Harmonic Inc.
NASDAQ•HLIT
CEO: Mr. Nimrod Ben-Natan
Sector: Technology
Industry: Communication Equipment
Listing Date: 1995-05-23
Harmonic Inc., together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telco Pay-TV service providers, as well as to broadcast and media, including streaming media companies. Its video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides VOS360 SaaS platform that provides both streaming and channel origination and distribution services; and software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, VOD, catch-up TV, start-over TV, network-DVR and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The company 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. The company was incorporated in 1988 and is headquartered in San Jose, California.
Contact Information
Market Cap
$1.26B
P/E (TTM)
-29.6
54.5
Dividend Yield
--
52W High
$12.18
52W Low
$7.80
52W Range
Rank60Top 89.2%
2.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$98.24M+0.00%
4-Quarter Trend
EPS
-$0.49+0.00%
4-Quarter Trend
FCF
$9.61M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
SaaS Revenue Growth SaaS and Service revenue increased 6% to $57.7M, driven by expanded service offerings despite overall revenue decline.
Backlog Significantly Increases Total backlog grew 73% year-over-year to $573.8M, indicating strong future contracted revenue visibility for 2026.
Video Business Divestiture Complete Entered agreement to sell Video business for $145M cash; continuing operations now focus solely on Broadband segment.
Net Loss Post-Divestiture Reported net loss of $(43.3M) in 2025, impacted by goodwill impairment charge related to the Video disposition.
Risk Factors
High Customer Concentration Risk Top customer accounted for 54% of 2025 net revenue; loss of major customer severely impacts financial results.
Appliance Revenue Declines Appliance and integration revenue fell 30% to $302.8M due to customer deployment timing delays with DOCSIS 4.0.
Geopolitical Operational Exposure Facilities and outsourced engineering in Israel and Ukraine face risks from ongoing regional conflicts and instability.
Technology Transition Risks Software-based cOS initiatives face risks if competitors adopt new broadband standards faster than anticipated.
Outlook
Strategy Focus on cOS Solutions Strategy centers on delivering software-based access solutions to improve speed, reliability, and superior customer experience.
Timely Product Introduction Critical Future growth depends on timely development and introduction of new products meeting evolving broadband industry trends.
Managing Cash and R&D Monitoring cash position ($124.1M cash) while continuing significant investment in research and development efforts.
Broadband Segment Growth Expected Expect strong long-term growth as customers adopt virtualized DOCSIS, CMTS, and FTTH solutions going forward.
Peer Comparison
Revenue (TTM)
$4.70B
$1.35B
$1.18B
Gross Margin (Latest Quarter)
68.9%
68.6%
67.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FSLY | $3.95B | -31.2 | -12.9% | 28.7% |
| DGII | $2.11B | 49.3 | 6.8% | 16.8% |
| CTS | $1.64B | 23.7 | 12.5% | 12.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-9.6%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:May 4, 2026
EPS:$0.12
|Revenue:$102.21M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data