Harmonic (HLIT) Financials: Revenue & Earnings
HLIT$10.63+0.06 +0.52%
$1.16B
Market Cap
-25.41
P/E
14.91
Forward P/E
54
Score
Harmonic (HLIT) Financials: Revenue & Earnings
HLIT price $10.63 +0.06 +0.52%
- Ticker
- HLIT
- Price
- $10.63
- Change
- +0.06 +0.52%
- Market cap ?
- $1.16B
- P/E ?
- -25.41
- Forward P/E ?
- 14.91
- Dividend yield ?
- 0.00%
- Beta ?
- 1.33
- Sector
- Technology
- Industry
- Communication Equipment
- Stocklytics score
- 54
- Value
- 56
- Quality
- 55
- Growth
- 50
Stocklytics score rationale: value 56, quality 55, growth 50.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 405911000 | 358246000 | 403558000 | 402874000 | 378831000 | 507149000 | 624957000 | 607907000 | 678722000 | 360523000 |
Harmonic Inc., along with its affiliated entities, operates globally, delivering advanced software, hardware, system solutions, and related services for video content distribution. The company's business activities are structured into two main divisions: Video and Cable Access. The Video division furnishes comprehensive solutions for video processing, content production, and playout. Its customer base includes cable…
Fair value
HLIT fair value $21.88. Price $10.63. Price is 51% below fair value.
Below fair value, and cheaper than usual. A larger discount than on more than 99% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 49.40M. Growth 12.55%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 11.64% (beta 1.3). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 109.07M. Net debt 23.74M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-02 | — | 0.17 | — | 129.47M |
| 2026-08-12 | 0.24 | 0.17 | 133.46M | 120.89M |
| 2026-05-11 | 0.17 | 0.12 | 121.69M | 102.21M |
| 2026-02-19 | 0.14 | 0.10 | 98.23M | 141.45M |
| 2025-11-03 | 0.12 | 0.05 | 142.38M | 127.94M |
| 2025-07-28 | 0.09 | 0.03 | 138.03M | 127.94M |
| 2025-04-28 | 0.11 | 0.05 | 133.13M | 127.51M |
| 2025-02-10 | 0.45 | 0.37 | 222.17M | 212.45M |
| 2024-10-28 | 0.26 | 0.20 | 195.76M | 181.89M |
| 2024-07-29 | 0.08 | 0.04 | 138.74M | 133.67M |
| 2024-04-29 | -0.05 | -0.03 | 122.06M | 121.70M |
| 2024-01-29 | 0.13 | 0.10 | 167.09M | 122.08M |
| 2023-10-30 | -0.05 | -0.03 | 127.20M | 132.88M |
| 2023-07-31 | 0.12 | 0.13 | 155.96M | 167.28M |
| 2023-05-08 | 0.12 | 0.09 | 157.65M | 157.82M |
| 2023-01-30 | 0.17 | 0.15 | 164.33M | 159.28M |
| 2022-10-31 | 0.13 | 0.10 | 155.74M | 153.27M |
| 2022-08-01 | 0.16 | 0.09 | 157.45M | 150.08M |
| 2022-05-02 | 0.08 | 0.04 | 147.44M | 141.28M |
| 2022-01-31 | 0.16 | 0.13 | 155.80M | 152.72M |
| 2021-11-01 | 0.09 | 0.03 | 126.32M | 117.83M |
| 2021-08-02 | 0.05 | 0.00 | 113.45M | 113.45M |
| 2021-05-03 | 0.04 | 0.03 | 111.58M | 102.21M |
| 2021-02-01 | 0.20 | 0.16 | 131.53M | 126.30M |
| 2020-10-26 | 0.03 | -0.05 | 94.89M | 158.15M |
| 2020-08-03 | -0.06 | -0.13 | 73.99M | 160.32M |
| 2020-04-27 | -0.10 | -0.05 | 78.42M | 39.21M |
| 2020-02-03 | 0.12 | 0.08 | 122.18M | 81.45M |
| 2019-10-28 | 0.25 | 0.22 | 115.72M | 97.21M |
| 2019-07-29 | -0.04 | -0.07 | 84.86M | 148.51M |
| 2019-04-29 | -0.05 | -0.06 | 80.11M | 80.11M |
| 2019-02-04 | 0.11 | 0.05 | 113.66M | 84.39M |
| 2018-10-29 | 0.04 | 0.01 | 100.62M | 25.15M |
| 2018-07-30 | 0.05 | — | 99.16M | — |
| 2018-04-30 | -0.01 | -0.08 | 90.13M | 720.80M |
| 2018-02-28 | -0.14 | -0.07 | 100.97M | 1.45B |
| 2017-10-30 | -0.01 | -0.08 | 92.01M | 736.00M |
| 2017-07-31 | -0.20 | -0.20 | 82.31M | 65.84M |
| 2017-05-01 | -0.14 | -0.05 | 82.94M | 29.61M |
| 2017-02-28 | 0.08 | 0.06 | 113.10M | 84.83M |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-15 | Glahn Ronald J | Buy | 3.75K | — | — |
| 2026-10-15 | Glahn Ronald J | Sell | 1.03K | $10.58 | 10.91K |
| 2026-10-15 | Glahn Ronald J | Sell | 3.75K | — | — |
| 2026-09-11 | Jankovic Walter | Buy | 1.46K | — | — |
| 2026-09-11 | Jankovic Walter | Sell | 732 | $12.00 | 8.78K |
| 2026-09-11 | Jankovic Walter | Sell | 1.46K | — | — |
| 2026-09-11 | Ben-Natan Nimrod | Buy | 20.03K | — | — |
| 2026-09-11 | Ben-Natan Nimrod | Sell | 20.03K | — | — |
| 2026-08-15 | Ben-Natan Nimrod | Buy | 26.20K | — | — |
| 2026-08-15 | Ben-Natan Nimrod | Sell | 19.47K | — | — |
| 2026-08-15 | Ben-Natan Nimrod | Sell | 6.73K | — | — |
| 2026-08-15 | Jankovic Walter | Buy | 19.78K | — | — |
| 2026-08-15 | Jankovic Walter | Sell | 9.93K | $13.92 | 138.23K |
| 2026-08-15 | Jankovic Walter | Sell | 8.50K | — | — |
| 2026-08-15 | Jankovic Walter | Sell | 8.07K | — | — |
| 2026-08-15 | Jankovic Walter | Sell | 3.22K | — | — |
| 2026-08-15 | Chu Timothy C | Buy | 9.88K | — | — |
| 2026-08-15 | Chu Timothy C | Sell | 3.48K | $13.92 | 48.37K |
| 2026-08-15 | Chu Timothy C | Sell | 3.82K | — | — |
| 2026-08-15 | Chu Timothy C | Sell | 6.05K | — | — |
| 2026-08-15 | Glahn Ronald J | Buy | 4.04K | — | — |
| 2026-08-15 | Glahn Ronald J | Sell | 1.11K | $13.92 | 15.47K |
| 2026-08-15 | Glahn Ronald J | Sell | 4.04K | — | — |
| 2026-08-10 | Chu Timothy C | Buy | 10.31K | — | — |
| 2026-08-10 | Jankovic Walter | Buy | 20.61K | — | — |
| 2026-07-15 | Glahn Ronald J | Buy | 3.75K | — | — |
| 2026-07-15 | Glahn Ronald J | Sell | 1.03K | $12.99 | 13.39K |
| 2026-07-15 | Glahn Ronald J | Sell | 3.75K | — | — |
| 2026-06-16 | Haltmayer Neven | Buy | 44.60K | — | — |
| 2026-06-16 | Haltmayer Neven | Sell | 23.75K | $14.80 | 351.51K |
| 2026-06-16 | Haltmayer Neven | Sell | 19.33K | — | — |
| 2026-06-11 | Jankovic Walter | Buy | 1.46K | — | — |
| 2026-06-11 | Jankovic Walter | Sell | 732 | $14.51 | 10.62K |
| 2026-06-11 | Jankovic Walter | Sell | 1.46K | — | — |
| 2026-06-11 | Ben-Natan Nimrod | Buy | 20.03K | — | — |
| 2026-06-11 | Ben-Natan Nimrod | Sell | 20.03K | — | — |
| 2026-06-01 | Haltmayer Neven | Buy | 2.73K | — | — |
| 2026-06-01 | Haltmayer Neven | Sell | 1.45K | $15.81 | 22.96K |
| 2026-06-01 | Haltmayer Neven | Sell | 2.73K | — | — |
| 2026-05-22 | Jankovic Walter | Buy | 6.64K | — | — |
| 2026-05-22 | Jankovic Walter | Sell | 3.33K | $15.20 | 50.69K |
| 2026-05-22 | Jankovic Walter | Sell | 6.64K | — | — |
| 2026-05-15 | Glahn Ronald J | Buy | 4.04K | — | — |
| 2026-05-15 | Glahn Ronald J | Sell | 1.11K | $12.54 | 13.93K |
| 2026-05-15 | Glahn Ronald J | Sell | 4.04K | — | — |
| 2026-05-15 | Jankovic Walter | Buy | 19.79K | — | — |
| 2026-05-15 | Jankovic Walter | Sell | 9.10K | $12.54 | 114.10K |
| 2026-05-15 | Jankovic Walter | Sell | 8.50K | — | — |
| 2026-05-15 | Jankovic Walter | Sell | 8.07K | — | — |
| 2026-05-15 | Jankovic Walter | Sell | 3.22K | — | — |
| 2026-05-15 | Chu Timothy C | Buy | 9.88K | — | — |
| 2026-05-15 | Chu Timothy C | Sell | 3.48K | $12.54 | 43.58K |
| 2026-05-15 | Chu Timothy C | Sell | 3.82K | — | — |
| 2026-05-15 | Chu Timothy C | Sell | 6.05K | — | — |
| 2026-05-15 | Haltmayer Neven | Buy | 11.37K | — | — |
| 2026-05-15 | Haltmayer Neven | Sell | 6.06K | $12.54 | 75.95K |
| 2026-05-15 | Haltmayer Neven | Sell | 5.52K | — | — |
| 2026-05-15 | Haltmayer Neven | Sell | 5.85K | — | — |
| 2026-05-15 | Ben-Natan Nimrod | Buy | 26.20K | — | — |
| 2026-05-15 | Ben-Natan Nimrod | Sell | 19.47K | — | — |
| 2026-05-15 | Ben-Natan Nimrod | Sell | 6.73K | — | — |
| 2026-05-14 | Copeland Stephanie | Sell | 4.30K | $13.30 | 57.21K |
| 2026-05-13 | Haltmayer Neven | Sell | 31.77K | $13.24 | 420.60K |
| 2026-04-15 | Glahn Ronald J | Buy | 3.75K | — | — |
| 2026-04-15 | Glahn Ronald J | Sell | 1.04K | $9.88 | 10.29K |
| 2026-04-15 | Glahn Ronald J | Sell | 3.75K | — | — |
| 2026-03-16 | GALLAGHER PATRICK | Buy | 18.76K | — | — |
| 2026-03-16 | Chu Timothy C | Buy | 59.23K | — | — |
| 2026-03-16 | Glahn Ronald J | Buy | 49.16K | — | — |
| 2026-03-16 | Jankovic Walter | Buy | 133.27K | — | — |
| 2026-03-16 | Ben-Natan Nimrod | Buy | 281.34K | — | — |
| 2026-03-16 | Clifford Deborah | Buy | 18.76K | — | — |
| 2026-03-16 | Copeland Stephanie | Buy | 18.76K | — | — |
| 2026-03-16 | Crandall Dana L | Buy | 18.76K | — | — |
| 2026-03-16 | Dev Indraneel | Buy | 18.76K | — | — |
| 2026-03-16 | KRALL DAVID | Buy | 18.76K | — | — |
| 2026-03-16 | Whalen Daniel T | Buy | 18.76K | — | — |
| 2026-03-11 | Jankovic Walter | Buy | 1.46K | — | — |
| 2026-03-11 | Jankovic Walter | Sell | 513 | $9.34 | 4.79K |
| 2026-03-11 | Jankovic Walter | Sell | 1.46K | — | — |
| 2026-03-11 | Ben-Natan Nimrod | Buy | 20.03K | — | — |
| 2026-03-11 | Ben-Natan Nimrod | Sell | 20.03K | — | — |
| 2026-03-01 | Haltmayer Neven | Buy | 2.72K | — | — |
| 2026-03-01 | Haltmayer Neven | Sell | 1.45K | $10.63 | 15.42K |
| 2026-03-01 | Haltmayer Neven | Sell | 2.72K | — | — |
| 2026-02-22 | Jankovic Walter | Buy | 6.64K | — | — |
| 2026-02-22 | Jankovic Walter | Sell | 2.34K | $10.90 | 25.48K |
| 2026-02-22 | Jankovic Walter | Sell | 6.64K | — | — |
| 2026-02-15 | Whalen Daniel T | Buy | 16.14K | — | — |
| 2026-02-15 | Whalen Daniel T | Sell | 16.14K | — | — |
| 2026-02-15 | KRALL DAVID | Buy | 16.14K | — | — |
| 2026-02-15 | KRALL DAVID | Sell | 16.14K | — | — |
| 2026-02-15 | Crandall Dana L | Buy | 16.14K | — | — |
| 2026-02-15 | Crandall Dana L | Sell | 16.14K | — | — |
| 2026-02-15 | Copeland Stephanie | Buy | 16.14K | — | — |
| 2026-02-15 | Copeland Stephanie | Sell | 16.14K | — | — |
| 2026-02-15 | Jankovic Walter | Buy | 45.27K | — | — |
| 2026-02-15 | Jankovic Walter | Sell | 16.46K | $10.68 | 175.75K |
| 2026-02-15 | Jankovic Walter | Sell | 33.98K | — | — |
| 2026-02-15 | Jankovic Walter | Sell | 8.07K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 266, holders +16 vs prior quarter. Ownership 86.08%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 18.00M | -1.16M | -6.06% | 294.01M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 5.39M | -745.13K | -12.15% | 88.01M |
| STATE STREET CORP | 5.15M | 286.79K | +5.90% | 84.06M |
| PRICE T ROWE ASSOCIATES INC /MD/ | 4.79M | 4.67M | +3648.09% | 78.28M |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.77M | 70.30K | +1.50% | 77.90M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 3.29M | 1.10M | +49.87% | 53.76M |
| AMERICAN CENTURY COMPANIES INC | 3.22M | 2.00M | +164.81% | 52.51M |
| DIMENSIONAL FUND ADVISORS LP | 2.92M | -754.58K | -20.54% | 47.66M |
| GEODE CAPITAL MANAGEMENT, LLC | 2.85M | 59.03K | +2.11% | 46.60M |
| MORGAN STANLEY | 2.14M | 452.30K | +26.80% | 34.94M |
| TRIGRAN INVESTMENTS, INC. | 1.90M | -1.32M | -41.00% | 30.99M |
| D. E. SHAW & CO., INC. | 1.88M | -1.22M | -39.35% | 30.72M |
| TWO SIGMA INVESTMENTS, LP | 1.73M | 1.56M | +920.21% | 28.31M |
| RENAISSANCE TECHNOLOGIES LLC | 1.72M | 671.50K | +63.77% | 28.16M |
| LEEWARD INVESTMENTS, LLC - MA | 1.67M | -34.63K | -2.04% | 27.19M |
| FIRST EAGLE INVESTMENT MANAGEMENT, LLC | 1.45M | 265.26K | +22.46% | 23.62M |
| SILVERBERG BERNSTEIN CAPITAL MANAGEMENT LLC | 1.31M | -18.20K | -1.37% | 21.38M |
| NORTHERN TRUST CORP | 1.19M | -7.75K | -0.65% | 19.38M |
| NUVEEN, LLC | 1.14M | -223.81K | -16.36% | 18.68M |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | 1.10M | -37.48K | -3.29% | 17.97M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.05M | 9.34K | +0.90% | 17.17M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 1.05M | 1.05M | New | 17.17M |
| MILLENNIUM MANAGEMENT LLC | 843.48K | 87.96K | +11.64% | 13.77M |
| JPMORGAN CHASE & CO | 819.32K | 548.90K | +202.98% | 12.99M |
| VANGUARD FIDUCIARY TRUST CO | 776.47K | 48.02K | +6.59% | 12.68M |
Earnings and financials
Harmonic Inc. (HLIT) trades at $10.63, with a market cap of $1.16B and a trailing P/E of -25.41. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 405911000 | 358246000 | 403558000 | 402874000 | 378831000 | 507149000 | 624957000 | 607907000 | 678722000 | 360523000 |
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