HLIT · Harmonic Inc.
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 12, 2026TL;DR. Harmonic (HLIT) reported strong Q2 2026 broadband results, with revenue up 54% YoY to $133.5M and raised its full-year broadband revenue outlook to $505-$525M (from $475-$495M); the company also completed the sale of its Video business, boosting cash to $231.9M.
- + Q2 broadband revenue grew 54% YoY to $133.5M, above guidance
- + Rest-of-Market revenue grew 44% YoY to ~$49.4M, signaling diversification
- + Raised full-year 2026 broadband revenue outlook to $505-$525M from $475-$495M
- + Raised full-year non-GAAP EPS outlook to $0.67-$0.75, up ~14.5% from prior midpoint
- + Backlog and deferred revenue reached a record $587.6M, up 71% YoY
- + Cash increased to $231.9M following completion of Video business sale, enabling M&A optionality
- − Q2 results include ~$2.3M in stranded costs from the Video divestiture
- − Elevated memory costs pressured Q3 gross margin guidance to 51-52%
- − Free cash flow was negative $7M in Q2 due to memory inventory build
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Backlog and deferred revenue as of quarter end | 587.6M | Q2 2026 | — |
| Bookings for the quarter | 144.3M | Q2 2026 | — |
| Commercially deployed cOS™ solution customers | 161 | Q2 2026 | — |
| CPE devices served | 48.2M | Q2 2026 | — |
| Rest-of-Market bookings as % of total bookings | 60% | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Communication Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HLIT
this stock
Harmonic Inc.
|
$1.20B | +12.9% | -26.2% | — | 5.8% |
|
CSCO
Cisco Systems, Inc.
|
$427.06B | +45.7% | +2.8% | 32.5 | 1.5% |
|
LITE
Lumentum Holdings Inc.
|
$84.47B | +194.5% | +24.6% | — | 7.3% |
|
HPE
Hewlett Packard Enterprise Co
|
$83.55B | +188.6% | +13.8% | 32.4 | 4.2% |
|
MSI
Motorola Solutions, Inc.
|
$75.61B | +16.7% | +5.7% | 36.0 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HLIT | +1.5% | -3.8% | +12.3% | +5.8% | +12.9% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +1.7% | -3.3% | +0.1% | +4.9% | +0.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.