logo
logo
HLIT stock ticker logo

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
2590 Orchard Parkway, San Jose, CA, 95131, United States
408-542-2500
www.harmonicinc.com
Market Cap
$1.26B
P/E (TTM)
-29.6
54.5
Dividend Yield
--
52W High
$12.18
52W Low
$7.80
52W Range
83%
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)

UPBD stock ticker logoUPBD
$4.70B
+8.7%
PENG stock ticker logoPENG
$1.35B
+2.3%
TASK stock ticker logoTASK
$1.18B
+19.0%

Gross Margin (Latest Quarter)

RPD stock ticker logoRPD
68.9%
-1.4pp
YALA stock ticker logoYALA
68.6%
+4.1pp
VRNT stock ticker logoVRNT
67.6%
-0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FSLY$3.95B-31.2-12.9%28.7%
DGII$2.11B49.36.8%16.8%
CTS$1.64B23.712.5%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