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Ubiquiti vs Harmonic: UI and HLIT compared
Ubiquiti is the larger company: $1.0B of revenue in its latest quarter (Q1 FY27) against $149M for Harmonic (Q3 2026). Harmonic is growing faster (+64% against +40% a year earlier). Ubiquiti is more profitable, with an operating margin of 38.1% against 17.6%.
Where the money goes: UI and HLIT
Ubiquiti (UI) · Q1 FY27
Ubiquiti, Q1 FY27: revenue $1.0B (+40% year over year), operating margin 38.1%, net earnings $320M, operating cash flow $319M. The chart follows the revenue to costs, profit and cash.
Harmonic (HLIT) · Q3 2026
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.
| Ubiquiti (UI) | Harmonic (HLIT) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $1.0B | $149M |
| Revenue growth, Y/Y | +40% | +64% |
| Gross margin | 47.3% | 51.8% |
| Operating margin | 38.1% | 17.6% |
| Net earnings | $320M | $14.6M |
| Net margin | 31.2% | 9.8% |
| Operating cash flow | $319M | $50.2M |
| Free cash flow | $312M | $47.4M |
| Market value | $35.9B | — |
| P/E | 33.5× | — |
| Analysts’ mean target | $734.50 | — |
Where the revenue comes from
Ubiquiti
- Enterprise technology: $941M (92%)
- Service provider technology: $84.9M (8%)
Harmonic
- Appliance Integration: $137M (92%)
- Saa S Service: $11.7M (8%)
Questions
Which is bigger, Ubiquiti or Harmonic?
Ubiquiti is the larger company: $1.0B of revenue in its latest quarter (Q1 FY27) against $149M for Harmonic (Q3 2026).
Is Ubiquiti or Harmonic growing faster?
Harmonic is growing faster (+64% against +40% a year earlier).
Which is more profitable, Ubiquiti or Harmonic?
Ubiquiti is more profitable, with an operating margin of 38.1% against 17.6%.
More: Ubiquiti earnings · how Ubiquiti makes money · Harmonic earnings · how Harmonic makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.