Filing Flows › Harmonic (HLIT) › Q3 2026 › vs Q3 2025
Harmonic (HLIT) Q3 2026 vs Q3 2025 (year over year)
Harmonic's revenue rose $58.3M (+64%) from $90.5M in Q3 2025 to $149M in Q3 2026. The biggest changes: Appliance Integration +$61.0M (+80%); Saa S Service −$2.7M (-19%). Gross margin 51.8% against 46.7% (+5.1 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 51.8% | 46.7% | +5.1 pts |
| Operating margin | 17.6% | 4.5% | +13.1 pts |
| Net margin | 9.8% | 3.0% | +6.9 pts |
| Free cash flow margin | 31.8% | 23.2% | +8.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Product | $117M | $72.5M | $44.7M | +62% |
| Professional Services | $20.1M | $3.7M | $16.4M | +442% |
| Appliance Integration | $137M | $76.2M | $61.0M | +80% |
| Saa S Service | $11.7M | $14.3M | −$2.7M | -19% |
| Revenue | $149M | $90.5M | $58.3M | +64% |
| Gross profit | $77.1M | $42.3M | $34.8M | +82% |
| Cost of revenue | $71.7M | $48.2M | $23.5M | +49% |
| Operating profit | $26.2M | $4.0M | $22.1M | +549% |
| Operating expenses | $51.0M | $38.3M | $12.7M | +33% |
| Pre-tax earnings | $22.3M | $6.7M | $15.7M | +235% |
| Other expense, net | $3.8M | −$2.6M | $6.5M | — |
| Research & development | $23.6M | $18.7M | $4.9M | +26% |
| SG&A | $27.3M | $18.7M | $8.6M | +46% |
| Net earnings | $14.6M | $2.7M | $11.9M | +443% |
| Income tax | $7.7M | $4.0M | $3.7M | +93% |
| Depreciation | $3.1M | $2.8M | $299K | +11% |
| Share-based compensation | $6.1M | $7.3M | −$1.3M | -17% |
| Working capital & other | $26.4M | $10.9M | $15.5M | +141% |
| Operating cash flow | $50.2M | $23.8M | $26.4M | +111% |
| Free cash flow (OCF − capex) | $47.4M | $21.0M | $26.3M | +125% |
| Capital expenditures | $2.8M | $2.7M | $94K | +3% |
Questions
How much did Harmonic's revenue grow year over year in Q3 2026?
Harmonic's revenue rose $58.3M (+64%) from $90.5M in Q3 2025 to $149M in Q3 2026.
What drove Harmonic's revenue change in Q3 2026?
Appliance Integration +$61.0M (+80%); Saa S Service −$2.7M (-19%).