ beat |
| 2025-12-31 | USD 0.14 vs est 0.1 ▲ beat |
| 2025-09-30 | USD 0.12 vs est 0.05 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (HLIT)
| Total Revenue | $443.88M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +53.50% |
| Gross Margin | +50.01% |
| Operating Margin | +18.03% |
| Profit Margin | -10.62% |
| ROE | +6.55% |
| Debt / Equity | 0.36 |
| Current Ratio | 3.05 |
| Total Cash | $231.86M |
| Total Debt | $130.12M |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $1.39M (0.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (HLIT)
Nexqual rates Harmonic Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Critical — Revenue -47% YoY (annual), sharp decline |
|---|---|
| Profitability | Strong — Gross margin 50%, operating 18% (last 12 months) |
| Balance Sheet | Strong — $232M cash and investments vs $111M debt (Jul 2026, SEC), net cash |
| Cash Flow | Mixed — FCF $1M (last 4 quarters to Jul 2026, SEC), slim 0.4% margin |
| Efficiency | Mixed — ROE 7%, ROA 4.7% |
Ownership (HLIT)
| Insider Ownership | +1.84% |
|---|---|
| Institutional Ownership | +86.39% |
| Shares Outstanding | 109.07M |
| Float | 107.01M |
| Short % of Float | +8.78% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (HLIT)
Harmonic Inc. is led by Nimrod Ben-Natan, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:26 UTC.
| President, CEO & Director | Nimrod Ben-Natan |
|---|---|
| Chief Financial Officer | Walter F. Jankovic |
| Vice President of Marketing | Pamela Gillies |
| Senior Vice President of Global Sales & Broadband | Jeffrey Glahn |
| Senior Vice President of Business Development | Jeremy Rosenberg |
Major Backers & Investors (HLIT)
Notable institutional backers of Harmonic Inc. include Price (T.Rowe) Associates Inc, Arrowstreet Capital, Limited Partnership, American Century Companies Inc, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 4.4% |
| Arrowstreet Capital, Limited Partnership | 3.02% |
| American Century Companies Inc | 2.95% |
| Morgan Stanley | 1.96% |
| T. Rowe Price | 1.73% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.51% |
| Vanguard Group | 9.31% |
| State Street | 4.72% |
| Dimensional Fund Advisors | 2.68% |
| Geode Capital | 2.62% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| VISN | Vistance Networks, Inc. | USD 6.08 | ▼ 0.49% |
| FEIM | Frequency Electronics, Inc. | USD 61.6 | ▼ 9.66% |
| TSAT | Telesat Corporation | USD 40.4 | ▼ 4.33% |
| NTGR | NETGEAR, Inc. | USD 22.31 | ▼ 1.98% |
| GILT | Gilat Satellite Networks Ltd. | USD 7.45 | ▼ 5.34% |
| ADTN | ADTRAN Holdings, Inc. | USD 6.45 | ▼ 3.59% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt