Harmonic Q3 revenue beats estimates; raises outlook
HLIT•Harmonic’s third-quarter revenue rose 64% year over year to $148.8 million, above the $131.09 million estimate, while adjusted EPS of $0.23 beat the $0.17 estimate. The company raised its 2026 revenue outlook to $545 million-$555 million and expects fourth-quarter revenue of $141 million-$151 million.
1. Results and outlook
Harmonic reported third-quarter revenue of $148.8 million, up 64% year over year, and adjusted EPS of $0.23. Revenue and adjusted EPS exceeded analyst estimates of $131.09 million and $0.17, respectively. The company raised its full-year 2026 revenue outlook to $545 million-$555 million and forecast fourth-quarter revenue of $141 million-$151 million, GAAP EPS of $0.13-$0.16 and non-GAAP EPS of $0.19-$0.23.
2. Growth drivers
Harmonic said revenue growth was mainly driven by Rest-of-Market revenue more than doubling year over year to a record 46% of total revenue. The company also cited new fiber and intelligence products, including Recon, Oyster+, cOS Loop and cOS SensAI. Rest-of-Market bookings represented more than 60% of third-quarter bookings.
