Filing Flows › Harmonic (HLIT) › Q3 2026 › vs Q2 2026
Harmonic (HLIT) Q3 2026 vs Q2 2026 (quarter over quarter)
Harmonic's revenue rose $15.4M (+12%) from $133M in Q2 2026 to $149M in Q3 2026. The biggest changes: Appliance Integration +$20.2M (+17%); Saa S Service −$4.8M (-29%). Gross margin 51.8% against 52.4% (-0.6 pts).
Harmonic, Q3 2026: revenue $149M (+64% year over year), operating margin 17.6%, net earnings $14.6M, operating cash flow $50.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 51.8% | 52.4% | -0.6 pts |
| Operating margin | 17.6% | 17.7% | -0.1 pts |
| Net margin | 9.8% | -1.7% | +11.6 pts |
| Free cash flow margin | 31.8% | -44.6% | +76.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Product | $117M | $104M | $13.0M | +13% |
| Professional Services | $20.1M | $12.9M | $7.1M | +55% |
| Appliance Integration | $137M | $117M | $20.2M | +17% |
| Saa S Service | $11.7M | $16.4M | −$4.8M | -29% |
| Revenue | $149M | $133M | $15.4M | +12% |
| Gross profit | $77.1M | $69.9M | $7.2M | +10% |
| Cost of revenue | $71.7M | $63.6M | $8.1M | +13% |
| Operating profit | $26.2M | $23.6M | $2.5M | +11% |
| Operating expenses | $51.0M | $46.3M | $4.7M | +10% |
| Pre-tax earnings | $22.3M | $2.6M | $19.7M | +761% |
| Other expense, net | $3.8M | $21.0M | −$17.2M | -82% |
| Research & development | $23.6M | $21.2M | $2.4M | +11% |
| SG&A | $27.3M | $24.6M | $2.7M | +11% |
| Net earnings | $14.6M | −$2.3M | $17.0M | — |
| Income tax | $7.7M | $4.9M | $2.8M | +57% |
| Depreciation | $3.1M | $2.7M | $452K | +17% |
| Share-based compensation | $6.1M | $11.7M | −$5.6M | -48% |
| Working capital & other | $26.4M | −$70.0M | $96.3M | — |
| Operating cash flow | $50.2M | −$58.0M | $108M | — |
| Free cash flow (OCF − capex) | $47.4M | −$59.6M | $107M | — |
| Capital expenditures | $2.8M | $1.6M | $1.2M | +76% |
Questions
How much did Harmonic's revenue grow quarter over quarter in Q3 2026?
Harmonic's revenue rose $15.4M (+12%) from $133M in Q2 2026 to $149M in Q3 2026.
What drove Harmonic's revenue change in Q3 2026?
Appliance Integration +$20.2M (+17%); Saa S Service −$4.8M (-29%).