Harmonic Announces Third Quarter 2026 Results
PR Newswire•02/11/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $148.8 million, up 64% year over year
- ➤Rest-of-Market revenue more than doubled, reaching record 46% of total
- ➤2026 revenue outlook raised to $545 million-$555 million
- ➤Backlog and deferred revenue $534.0 million, up 58% year over year
- ➤Video business disposition generated $137.9 million in closing proceeds
Expert Statements
Nimrod Ben-Natan, President and Chief Executive Officer of Harmonic
“Our accelerating momentum led to a breakout third quarter with revenue growing 64% year over year, driven mainly by Rest-of-Market growth which more than doubled year over year.”
Nimrod Ben-Natan, President and Chief Executive Officer of Harmonic
“Additionally, we continued executing on our strategy by introducing new fiber and intelligence products including our Recon platform, Oyster+, cOS Loop™ and cOS SensAI™.”
Nimrod Ben-Natan, President and Chief Executive Officer of Harmonic
“We remain confident in our ability to deliver sustainable, profitable growth while simultaneously investing to significantly increase our addressable markets as outlined in our recent Investor Day.”
Revenue increased 64% year over year to $148.8 million, well above the high end of guidance Rest-of-Market revenue more than doubled year over year to a record 46% of total revenue Company raises full-year 2026 revenue outlook to $545 million - $555 million
SAN JOSE, Calif., Nov. 2, 2026 /PRNewswire/ -- Harmonic Inc. (Nasdaq: HLIT) today announced its unaudited results for the third quarter ended October 2, 2026.
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