Filing Flows › Harmonic (HLIT) › Q3 2026
Harmonic (HLIT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Harmonic (HLIT) reported revenue of $149M for the third quarter 2026 (Q3 2026), +64% from a year earlier and +12% from the quarter before. Operating margin was 17.6%, net earnings $14.6M (9.8% of revenue).
Harmonic, Q3 2026: revenue $149M (+64% year over year), operating margin 17.6%, net earnings $14.6M, operating cash flow $50.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $149M | +12% | +64% |
| Gross profit | $77.1M | +10% | +82% |
| Operating profit | $26.2M | +11% | +549% |
| Net earnings | $14.6M | — | +443% |
| Operating cash flow | $50.2M | — | +111% |
| Free cash flow | $47.4M | — | +125% |
What changed
Revenue was $148.8M in Q3 2026, up 64% year over year and up 12% from the previous quarter. Product was the largest line at 79% of revenue. Product added $44.7M year over year (up 62%), 77% of the total change. Saa S Service declined 19%.
Gross margin was 51.8%, up 5.1 points from Q3 2025. Operating profit was $26.2M, a 17.6% margin (up 13.1 points year over year). Of the extra revenue versus Q3 2025, 38% reached operating profit, above the 4% margin then. Operating expenses grew 33% against revenue growth of 64%. The fastest-growing cost line was SG&A (+46%). Net earnings were $14.6M, up 443% year over year. The effective tax rate was 34.5%.
Operating cash flow was $50.2M (up 111% year over year), 343% of net earnings. Non-cash charges added back $3.1M of depreciation and $6.1M of share-based compensation. Working capital and other items added $26.4M. Capital expenditures of $2.8M left free cash flow of $47.4M.
Questions
What was Harmonic's revenue in the third quarter 2026?
Harmonic (HLIT) reported revenue of $149M for the third quarter 2026 (Q3 2026), +64% from a year earlier and +12% from the quarter before.
Was Harmonic profitable in the third quarter 2026?
Operating profit was $26.2M (17.6% of revenue) and net earnings $14.6M.
Source: Harmonic 10-Q on SEC EDGAR.