Harmonic (HLIT) Stock Price
Harmonic Price
Over the last 19 years Harmonic grew revenue by 2.0% annually, reaching 360.52 M USD. Earnings per share have grown at 20.0% per year over the last 18 years. For Harmonic, the net margin of -12.0% is down versus 2.6% a few years ago. The consensus 12-month price target for Harmonic is 17.00 USD, about 54.4% above where the stock trades today. Of 13 analysts, 9 rate the stock a buy — an overall Buy consensus. The stock trades about 24% above its 52-week low.
Harmonic stock price
Details
Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Harmonic over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Harmonic stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Harmonic's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Harmonic Price |
|---|---|
| 9/25/2026 | 11.01 USD |
| 9/24/2026 | 11.01 USD |
| 9/23/2026 | 10.99 USD |
| 9/22/2026 | 11.18 USD |
| 9/21/2026 | 11.25 USD |
| 9/18/2026 | 11.03 USD |
| 9/17/2026 | 10.99 USD |
| 9/16/2026 | 11.36 USD |
| 9/15/2026 | 11.61 USD |
| 9/14/2026 | 11.25 USD |
| 9/13/2026 | 11.58 USD |
| 9/11/2026 | 12.15 USD |
| 9/10/2026 | 11.64 USD |
| 9/9/2026 | 11.80 USD |
| 9/8/2026 | 11.86 USD |
| 9/4/2026 | 11.78 USD |
| 9/3/2026 | 11.60 USD |
| 9/2/2026 | 11.79 USD |
| 9/1/2026 | 11.72 USD |
| 8/31/2026 | 11.98 USD |
| 8/30/2026 | 12.00 USD |
| 8/28/2026 | 12.12 USD |
| 8/27/2026 | 12.45 USD |
| 8/26/2026 | 12.44 USD |
| 8/25/2026 | 12.31 USD |
| 8/24/2026 | 12.03 USD |
| 8/21/2026 | 12.47 USD |
| 8/20/2026 | 12.37 USD |
| 8/19/2026 | 12.76 USD |
| 8/18/2026 | 12.90 USD |
Harmonic Revenue, EBIT, Net Income
3 Years
5 Years
10 Years
25 Years
Max
Details
Harmonic Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEM USD |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEM USD |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEB USD |
| NET INCOME GROWTH% |
| SHARESM |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 461.00 | 433.00 | 377.00 | 405.00 | 358.00 | 403.00 | 402.00 | 378.00 | 507.00 | 624.00 | 607.00 | 678.00 | 360.00 | 518.00 | 572.00 | 593.00 |
| -13.02 | -6.07 | -12.93 | 7.43 | -11.60 | 12.57 | -0.25 | -5.97 | 34.13 | 23.08 | -2.72 | 11.70 | -46.90 | 43.89 | 10.42 | 3.67 |
| 47.72 | 48.96 | 53.58 | 49.38 | 47.21 | 51.86 | 55.47 | 51.32 | 51.08 | 50.48 | 51.40 | 53.83 | 45.28 | 45.28 | 45.28 | 45.28 |
| 220.00 | 212.00 | 202.00 | 200.00 | 169.00 | 209.00 | 223.00 | 194.00 | 259.00 | 315.00 | 312.00 | 365.00 | 163.00 | 234.54 | 258.99 | 268.50 |
| -23.00 | -21.00 | -12.00 | -69.00 | -73.00 | -5.00 | 13.00 | -14.00 | 19.00 | 45.00 | 22.00 | 63.00 | 12.00 | 128.00 | 143.00 | 152.00 |
| -4.99 | -4.85 | -3.18 | -17.04 | -20.39 | -1.24 | 3.23 | -3.70 | 3.75 | 7.21 | 3.62 | 9.29 | 3.33 | 24.71 | 25.00 | 25.63 |
| 0.04 | -0.05 | -0.02 | -0.07 | -0.08 | -0.02 | -0.01 | -0.03 | 0.01 | 0.03 | 0.08 | 0.04 | -0.04 | 0.08 | 0.09 | 0.10 |
| -470.00 | -224.32 | -67.39 | 380.00 | 13.89 | -74.39 | -76.19 | 480.00 | -144.83 | 115.38 | 196.43 | -53.01 | -210.26 | -286.05 | 12.50 | 15.56 |
| 100.37 | 88.01 | 84.93 | 78.39 | 82.01 | 89.03 | 97.50 | 100.32 | 110.47 | 117.30 | 115.69 | 117.70 | 113.00 | 113.00 | 113.00 | 113.00 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Harmonic generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Harmonic retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Harmonic's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Harmonic has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Harmonic's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Harmonic stock margins
3 Years
5 Years
10 Years
25 Years
Max
Details
Harmonic Stock Revenue, EBIT, Earnings per Share
3 Years
5 Years
10 Years
25 Years
Max
Details
Harmonic business model & stock analysis
Harmonic SWOT Analysis
Strengths
Harmonic Inc has a strong brand reputation and recognition in the industry, which helps in attracting customers and business partnerships.
The company offers a diverse range of innovative and high-quality products that cater to the needs of various customers in the entertainment and media industry.
Harmonic Inc has a well-established distribution network that allows them to effectively reach their target market and distribute their products globally.
The company has a highly skilled and experienced workforce that contributes to the development and delivery of cutting-edge technology solutions.
Weaknesses
Harmonic Inc relies heavily on a limited number of key customers, which makes them vulnerable to potential losses if any of these major customers sever their relationships.
The company faces intense competition in the industry, which puts pressure on their pricing and market share.
Harmonic Inc may have slower decision-making processes due to its large organizational structure, leading to potential inefficiencies.
The company has a dependence on external suppliers for certain components, which can pose supply chain risks and potential disruptions.
Opportunities
The growing demand for high-quality video streaming services presents an opportunity for Harmonic Inc to further expand its customer base and sales.
The company can capitalize on emerging technologies, such as virtual reality and augmented reality, by developing new products or integrating their existing offerings.
Expanding into new geographical markets where there is a rising demand for advanced video delivery solutions can help Harmonic Inc increase its market presence.
Strategic partnerships or acquisitions with complementary companies can provide access to new technologies and markets, enhancing Harmonic Inc's competitive position.
Threats
The rapidly changing technology landscape and evolving consumer preferences pose a risk of obsolescence for Harmonic Inc's products if they fail to adapt quickly enough.
Increasing competition from both established players and new entrants in the industry may erode Harmonic Inc's market share and pricing power.
Economic downturns or fluctuations in consumer spending can impact the demand for entertainment and media services, affecting Harmonic Inc's sales and profitability.
The company faces potential intellectual property disputes or patent infringement claims from competitors, which can lead to legal and financial challenges.
Harmonic Employees
3 Years
5 Years
10 Years
25 Years
Max
Details
Harmonic Segments
Harmonic Revenue by Segment (1/2)
3 Years
5 Years
Max
Details
Harmonic Revenue by Segment (2/2)
3 Years
5 Years
Max
Details
Harmonic Revenue by Region
3 Years
5 Years
Max
Details
Harmonic Eulerpool Fair Value
Details
Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Harmonic historical P/E ratio, EBIT multiple, and P/S ratio
Harmonic annual returns
Details
Annual Return
ⓘWhat This Chart Shows
This chart breaks down Harmonic's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in Harmonic's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare Harmonic's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Harmonic shares outstanding
3 Years
5 Years
10 Years
25 Years
Max
Details
Harmonic stock splits
Since 1999, a total of 2 shares have been converted from one Harmonic share.
Current Harmonic forecasts and price targets in September 2026
Analyst Price Targets 2026Harmonic Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 8/13/2026 | Maintained | Buy | 72 | |
| 8/13/2026 | Maintained | Equal Weight | 62 | |
| 6/15/2026 | Maintained | Buy | 72 | |
| 5/12/2026 | Maintained | Buy | 72 | |
| 5/12/2026 | Maintained | Buy | 58 | |
| 5/12/2026 | Maintained | Equal Weight | 62 | |
| 3/27/2026 | Maintained | Buy | 72 | |
| 2/20/2026 | Maintained | Buy | 72 | |
| 2/20/2026 | Maintained | Buy | 58 | |
| 2/12/2026 | Maintained | Buy | 72 |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
Harmonic Earnings Calls
Harmonic Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 11/2/2026 | 0.17USD | - | 130.90 MUSD | - | 2026 Q3 |
| 8/12/2026 | 0.17USD | 0.24USD | 120.89 MUSD | - | 2026 Q2 |
| 5/11/2026 | 0.12USD | 0.17USD | 102.21 MUSD | - | 2026 Q1 |
| 2/19/2026 | 0.10USD | 0.14USD | 141.45 MUSD | - | 2025 Q4 |
| 11/3/2025 | 0.05USD | 0.12USD | 127.94 MUSD | - | 2025 Q3 |
| 7/28/2025 | 0.03USD | 0.09USD | 127.94 MUSD | - | 2025 Q2 |
| 4/28/2025 | 0.05USD | 0.11USD | 127.51 MUSD | - | 2025 Q1 |
| 2/10/2025 | 0.37USD | 0.45USD | 212.45 MUSD | - | 2024 Q4 |
| 10/28/2024 | 0.20USD | 0.26USD | 181.89 MUSD | - | 2024 Q3 |
| 7/29/2024 | 0.04USD | 0.08USD | 133.67 MUSD | - | 2024 Q2 |
EESG©
Eulerpool ESG Scorecard© for the Harmonic stock
EEnvironment
Environment
SSocial
Social
GGovernance (Corporate Governance)
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Harmonic shareholder structure
| % | Name |
|---|---|
17.07676% | |
5.46605% | |
4.33124% | |
4.18814% | |
3.27310% | |
2.86629% |
Harmonic Beneficial Ownership Filings (SEC 13D/G)
| Stake | Holder | Filing |
|---|---|---|
15.50% | SEC ↗ | |
12.00% | SEC ↗ | |
9.90% | SEC ↗ | |
9.60% | SEC ↗ | |
9.60% | SEC ↗ | |
9.20% | SEC ↗ | |
9.20% | SEC ↗ | |
8.46% | SEC ↗ | |
7.10% | SEC ↗ | |
7.07% | SEC ↗ |
Harmonic Executives and Management Board
12 members · avg. age 58 · 25 % women
Mr. Nimrod Ben-Natan (57)
President, Chief Executive Officer, Director · since 2007
8.43 M USD
Management
Mr. Walter Jankovic (56)
Chief Financial Officer
Mr. Neven Haltmayer (60)
Senior Vice President, General Manager - Video Business
Mr. Timothy Chu (51)
General Counsel, Senior Vice President of Human Resources, Corporate Secretary
Mr. David Hanover
Investor Relations · since 2020
Board of Directors
Mr. Patrick Gallagher (70)
Independent Chairman of the Board
Ms. Deborah Clifford (51)
Independent Director
Mr. David Krall (64)
Independent Director
Ms. Stephanie Copeland (57)
Independent Director
Ms. Dana Crandall (60)
Independent Director
Mr. Neel Dev (53)
Independent Director
Harmonic Supply Chain
Harmonic Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.52 | 0.63 | 0.88 | ||
| 2 | GTPL Hathway | 0.76 | 0.62 | 0.88 | |
| 3 | 0.25 | 0.54 | 0.84 | ||
| 4 | 0.25 | 0.48 | 0.79 | ||
| 5 | 0 | 0.03 | 0.75 |
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | — | — | — | ||
| 2 | MultiChoice Group | 0.87 | — | — | |
| 3 | Otelco Inc. | -0.52 | — | — | |
| 4 | 0.53 | -0.13 | — | ||
| 5 | 0.18 | -0.31 | -0.64 |
Frequently asked questions about Harmonic
Harmonic Inc is a leading technology company that specializes in video delivery infrastructure solutions. Their business model focuses on providing advanced video compression and processing solutions to media companies, broadcasters, and service providers. Harmonic Inc's technology enables high-quality video transmission and optimization across various platforms, including broadcast, cable, satellite, and OTT. By offering a comprehensive range of products and services, Harmonic Inc helps its clients enhance their video delivery workflows, improve operational efficiency, and deliver superior video experiences to their audiences. With their expertise in video infrastructure solutions, Harmonic Inc continues to drive innovation in the media industry.
Harmonic Inc is primarily active in the telecommunications and media industries.
The main competitors of Harmonic Inc in the market include Cisco Systems, Ericsson, and ARRIS International.
Harmonic Inc. is a leading provider of video delivery infrastructure solutions. Founded in 1988, the company has a rich history in the digital media industry. Harmonic Inc. has been at the forefront of innovation, delivering cutting-edge technologies and solutions for video compression, processing, and delivery. With a diverse portfolio of products and services, Harmonic Inc. serves various industries such as broadcast, cable, satellite, and OTT providers. The company has garnered a strong reputation for its expertise in video encoding, transcoding, and streaming solutions. Harmonic Inc. continues to play a crucial role in shaping the future of video delivery with its advanced technologies and solutions.
Harmonic Inc, a leading provider of video delivery infrastructure solutions, has achieved significant milestones over the years. Established in 1988, the company has continuously evolved to become a trusted name in the industry. Some notable achievements include the introduction of the industry's first single-rack, single-carrier MPEG-2 system, and the launch of the world's first fully digital professional video compression system. Harmonic Inc has also pioneered innovations such as the development of the first consumer H.264 encoding solution and the introduction of the world's first integrated playout solution powered by cloud-native software. These milestones showcase Harmonic Inc's commitment to driving technological advancements and providing cutting-edge solutions in the video delivery space.
Harmonic Inc is primarily present in various countries and regions worldwide. The company has a global presence, operating across North America, Europe, Asia, and Latin America. With its headquarters in San Jose, California, Harmonic Inc has established a strong foothold in the United States. Additionally, it has expanded its operations to prominent markets like Canada, the United Kingdom, Germany, France, and Spain within Europe. In Asia, Harmonic Inc maintains a significant presence in countries like China, Japan, South Korea, and India. The company's global reach also extends to countries in Latin America, including Brazil, Mexico, and Argentina.
Harmonic Inc represents a strong commitment to innovation, excellence, and customer satisfaction. With a focus on providing state-of-the-art video and broadband solutions, Harmonic Inc strives to empower content creators and distributors worldwide. The company's corporate philosophy revolves around fostering creativity, collaboration, and integrity. Harmonic Inc consistently aims to deliver cutting-edge technologies that enable unparalleled video experiences across multiple platforms. With their dedication to quality, reliability, and customer-centric approach, Harmonic Inc continues to be a leader in the media industry, driving advancements and revolutionizing the way content is delivered and consumed.
Analysts currently set an average price target of 17.00 USD for the Harmonic stock (median: 17.00 USD), implying +54.4 % versus the latest price. The consensus is based on 13 analyst ratings.
13 analysts currently rate the Harmonic stock: 9 recommend buying, 3 holding and 1 selling. For 2026, analysts expect Harmonic to generate revenue of 518.27 M USD and earnings per share of 0.71 USD.
Converted at the current exchange rate, the Harmonic share trades at 9.66 EUR (11.01 USD).
The Harmonic share (HLIT) is listed on 7 stock exchanges, including: NASDAQ (HLIT), London (0J38.L), SIX (Zürich) (HMC.SW), Frankfurt (HMC.F), München (HMC.MU), Düsseldorf (HMC.DU).
Harmonic Inc is a US-based provider of video and broadband solutions for communication service providers, media companies, and businesses. The company has built its business on five core divisions: Video Service Provider, Broadcast and Media, Virtualized Cable Access, Video Streaming, and Cable Access.
The expected revenue of Harmonic is 518.27 M USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Harmonic is 80.08 M USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Harmonic is currently 15.54. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Harmonic stock.
The price-to-sales ratio (P/S) of Harmonic is currently 2.40. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Harmonic stock.
The Eulerpool Quality Score for Harmonic is 2/10.
The ISIN of Harmonic is US4131601027. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Harmonic is 895791. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Harmonic is HLIT. The ticker symbol is used to trade Harmonic shares on the stock exchange.
Harmonic paid dividends every year for the past 0 years.
Harmonic is assigned to the 'Information technology' sector.
The dividends of Harmonic are distributed in USD.
Harmonic stock
Harmonic Peer Group
Harmonic Ticker
Harmonic FIGI
All fundamentals and in-depth analysis of Harmonic
Our stock analysis for Harmonic stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Harmonic. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.