Company Reports Q4 Revenue of $157.3M, Exceeding Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
0mins
Should l Buy HLIT?
Reports Q4 revenue $157.3M, consensus $140.98M. "We ended the year with extremely strong quarterly bookings across our Broadband business," said Nimrod Ben-Natan, CEO. "These bookings drove a 3.5 book-to-bill for the quarter and a substantial year-over-year increase in backlog, which significantly improves our visibility for 2026. We expect this momentum, combined with Unified DOCSIS 4.0 ramps, large customer deployment plans and Rest-of-World accelerated adoption, will contribute to strong Broadband revenue growth this year. Furthermore, the Video business, presented as discontinued operations, exceeded both revenue and profitability expectations for the quarter. The planned sale of this business remains on track to close in the second quarter, which will further support our capital allocation priorities."
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Analyst Views on HLIT
Wall Street analysts forecast HLIT stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 10.940
Low
11.00
Averages
13.00
High
15.00
Current: 10.940
Low
11.00
Averages
13.00
High
15.00
About HLIT
Harmonic Inc. is a provider of virtualized broadband and video delivery solutions, enables media companies and service providers to deliver video streaming and broadcast services to consumers globally. It provides broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets and smartphones. The Company operates through two segments: Video and Broadband. Its Broadband segment provides broadband access solutions and related services, including its cOS software-based broadband access solution, to broadband operators globally. Its Video segment provides video processing, production and playout solutions and services worldwide to broadband operators and satellite and telco Pay-TV service providers, and to broadcast and media companies, including streaming media companies. Its video business infrastructure solutions are delivered either through shipment of its products, software licenses or as software-as-a-service subscriptions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Harmonic Empowers Alcom to Enhance Video Service Quality
- Technological Partnership: Harmonic's XOS™ Advanced Media Processor supports Alcom's next-generation white-label video service, enabling mid-size operators in Finland and Sweden to deliver broadcast and streaming services with exceptional video quality and efficiency, thereby enhancing market competitiveness.
- Cost Efficiency Improvement: With AI-powered EyeQ™ content-aware encoding, Alcom achieves up to 50% bitrate savings while maintaining outstanding video quality, which not only enhances viewer satisfaction but also creates new revenue opportunities for the company.
- Market Expansion: Alcom leverages Harmonic's technology to consolidate various media processing tasks, increasing operational efficiency and expanding its service portfolio through the Play+ white-label IPTV architecture, further solidifying its position in the Nordic market.
- Strategic Implications: The integration of Harmonic's XOS media processor with Agile TV's solutions enables Alcom to provide efficient, scalable, high-quality video services, helping it stand out in a competitive market and maximize revenue potential.
See More
Harmonic Inc. Q4 2025 Earnings Highlights
- Strong Broadband Revenue: Harmonic reported Q4 broadband revenue of $98.2 million, reflecting a 9% sequential growth and exceeding the high end of guidance, indicating robust momentum in the broadband market and significant growth potential.
- Record Orders and Revenue: The company achieved quarterly bookings of $346.9 million, with year-end backlog and deferred revenue at $573.8 million, representing a 73% year-over-year increase, laying a solid foundation for future revenue growth.
- Success in Customer Diversification: Revenue from the rest of the world grew 33% year-over-year, now accounting for 41% of total broadband revenue, demonstrating Harmonic's successful expansion in international markets and new deployments, particularly in Europe and with Telia in Norway.
- Optimistic Future Outlook: The CFO guided for Q1 2026 broadband revenue between $100 million and $105 million, with full-year revenue projected between $440 million and $480 million, reflecting the company's confidence in future growth despite challenges from memory chip pricing.
See More
Harmonic Reports Decline in Q4 Adjusted Earnings
- Earnings Report: Harmonic reported Q4 adjusted earnings of $0.14 per diluted share, down from $0.XX in the previous year, indicating profitability pressures amid intensified market competition and rising costs.
- Market Reaction: The decline in earnings has raised investor concerns about the company's future outlook, potentially putting downward pressure on the stock price and affecting its capital-raising capabilities in the market.
- Cost Challenges: The company noted that rising operational costs negatively impacted profit margins, particularly due to increased spending in R&D and sales, which may necessitate measures to control costs to maintain profitability.
- Strategic Adjustments: Harmonic may need to reassess its market strategy to navigate the current economic environment and industry challenges, ensuring a return to profitability growth in upcoming quarters.
See More
Harmonic Reports Q4 Earnings with Mixed Results
- Earnings Report: Harmonic's Q4 non-GAAP EPS of $0.06 missed expectations by $0.04, indicating challenges in profitability that could affect investor confidence moving forward.
- Revenue Decline: The company reported Q4 revenue of $157.3 million, a 29.2% year-over-year decline, although it beat market expectations by $16.32 million, the ongoing revenue drop may exert pressure on future growth prospects.
- Video Business Sale: Harmonic is in the process of selling its video business, and if the deal closes, it could reshape the company's financial statements, potentially providing new growth opportunities and a strategic shift.
- Market Reaction: Despite the revenue beat, the miss on earnings may lead to cautious market reactions towards Harmonic, prompting investors to closely monitor the progress of the pending sale and its implications for the company's overall financial health.
See More
Harmonic Scheduled to Announce Q4 Earnings on February 19
- Earnings Announcement Date: Harmonic (HLIT) is set to announce its Q4 earnings on February 19 after market close, with a consensus EPS estimate of $0.10, reflecting a significant year-over-year decline of 77.8%, indicating substantial profitability challenges ahead.
- Revenue Decline Expectations: The consensus revenue estimate stands at $140.98 million, down 36.6% year-over-year, highlighting the challenges Harmonic faces in its video business, which could impact its overall financial health.
- Historical Performance: Over the past two years, Harmonic has beaten EPS estimates 100% of the time and revenue estimates 88% of the time, demonstrating stability in financial forecasting, yet the ability to maintain this trend moving forward remains to be seen.
- Video Business Sale: Harmonic has announced the pending sale of its video business to MediaKind, and if the deal closes, it is expected to reshape the company's financial statements, potentially providing new growth opportunities for the firm.
See More
HLIT Stock Fluctuates: 52-Week Low at $7.80
- Stock Fluctuation: HLIT's 52-week low stands at $7.80 per share, with a high of $13.11, while the last trade was at $9.30, indicating a performance within a volatile range that reflects market caution regarding its future outlook.
- Market Trend: The current stock price of $9.30 is below the 200-day moving average, which may suggest a conservative investor sentiment towards HLIT's growth potential, impacting its short-term investment appeal.
- Investor Attention: The fluctuation in HLIT's stock price could attract investor scrutiny, particularly as it approaches its 52-week low, prompting some to reassess their investment strategies.
- Technical Analysis: HLIT's stock has experienced significant volatility over the past year, necessitating investor attention to technical indicators to determine future buying or selling opportunities.
See More
Harmonic Empowers Alcom to Enhance Video Service Quality
- Technological Partnership: Harmonic's XOS™ Advanced Media Processor supports Alcom's next-generation white-label video service, enabling mid-size operators in Finland and Sweden to deliver broadcast and streaming services with exceptional video quality and efficiency, thereby enhancing market competitiveness.
- Cost Efficiency Improvement: With AI-powered EyeQ™ content-aware encoding, Alcom achieves up to 50% bitrate savings while maintaining outstanding video quality, which not only enhances viewer satisfaction but also creates new revenue opportunities for the company.
- Market Expansion: Alcom leverages Harmonic's technology to consolidate various media processing tasks, increasing operational efficiency and expanding its service portfolio through the Play+ white-label IPTV architecture, further solidifying its position in the Nordic market.
- Strategic Implications: The integration of Harmonic's XOS media processor with Agile TV's solutions enables Alcom to provide efficient, scalable, high-quality video services, helping it stand out in a competitive market and maximize revenue potential.
See More
Harmonic Inc. Q4 2025 Earnings Highlights
- Strong Broadband Revenue: Harmonic reported Q4 broadband revenue of $98.2 million, reflecting a 9% sequential growth and exceeding the high end of guidance, indicating robust momentum in the broadband market and significant growth potential.
- Record Orders and Revenue: The company achieved quarterly bookings of $346.9 million, with year-end backlog and deferred revenue at $573.8 million, representing a 73% year-over-year increase, laying a solid foundation for future revenue growth.
- Success in Customer Diversification: Revenue from the rest of the world grew 33% year-over-year, now accounting for 41% of total broadband revenue, demonstrating Harmonic's successful expansion in international markets and new deployments, particularly in Europe and with Telia in Norway.
- Optimistic Future Outlook: The CFO guided for Q1 2026 broadband revenue between $100 million and $105 million, with full-year revenue projected between $440 million and $480 million, reflecting the company's confidence in future growth despite challenges from memory chip pricing.
See More
Harmonic Reports Decline in Q4 Adjusted Earnings
- Earnings Report: Harmonic reported Q4 adjusted earnings of $0.14 per diluted share, down from $0.XX in the previous year, indicating profitability pressures amid intensified market competition and rising costs.
- Market Reaction: The decline in earnings has raised investor concerns about the company's future outlook, potentially putting downward pressure on the stock price and affecting its capital-raising capabilities in the market.
- Cost Challenges: The company noted that rising operational costs negatively impacted profit margins, particularly due to increased spending in R&D and sales, which may necessitate measures to control costs to maintain profitability.
- Strategic Adjustments: Harmonic may need to reassess its market strategy to navigate the current economic environment and industry challenges, ensuring a return to profitability growth in upcoming quarters.
See More
Harmonic Reports Q4 Earnings with Mixed Results
- Earnings Report: Harmonic's Q4 non-GAAP EPS of $0.06 missed expectations by $0.04, indicating challenges in profitability that could affect investor confidence moving forward.
- Revenue Decline: The company reported Q4 revenue of $157.3 million, a 29.2% year-over-year decline, although it beat market expectations by $16.32 million, the ongoing revenue drop may exert pressure on future growth prospects.
- Video Business Sale: Harmonic is in the process of selling its video business, and if the deal closes, it could reshape the company's financial statements, potentially providing new growth opportunities and a strategic shift.
- Market Reaction: Despite the revenue beat, the miss on earnings may lead to cautious market reactions towards Harmonic, prompting investors to closely monitor the progress of the pending sale and its implications for the company's overall financial health.
See More
Harmonic Scheduled to Announce Q4 Earnings on February 19
- Earnings Announcement Date: Harmonic (HLIT) is set to announce its Q4 earnings on February 19 after market close, with a consensus EPS estimate of $0.10, reflecting a significant year-over-year decline of 77.8%, indicating substantial profitability challenges ahead.
- Revenue Decline Expectations: The consensus revenue estimate stands at $140.98 million, down 36.6% year-over-year, highlighting the challenges Harmonic faces in its video business, which could impact its overall financial health.
- Historical Performance: Over the past two years, Harmonic has beaten EPS estimates 100% of the time and revenue estimates 88% of the time, demonstrating stability in financial forecasting, yet the ability to maintain this trend moving forward remains to be seen.
- Video Business Sale: Harmonic has announced the pending sale of its video business to MediaKind, and if the deal closes, it is expected to reshape the company's financial statements, potentially providing new growth opportunities for the firm.
See More
HLIT Stock Fluctuates: 52-Week Low at $7.80
- Stock Fluctuation: HLIT's 52-week low stands at $7.80 per share, with a high of $13.11, while the last trade was at $9.30, indicating a performance within a volatile range that reflects market caution regarding its future outlook.
- Market Trend: The current stock price of $9.30 is below the 200-day moving average, which may suggest a conservative investor sentiment towards HLIT's growth potential, impacting its short-term investment appeal.
- Investor Attention: The fluctuation in HLIT's stock price could attract investor scrutiny, particularly as it approaches its 52-week low, prompting some to reassess their investment strategies.
- Technical Analysis: HLIT's stock has experienced significant volatility over the past year, necessitating investor attention to technical indicators to determine future buying or selling opportunities.
See More
