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finance.yahoo.comNOV 32 min read$HLIT

Harmonic Inc (HLIT) (Q3 2026) Earnings Call Highlights: Record Revenue Surge

Harmonic Inc (HLIT) reported Q3 2026 revenue of $148.8M, up 64% YoY, exceeding guidance. Rest-of-Market revenue doubled, contributing 46% of total revenue. The company raised its full-year 2026 outlook to $545M-$555M. Gross margin was impacted by memory costs, and free cash flow was negative $5.1M. Backlog and deferred revenue grew 58% YoY to $534M. The book-to-bill ratio was 0.7, below historical benchmarks. The company added nine new customers and launched the SensAI intelligence platform.

Original reporting
finance.yahoo.com
Published Nov 3, 2026, 5:05 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 3, 2026, 5:15 AM UTC. Informational, not investment advice.
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Harmonic Inc (HLIT) (Q3 2026) Earnings Call Highlights: Record Revenue Surge — source image
Source · finance.yahoo.com
Decision brief

The 30-second read

$HLITBullishMed
01

Why it matters

The earnings beat and raised guidance provide a clear catalyst for short‑term upside, while elevated component costs and negative cash flow pose downside risks.

02

Market read

Micro‑cap earnings beat with guidance raise; primary catalyst for HLIT price movement.

03

What to watch

Backlog conversion risk and book‑to‑bill below 1 suggest near‑term booking weakness despite revenue surge.

Relevance 7/10Novelty 8/10Timing: post‑earnings release today

Background

Harmonic Inc (HLIT) reported Q3 2026 results, highlighting a 64% YoY revenue increase and an upgraded full‑year outlook.

Company-level read

Ticker impact

$HLITBullishHigh confidence
Context

Q3 2026 earnings beat guidance with revenue up 64% YoY to $148.8M and full-year outlook raised to $545-$555M.

Expected impact

upward pressure as market prices in stronger revenue growth and higher outlook

Evidence & confidence

Revenue surprise and upgraded guidance are fresh, material information for a micro‑cap; traders can act on the upside potential.

Market effects

Sector

Strong growth in the Rest‑of‑Market segment may signal broader demand for cable‑operator infrastructure solutions.

Regional

Revenue growth across seven countries highlights international exposure, but impact is limited to niche telecom equipment sector.

Global

Limited to telecom‑infrastructure niche; unlikely to move broader indices.

Counterpoint

What could challenge this read

Margin pressure from memory costs and negative free cash flow could weigh on the stock if guidance is not sustained.

Key entities

  • Executive
    Nimrod Ben‑Natan

    CEO who discussed competitive landscape and product initiatives.

  • Executive
    Walter Jankovic

    CFO who detailed financial metrics and cost pressures.

Read at source← All news

StoryHarmonic posts 64% revenue jump, raises FY 2026 outlook and completes video business sale

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Harmonic (HLIT) Q3 2026 Earnings Call Transcript

Harmonic (HLIT) reported Q3 2026 revenue growth of 64% YoY to $148.8M, exceeding guidance. The company added nine new customers, including Liberty Latin America and TDC, and raised its full-year outlook. Harmonic highlighted growth in connectivity, intelligence, and edge AI compute, with SensAI and cOS Loop driving operator adoption. The company expects intelligence to contribute 10% of revenue by 2027.

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Harmonic (HLIT) reported Q3 earnings, highlighting acquisitions, new products, and growth in its intelligence business. The company raised its full-year 2026 outlook to $545M-$555M in revenue. Backlog was $534M, up 58% YoY. Harmonic expects intelligence to represent 10% of revenue over the next three years and identified connectivity, intelligence, and edge AI compute as long-term growth engines.

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