HARMONIC INC. 3Q 2026: Revenue $133.5M, EPS $(0.02) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Harmonic Inc. reported Q3 2026 results with revenue rising 54% year-over-year to $133.5M, driven by Appliance & integration sales and North American deployments. However, the company posted a net loss of $(2.3) M and diluted EPS of $(0.02), compared to prior-year profits. Gross margin improved by 660 basis points. SaaS revenue grew 15% sequentially. On June 16, 2026, Harmonic completed the sale of its Video business, with proceeds allocated for strategic growth and share repurchases. R&D and SG&A expenses increased to support growth.
HARMONIC INC. reported third-quarter 2026 results with revenue rising sharply year over year while the company posted a small net loss and negative diluted EPS for the quarter ended July 3, 2026.
Financial Highlights
- Revenue was $133.5M, compared with $86.9M in the prior-year quarter; YoY change 54%.
- Net income was $(2.3) M, compared with $2.9M in the prior-year quarter; YoY change (179%).
- Diluted EPS was $(0.02), compared with $0.03 in the prior-year quarter; YoY change (167%).
Business Highlights
- Revenue growth was driven by Appliance & integration sales, which rose 54% year over year in the quarter due to major new deployments.
- North America deployments ramped materially, improving product mix and contributing to a 660 basis-point quarter-over-quarter gross margin impact.
- SaaS and service revenue grew modestly, up 15% sequentially, strengthening the company's recurring revenue stream.
- On June 16, 2026, the company completed the sale of its Video business; proceeds are allocated for strategic growth and share repurchases.
- R&D and SG&A investment increased to support growth—quarterly R&D rose 18% and SG&A increased 20%—including stranded costs following the disposition.
Original SEC Filing: HARMONIC INC. [ HLIT ] - 10-Q - Aug. 17, 2026