Harmonic Q1 revenue jumps, raises broadband outlook

Harmonic

11/05/2026 21:19

Overview

Broadband solutions provider's Q1 revenue rose sharply, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised full-year broadband revenue outlook and repurchased 4.2 mln shares in Q1

Outlook

Harmonic raises 2026 Broadband revenue outlook to $475 mln-$495 mln

Company expects Q2 net revenue of $115 mln-$125 mln and GAAP EPS of $0.10-$0.14

Harmonic expects sale of Video business to close in Q2 2026

Result Drivers

BROADBAND GROWTH - Q1 revenue rose 43% year over year, driven by strong demand for broadband solutions, per CEO Nimrod Ben-Natan

CUSTOMER DIVERSIFICATION - Rest-of-Market bookings exceeded 50% of total Q1 bookings, reflecting progress in diversifying the customer base

PRODUCT DEPLOYMENTS - Ongoing expansion of cOS solution and new DOCSIS 4.0 and fiber product wins supported revenue growth

Company press release: ID:nPnbFsVx2a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$171.80 mln
$102.21 mln (5 Analysts)
Q1 Adjusted EPS
Beat
$0.21
$0.12 (6 Analysts)
Q1 EPS
$0.07


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy."

Wall Street's median 12-month price target for Harmonic Inc is $13.00, about 1.5% above its May 8 closing price of $12.81

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)