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StockVS

NASDAQ · Communication Equipment · USD

Harmonic Inc. (HLIT) Stock Analysis

Harmonic Inc. (HLIT) is a Communication Equipment stock listed on NASDAQ and quoted in US Dollar.

HLIT

$11.78

+$0.17 (+1.46%)

Sep 4, 2026 · Market close

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Price History

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HLIT Key Statistics

As of Sep 4, 2026
Trading
Open
$11.68
Previous Close
$11.61
Day's Range
11.64–11.84
52-Week Range
8.47–17.68
Volume
930.90K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.32
Valuation
Market Cap
$1.28B
P/E Ratio
49.08
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
14.58
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.84
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.89
EPS (ttm)Profit attributable to each share over the last twelve months.
0.24
Financials (FY)
Revenue (FY)
$360.52M−26.15%
Net Income (FY)
−$43.31M−210.44%
Profit marginThe share of revenue left as profit after all costs and taxes.
−10.62%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
109.07M
1-Year Return
+18.75%
Dividend and dates
Earnings Date
October 26, 2026estimated
Avg Volume
1.86M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

HLIT Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+19.11%
2025−25.25%
2024+1.46%
2023−0.46%
2022+11.39%
2021+59.13%
2020−5.26%
2019+65.25%
2018+12.38%
2017−16.00%
2016 (partial year)+53.37%

As of September 4, 2026.

HLIT Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$360.52M−$43.31M−12.0%
2024$488.20M$39.22M8.0%
2023$388.48M$83.99M21.6%
2022$624.96M$28.18M4.5%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$360.52M$174.75M$17.03M−$43.31M−12.0%
2024$488.20M$240.11M$88.36M$39.22M8.0%
2023$388.48M$178.12M$30.14M$83.99M21.6%
2022$624.96M$315.88M$48.86M$28.18M4.5%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

HLIT Valuation vs Communication Equipment Median

Median of 52 stocks
MetricHLITCommunication Equipment medianvs median
P/E49.0833.2548% above
P/S ratio2.892.2230% above
Profit margin−10.62%−0.74%9.9 pts below

Medians across 52 Communication Equipment stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 11 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Harmonic Inc. (HLIT) carries a market capitalisation of $1.28B. The company sits in the Technology sector, in the Communication Equipment industry. The company reports 552 employees.

The most recent close on file for HLIT is $11.78, dated September 4, 2026. That is +$0.17 (+1.46%) against the previous close. The 52-week range on file runs from $8.47 to $17.68. The latest close sits 39.08% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $360.52M. That is −26.15% against the prior fiscal year, when revenue was $488.20M. The same year closed with a net loss of $43.31M. Profit margin runs at −10.62%. That is 9.9 percentage points below the Communication Equipment median of −0.74%. Trailing earnings per share are 0.24.

Across the 4 fiscal years on file, revenue moves from $624.96M in 2022 to $360.52M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 49.08 times earnings. That is 47.61% above the Communication Equipment median of 33.25. The forward P/E on file is 14.58. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.84. Measured against sales, the shares trade at 2.89 times revenue. On price-to-sales that is 30.12% above the Communication Equipment median of 2.22. 52 Communication Equipment companies report these metrics, and the medians quoted come from that group.

The trailing one-year price return is +18.75%. Across 10 years the annualized return works out at +8.73%. The reported beta is 1.32. Daily returns over the trailing 10 years annualize to a volatility of 50.32%.

Growth & Income

No dividend is on file for HLIT.

So far in 2026 the price is +19.11%. The strongest complete calendar year on file is 2019 at +65.25%; the weakest is 2025 at −25.25%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

Harmonic Inc. (HLIT) operates in the Communication Equipment industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Harmonic Inc. HLIT $1.28B 49.1
Cisco Systems, Inc. CSCO $430.53B 32.6
Lumentum Holdings Inc. LITE $79.05B —
Motorola Solutions, Inc. MSI $77.46B 37.2

The Communication Equipment industry average P/E ratio is 33.3x. Harmonic Inc. trades at a P/E of 49.1.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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 HPE

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About Harmonic Inc.

Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. The company provides software-based broadband access solution, including cOS software-based broadband access solutions to broadband operators, an end-to-end solution consisting of virtualized cloud-native software; hardware products include Oyster, Ripple and SeaStar DAA nodes; Reef and Wave PHY shelf products; pebble remote PHY Devices; and fin, pearl and pier OLT modules and devices; and cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. It also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. It also serves cable and telco operators. The company was incorporated in 1988 and is headquartered in San Jose, California.

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