Harmonic Q1 Revenue Surges 43% in Broadband, Raises Full-Year Outlook
HLIT sits 81% above its 52-week low of $7.8 on elevated volume (2.3× avg).
Summary
Harmonic Inc. reported robust first-quarter 2026 results, with total net revenue reaching $171.8 million and a significant 43% year-over-year surge in its continuing Broadband revenue to $121.7 million. The company also provided a strong outlook, raising its 2026 Broadband revenue guidance to $475 million–$495 million. This positive performance, including GAAP diluted EPS of $0.07 and non-GAAP diluted EPS of $0.17, marks a notable improvement compared to the net loss and revenue decline reported in the FY2025 10-K filed in February. The strong Q1 results and increased guidance are highly material and likely to be a significant positive catalyst for the stock, especially as the company is trading near its 52-week high. Traders will be watching for the successful completion of the Video business sale, expected in Q2 2026, and continued growth in Broadband deployments.
At the time of this announcement, HLIT was trading at $14.09 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $7.80 to $13.09. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.