Harmonic (HLIT) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.21
- Estimate
- $0.17
- Surprise
- +24.7%
- Score at report (before → after)
- 6.4 → 6.4/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Harmonic (HLIT) beat the $0.17 estimate with adjusted EPS of $0.21 — a large 24.7% upside surprise. TrendMatrix's engine moved from Hold (6.4/10) to Buy (Wait) at 6.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates HLIT Buy (Wait) at 6.4/10.
4 of the last 4 quarters beat the estimate; this quarter's +24.7% surprise compares with a +140.7% four-quarter average. Next scheduled report: 2026-10-26.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive news sentiment (+0.67)
What argues against it
- Concentration risk — Geographic: Americas (89.0%)
- Concentration risk — Customer: top 10 customers (84.0%)
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $10.01
- Entry target
- $9.62
- Price target
- $14.04
- Stop
- $8.95
- Upside to target
- +40.3%
- Reward-to-risk
- 5.3:1
The stock trades at 38.5× trailing but 12.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-15 — shown for context, not personalized investment advice.
HLIT at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Communication Equipment
- Market cap
- $1.09B
- P/E (fwd)
- 12.4
- P/E (ttm)
- 38.5
- 52-week range
- $8.47–$17.68
- Off 52-week high
- 43.4%
- RSI (14)
- 32
- Volume vs avg
- 0.88×
- Score today
- 6.4/10