Harmonic Reports Strong Q3 2026 Results with Significant Revenue Growth and Raised Guidance
Harmonic (HLIT) delivered a robust third quarter for 2026, reporting net revenue of $148.8 million, a 64% increase year-over-year. This growth was primarily fueled by the 'Rest-of-Market' segment, which saw 101% growth as the company successfully diversified its customer base beyond its two largest accounts. The company also reported non-GAAP EPS of $0.23, surpassing previous guidance. Driven by strengthening demand, Harmonic raised its full-year revenue guidance for the third time this year to a range of $545 million to $555 million. While the company faces headwinds from rising component costs—specifically memory, silicon, and printed circuit boards expected to persist into 2027—its backlog has grown by 58% to $534 million, providing significant visibility into 2027 performance.
Topics: customer expansion guidance raise profitability revenue growth