Company Reports Q4 Revenue of $157.3M, Exceeding Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
0mins
Should l Buy HLIT?
Reports Q4 revenue $157.3M, consensus $140.98M. "We ended the year with extremely strong quarterly bookings across our Broadband business," said Nimrod Ben-Natan, CEO. "These bookings drove a 3.5 book-to-bill for the quarter and a substantial year-over-year increase in backlog, which significantly improves our visibility for 2026. We expect this momentum, combined with Unified DOCSIS 4.0 ramps, large customer deployment plans and Rest-of-World accelerated adoption, will contribute to strong Broadband revenue growth this year. Furthermore, the Video business, presented as discontinued operations, exceeded both revenue and profitability expectations for the quarter. The planned sale of this business remains on track to close in the second quarter, which will further support our capital allocation priorities."
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Analyst Views on HLIT
Wall Street analysts forecast HLIT stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 8.980
Low
11.00
Averages
13.00
High
15.00
Current: 8.980
Low
11.00
Averages
13.00
High
15.00
About HLIT
Harmonic Inc. provider of broadband access solutions that enable broadband operators to deploy internet for data, voice and video services for customers. Its broadband business provides broadband access solutions and related services, including content optimization system (cOS) software-based broadband access solution, to broadband operators. Its cOS software-based broadband access solution is an end-to-end solution consisting of virtualized cloud-native software elements that orchestrate and connect with Harmonic and third-party indoor and outdoor hardware devices. Its solutions include software-based broadband access solutions, technical support and professional services. It offers hardware products which include Oyster, Ripple and SeaStar DAA nodes; Reef and Wave PHY shelf products; Pebble Remote PHY Devices (RPDs); and Fin, Pearl and Pier OLT modules and devices. It also provides maintenance and support services to customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Channel Capacity Increase: Harmonic's XOS Advanced Media Processor enables TDF to support six HD channels within the same multiplex bandwidth that previously carried five, representing a 20% increase in channel capacity to meet growing broadcast service demands.
- Bandwidth Efficiency Optimization: By leveraging Harmonic's PURE Compression Engine, TDF can deliver superior video quality at the lowest possible bitrates, enhancing overall service quality and stability without increasing bandwidth allocation.
- Future-Ready Capability: The XOS processor supports HEVC encoding and HDR Dolby Vision, ensuring TDF's infrastructure is prepared for future broadcast innovations, thereby strengthening its competitive position in the market.
- Dual-Site Architecture: Harmonic's solutions provide maximum resiliency and uninterrupted service through a geographically separated dual-site architecture, ensuring TDF's reliability and flexibility in delivering high-quality broadcast services.
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Harmonic Unveils Enhanced Sports Streaming Solution with Advanced Features
- Multiview Experience: Harmonic's new server-side multiview solution allows users to watch multiple games or camera angles simultaneously, ensuring synchronized playback and exceptional video quality, thereby enhancing user experience and increasing customer retention.
- Programmatic Advertising Innovation: In collaboration with Viant Technology, Harmonic's streaming solution supports scene-level programmatic advertising, automatically generating ad segments for key moments, which helps advertisers target more precisely and improve ad performance and revenue.
- Dynamic In-Stream Advertising: Harmonic's server-side in-stream advertising capabilities are now in production with a leading U.S. regional sports network, enabling real-time ad triggering based on key moments in live games, maximizing revenue without interrupting the viewing experience.
- Enhanced Content Protection: Harmonic strengthens content protection with integrated forensic watermarking technology, helping rights holders effectively combat piracy and ensure the security and integrity of high-value sports content, further solidifying its competitive position in the market.
See More
Harmonic Enhances XOS Media Processor Capabilities
- Enhanced ATSC 3.0 Experience: Harmonic's XOS Advanced Media Processor supports Dolby Vision® HDR and Dolby Atmos® audio, enabling broadcasters to optimize content presentation and enhance viewer experiences, thereby gaining a competitive edge in the ongoing ATSC 3.0 rollout in the U.S.
- Cost-Effective DTV+ Deployment: By integrating playout, encoding, and gateway functionalities into a single appliance, the XOS media processor significantly reduces DTV+ deployment costs while supporting advanced codecs like VVC and MPEG-H audio, ensuring high-quality video and audio experiences.
- Simplified Transition to IP Delivery: The XOS media processor supports both traditional satellite and IP-based distribution using SRT and RIST standards, ensuring broadcasters maintain high video quality and low latency during the migration to new infrastructure, thereby enhancing service reliability.
- Showcasing Innovations at NAB: Harmonic will demonstrate the latest innovations of the XOS media processor at the 2026 NAB Show, further solidifying its leadership position in global broadcast and video delivery solutions.
See More
Harmonic Accelerates Streaming and Broadcast Transformations at 2026 NAB Show
- AI-Powered Workflows: Harmonic introduces a new AI orchestration service at the 2026 NAB Show, which aggregates and coordinates third-party and in-house AI functions, significantly enhancing live content processing efficiency, thereby enabling media companies to monetize more effectively in an IP and AI-driven environment.
- Video Appliance Upgrade: The next-generation Spectrum™ X media server simplifies video ingest and playout functions, dramatically lowering the total cost per channel for broadcast delivery, which helps leading broadcasters globally enhance operational efficiency and capture new revenue opportunities.
- Streaming Innovations: Harmonic showcases its first large production deployment of VOS Media Software on Red Hat OpenShift, further advancing its hybrid streaming solution with enhanced central management capabilities across private and public cloud environments.
- Advertising Technology Advancement: The newly launched server-side in-stream advertising solution automatically triggers ads during live games, boosting monetization without interrupting viewer experience, while the integration with multiview channels further increases revenue potential.
See More
Harmonic Accelerates Streaming Transformation at 2026 NAB Show
- Innovative Video Solutions: At the 2026 NAB Show, Harmonic introduces a next-generation media server and AI-driven innovations aimed at streamlining video workflows and reducing operational costs, thereby enhancing overall efficiency in broadcasting and streaming services.
- AI Workflow Optimization: The company has updated the name of its AI service to 'AI orchestration service,' which helps media companies monetize more effectively in an IP- and AI-driven environment, thereby strengthening its competitive position in the market.
- Cost Reduction: Harmonic's solutions enable customers to minimize total cost of ownership (TCO) and unlock more meaningful revenue opportunities, further driving revenue growth in the media industry.
- Showcase at NAB: Harmonic will showcase its latest innovations at the 2026 NAB Show from April 19-22 at booth W2831, which is expected to attract significant attention from industry participants regarding its cutting-edge technologies.
See More
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- Cost Efficiency Improvement: With AI-powered EyeQ™ content-aware encoding, Alcom achieves up to 50% bitrate savings while maintaining outstanding video quality, which not only enhances viewer satisfaction but also creates new revenue opportunities for the company.
- Market Expansion: Alcom leverages Harmonic's technology to consolidate various media processing tasks, increasing operational efficiency and expanding its service portfolio through the Play+ white-label IPTV architecture, further solidifying its position in the Nordic market.
- Strategic Implications: The integration of Harmonic's XOS media processor with Agile TV's solutions enables Alcom to provide efficient, scalable, high-quality video services, helping it stand out in a competitive market and maximize revenue potential.
See More
Harmonic Enhances TDF's Broadcast Network Efficiency
- Channel Capacity Increase: Harmonic's XOS Advanced Media Processor enables TDF to support six HD channels within the same multiplex bandwidth that previously carried five, representing a 20% increase in channel capacity to meet growing broadcast service demands.
- Bandwidth Efficiency Optimization: By leveraging Harmonic's PURE Compression Engine, TDF can deliver superior video quality at the lowest possible bitrates, enhancing overall service quality and stability without increasing bandwidth allocation.
- Future-Ready Capability: The XOS processor supports HEVC encoding and HDR Dolby Vision, ensuring TDF's infrastructure is prepared for future broadcast innovations, thereby strengthening its competitive position in the market.
- Dual-Site Architecture: Harmonic's solutions provide maximum resiliency and uninterrupted service through a geographically separated dual-site architecture, ensuring TDF's reliability and flexibility in delivering high-quality broadcast services.
See More
Harmonic Unveils Enhanced Sports Streaming Solution with Advanced Features
- Multiview Experience: Harmonic's new server-side multiview solution allows users to watch multiple games or camera angles simultaneously, ensuring synchronized playback and exceptional video quality, thereby enhancing user experience and increasing customer retention.
- Programmatic Advertising Innovation: In collaboration with Viant Technology, Harmonic's streaming solution supports scene-level programmatic advertising, automatically generating ad segments for key moments, which helps advertisers target more precisely and improve ad performance and revenue.
- Dynamic In-Stream Advertising: Harmonic's server-side in-stream advertising capabilities are now in production with a leading U.S. regional sports network, enabling real-time ad triggering based on key moments in live games, maximizing revenue without interrupting the viewing experience.
- Enhanced Content Protection: Harmonic strengthens content protection with integrated forensic watermarking technology, helping rights holders effectively combat piracy and ensure the security and integrity of high-value sports content, further solidifying its competitive position in the market.
See More
Harmonic Enhances XOS Media Processor Capabilities
- Enhanced ATSC 3.0 Experience: Harmonic's XOS Advanced Media Processor supports Dolby Vision® HDR and Dolby Atmos® audio, enabling broadcasters to optimize content presentation and enhance viewer experiences, thereby gaining a competitive edge in the ongoing ATSC 3.0 rollout in the U.S.
- Cost-Effective DTV+ Deployment: By integrating playout, encoding, and gateway functionalities into a single appliance, the XOS media processor significantly reduces DTV+ deployment costs while supporting advanced codecs like VVC and MPEG-H audio, ensuring high-quality video and audio experiences.
- Simplified Transition to IP Delivery: The XOS media processor supports both traditional satellite and IP-based distribution using SRT and RIST standards, ensuring broadcasters maintain high video quality and low latency during the migration to new infrastructure, thereby enhancing service reliability.
- Showcasing Innovations at NAB: Harmonic will demonstrate the latest innovations of the XOS media processor at the 2026 NAB Show, further solidifying its leadership position in global broadcast and video delivery solutions.
See More
Harmonic Accelerates Streaming and Broadcast Transformations at 2026 NAB Show
- AI-Powered Workflows: Harmonic introduces a new AI orchestration service at the 2026 NAB Show, which aggregates and coordinates third-party and in-house AI functions, significantly enhancing live content processing efficiency, thereby enabling media companies to monetize more effectively in an IP and AI-driven environment.
- Video Appliance Upgrade: The next-generation Spectrum™ X media server simplifies video ingest and playout functions, dramatically lowering the total cost per channel for broadcast delivery, which helps leading broadcasters globally enhance operational efficiency and capture new revenue opportunities.
- Streaming Innovations: Harmonic showcases its first large production deployment of VOS Media Software on Red Hat OpenShift, further advancing its hybrid streaming solution with enhanced central management capabilities across private and public cloud environments.
- Advertising Technology Advancement: The newly launched server-side in-stream advertising solution automatically triggers ads during live games, boosting monetization without interrupting viewer experience, while the integration with multiview channels further increases revenue potential.
See More
Harmonic Accelerates Streaming Transformation at 2026 NAB Show
- Innovative Video Solutions: At the 2026 NAB Show, Harmonic introduces a next-generation media server and AI-driven innovations aimed at streamlining video workflows and reducing operational costs, thereby enhancing overall efficiency in broadcasting and streaming services.
- AI Workflow Optimization: The company has updated the name of its AI service to 'AI orchestration service,' which helps media companies monetize more effectively in an IP- and AI-driven environment, thereby strengthening its competitive position in the market.
- Cost Reduction: Harmonic's solutions enable customers to minimize total cost of ownership (TCO) and unlock more meaningful revenue opportunities, further driving revenue growth in the media industry.
- Showcase at NAB: Harmonic will showcase its latest innovations at the 2026 NAB Show from April 19-22 at booth W2831, which is expected to attract significant attention from industry participants regarding its cutting-edge technologies.
See More
Harmonic Empowers Alcom to Enhance Video Service Quality
- Technological Partnership: Harmonic's XOS™ Advanced Media Processor supports Alcom's next-generation white-label video service, enabling mid-size operators in Finland and Sweden to deliver broadcast and streaming services with exceptional video quality and efficiency, thereby enhancing market competitiveness.
- Cost Efficiency Improvement: With AI-powered EyeQ™ content-aware encoding, Alcom achieves up to 50% bitrate savings while maintaining outstanding video quality, which not only enhances viewer satisfaction but also creates new revenue opportunities for the company.
- Market Expansion: Alcom leverages Harmonic's technology to consolidate various media processing tasks, increasing operational efficiency and expanding its service portfolio through the Play+ white-label IPTV architecture, further solidifying its position in the Nordic market.
- Strategic Implications: The integration of Harmonic's XOS media processor with Agile TV's solutions enables Alcom to provide efficient, scalable, high-quality video services, helping it stand out in a competitive market and maximize revenue potential.
See More
