Harmonic Inc., along with its affiliated entities, operates globally, delivering advanced software, hardware, system solutions, and related services for video content distribution. ...
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Est. EPS $0.17 · Revenue $130.90M · 6 analysts
Est. EPS $0.71 · Revenue $518.27M · 3 analysts
Est. EPS $0.16 · Revenue $132.23M · 4 analysts
Est. EPS $0.17 · Revenue $133.90M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $360.5M | -46.9% | +9.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-43.3M | -210.4% | -131.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +45.4% | -15.8% | +0.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +4.7% | -49.2% | +5.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -12.0% | -307.9% | -129.0% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $96.9M | +83.7% | -123.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +26.9% | +245.9% | -121.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 38.6% | +21.0% | -2.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.50x | +14.3% | +34.5% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $718.5M | -9.8% | -10.3% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.38 vs 0.43 | -188.1% | -0.02 vs 0.17 | -111.5% |
| Revenue Surprise | $360.5M vs $555.0M | -35.0% | $133.5M vs $130.9M | +2.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 15, 2026 | Ben-Natan Nimrod | director, officer: President and CEO | Common Stock | A | 26,196 | — |
| Aug 15, 2026 | Ben-Natan Nimrod | director, officer: President and CEO | Restricted Stock Units | D | 19,470 | — |
| Aug 15, 2026 | Ben-Natan Nimrod | director, officer: President and CEO | Restricted Stock Units | D | 6,726 | — |
| Aug 15, 2026 | Jankovic Walter | officer: Chief Financial Officer | Common Stock | A | 19,784 | — |
| Aug 15, 2026 | Jankovic Walter | officer: Chief Financial Officer | Common Stock | D | 9,930 | $13.92 |
Operator: Welcome to the Second Quarter 2026 Harmonic Earnings Conference Call. My name is Lisa, and I will be your operator for today's call. [Operator Instructions] I would now like to turn the call over to David Hanover, Investor Relations. David, you may begin. David Hanover: Thank you, operator. Hello, everyone, and thank you for joining us today for Harmonic's Second Quarter 2026 Financial Results Conference Call. With me today are Nimrod Ben-Natan, President and CEO; and Walter Jankovic, Chief Financial Officer. Before we begin, I'd like to point out that in addition to the audio portion of the webcast, we have also provided slides for this webcast, which you may view by going to our webcast on our Investor Relations website. Now turning to slide 2. During this call, we will provide projections and other forward-looking statements regarding future events or future financial performance of the company. Such statements are only current expectations, and actual events or results may differ materially. We refer you to documents Harmonic filed with the SEC, including our most recent 10-Q and 10-K reports and the forward-looking statements section of today's preliminary results press release. These documents identify important risk factors which can cause actual results to differ materially from those contained in our projections or forward-looking statements. And please note that unless otherwise indicated, the financial metrics we provide you on this call are determined on a non-GAAP basis. These metrics, together with corresponding GAAP numbers and a reconciliation to GAAP, are contained in today's press release, which we have posted on our website and filed with the SEC on Form 8-K. We will also discuss historical, financial and other statistical information regarding our business and operation, and some of this information is included in the press release. The remainder of the information will be available on a recorded version of this call or on our website. And now I'll turn the call over to our CEO, Nimrod Ben-Natan. Nimrod? Nimrod Ben-Natan: Thanks, David, and welcome everyone to our second quarter 2026 earnings call. Q2 was another strong quarter, both financially and in terms of the progress we've made on our strategic imperatives. We saw continued strength in rest of market demand, an accelerating pace of fiber deployments and encouraging results from our new intelligence layer. In June, we completed the sale of our Video business, marking the completion of our transformation to a pure-play broadband company. With the momentum and improved visibility we achieved in the first half of the year, we are once again raising our full year 2026 Broadband revenue outlook. Driving this momentum is an important theme we have been building toward for several years. Operators no longer have to settle the network architecture's question before they can move forward because our converged cOS platform supports all access architectures, DOCSIS 3.1 …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Nimrod Ben-Natan | President, Chief Executive Officer & Director | USD 1,235,530 | Male | 1968 | Active |
Walter F. Jankovic | Chief Financial Officer | USD 850,490 | Male | 1969 | Active |
Timothy C. Chu | General Counsel, Senior Vice President of Human Resources & Corporate Secretary | USD 679,616 | Male | 1973 | Active |
Jeremy Rosenberg | Senior Vice President of Business Development | USD 440,796 | Male | 1958 | Active |
Netra Ghosh | Corporate Communications Manager | — | — | — | Active |
Gil Rudge | Senior Vice President of Solutions and Americas Sales | — | Male | — | Active |
Yaniv Ben-Soussan | Senior Vice President of Customer Experience | — | Male | — | Active |
Andrew O'Dell | Senior VP of Products & Customer Experience | — | Male | — | Active |
Noam Adika | Senior Vice President of R&D | — | Male | — | Active |
Jeffrey Glahn | Senior Vice President of Global Sales & Broadband | — | Male | 1978 | Active |
Lena Pavlovskaia | Senior Vice President of R&D | — | — | — | Active |
Pamela Gillies | Vice President of Marketing | — | Female | — | Active |
David Hanover | Investor Relation Officer | — | — | — | Active |
SAN JOSE, Calif., Aug. 27, 2026 /PRNewswire/ -- Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband solutions, today announced that it will host an Investor Day on Tuesday, September 15, 2026, in New York City.
SAN JOSE, Calif., Aug. 13, 2026 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Nimrod Ben-Natan, President and Chief Executive Officer of Harmonic, and Walter Jankovic, Chief Financial Officer, will host investor meetings at the Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago, IL, on Tuesday, August 25, 2026.
Harmonic Inc. (HLIT) Q2 2026 Earnings Call Transcript
Harmonic NASDAQ: HLIT reported second-quarter 2026 broadband revenue of $133.5 million, up 54% from a year earlier and above its prior guidance range of $115 million to $125 million, as deployment activity expanded among customers outside of its two largest accounts.
Harmonic (HLIT) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.09 per share a year ago.
