Filing Flows › Harmonic (HLIT) › Q2 2026
Harmonic (HLIT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 17, 2026
Harmonic (HLIT) reported revenue of $133M for the second quarter 2026 (Q2 2026), +54% from a year earlier and +10% from the quarter before. Operating margin was 17.7%, net loss $2.3M (1.7% of revenue).
Harmonic, Q2 2026: revenue $133M (+54% year over year), operating margin 17.7%, net loss $2.3M, operating cash flow −$58.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $133M | +10% | +54% |
| Operating profit | $23.6M | +16% | +511% |
| Net earnings | −$2.3M | -132% | -181% |
| Operating cash flow | −$58.0M | -283% | — |
What changed
Revenue was $133.5M in Q2 2026, up 54% year over year and up 10% from the previous quarter. Product was the largest line at 78% of revenue. Product added $34.0M year over year (up 48%), 73% of the total change.
Gross margin was 52.4%, up 6.6 points from Q2 2025. Operating profit was $23.6M, a 17.7% margin (up 18.6 points year over year). Operating expenses grew 14% against revenue growth of 54%. The fastest-growing cost line was SG&A (+20%). The quarter ended with a net loss of $2.3M, after a profit of $7.3M the previous quarter. Net interest and other expense of $21.0M was the main reason.
Operating cash flow was −$58.0M. Non-cash charges added back $2.7M of depreciation and $11.7M of share-based compensation. Working capital and other items used $70.0M. Capital expenditures of $1.6M exceeded it, leaving free cash flow of −$59.6M.
Questions
What was Harmonic's revenue in the second quarter 2026?
Harmonic (HLIT) reported revenue of $133M for the second quarter 2026 (Q2 2026), +54% from a year earlier and +10% from the quarter before.
Was Harmonic profitable in the second quarter 2026?
Operating profit was $23.6M (17.7% of revenue) and net loss $2.3M.
Source: Harmonic 10-Q on SEC EDGAR.