Harmonic
HLIT · NASDAQ
Key indicators
HLIT profitability and balance sheet ratios
EPS -$0.0214 in Q2 FY26, down 184.6% on a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | $0.1851 |
| Q4 FY24 | $0.3237 |
| Q1 FY25 | $0.0508 |
| Q2 FY25 | $0.0253 |
| Q3 FY25 | $0.0238 |
| Dec 2025 | -$0.4895 |
| Q1 FY26 | $0.0661 |
| Q2 FY26 | -$0.0214 |
Where the money went
Q2 FY26, from revenue to net income
Harmonic brought in $133.5M of revenue in Q2 FY26, +53.5% on a year earlier. It made a net loss of $2.3M.
- Revenue
- $133.5M
- Costs, expenses and taxes
- $135.8M
- Net income
- −$2.3M
- Net margin
- -1.7%
Income statement
Revenue and profit by reporting period
| Line item | Q3 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $142.4M | $121.7M | $133.5M |
| Gross profit | $77.1M | $63.6M | $69.9M |
| Operating income | $9.8M | $20.4M | $23.6M |
| Net income | $2.7M | $7.3M | −$2.3M |
| Diluted EPS | $0.02 | $0.07 | -$0.02 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Apr 2026 | Jul 2026 |
|---|---|---|---|
| Total assets | $718.5M | $705.3M | $632.6M |
| Total liabilities | $335.2M | $350.2M | $272.3M |
| Shareholder equity | $383.2M | $355.2M | $360.3M |
| Cash and short-term investments | $124.1M | $109.0M | $231.9M |
| Total debt | $112.1M | $111.3M | $110.6M |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $12.3M | $31.7M | −$5.4M |
| Investing cash flow | −$2.7M | −$1.4M | $130.4M |
| Financing cash flow | −$14.8M | −$44.5M | −$1.4M |
| Capital expenditure | −$2.7M | −$1.4M | −$1.6M |
| Free cash flow | $9.6M | $30.3M | −$7.0M |
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