Earnings Releases·Nov 2, 2026, 4:07 PM ET

Harmonic Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 net revenue surged 64% year-over-year to $148.8 million, while GAAP and Non-GAAP operating profits rose to $26.2 million and $33.0 million respectively, compared to $4.0 million and $10.1 million in the prior year period.
The company raised full-year 2026 revenue guidance to $545–$555 million and issued strong Q4 2026 outlooks, including $141–$151 million in revenue and $22–$28 million in GAAP operating profit.
Strategic momentum is evident as Rest-of-Market revenue doubled to 46% of the total, customer concentration among the top two clients decreased to 54%, and the firm launched cOS SensAI and the Recon platform while completing the acquisition of a fiber management vendor.
Following the June 2026 divestiture of its Video Business for $145 million, Harmonic operates as a pure-play broadband entity, utilized $46.6 million for stock repurchases in the first nine months of 2026, and ended the quarter with $142.8 million in cash and $160 million available under its credit facility.