Filing Flows › Harmonic (HLIT) › How it makes money
How Harmonic (HLIT) makes money
Harmonic (HLIT) made $149M of revenue in the third quarter 2026 (Q3 2026), +64% from a year earlier. Appliance Integration brought in $137M (92%); Saa S Service brought in $11.7M (8%). Of every dollar of revenue, 52¢ was left as gross profit, 18¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Appliance Integration | $137M | 92.2% | +17% | +80% |
| ↳ Product | $117M | 78.7% | +13% | +62% |
| ↳ Professional Services | $20.1M | 13.5% | +55% | +442% |
| Saa S Service | $11.7M | 7.8% | -29% | -19% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $149M | 100.0% |
| Cost of revenue | $71.7M | 48.2% |
| Gross profit | $77.1M | 51.8% |
| Operating expenses | $51.0M | 34.2% |
| Operating profit | $26.2M | 17.6% |
| Income tax | $7.7M | 5.2% |
| Net earnings | $14.6M | 9.8% |
| Operating cash flow | $50.2M | 33.7% |
| Free cash flow | $47.4M | 31.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $149M | +64% |
| Q2 2026 | $133M | +54% |
| Q1 2026 | $122M | +43% |
| Q3 2025 | $142M | -27% |
| Q2 2025 | $138M | -0.5% |
| Q1 2025 | $133M | +9% |
From Harmonic's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Harmonic make money?
Harmonic (HLIT) made $149M of revenue in the third quarter 2026 (Q3 2026), +64% from a year earlier. Appliance Integration brought in $137M (92%); Saa S Service brought in $11.7M (8%). Of every dollar of revenue, 52¢ was left as gross profit, 18¢ was left as operating profit, 10¢ was left as net earnings.
What is Harmonic's biggest business?
Appliance Integration: $137M in the third quarter 2026, 92% of revenue, +80% from a year earlier.
What is Harmonic's profit margin?
Net earnings were $14.6M, 9.8% of revenue, in the third quarter 2026; the operating margin was 17.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.