Is Harmonic Inc. (HLIT) overvalued or fairly valued?

MarketChacha shows Harmonic Inc.'s valuation in context — a trailing P/E of about 70.9, a forward P/E of about 15.5, a price-to-book of about 3.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Harmonic Inc.'s reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.21×) from reported figures — education, not a rating.

What is Harmonic Inc.'s revenue?

Harmonic Inc. reported revenue of $360.5M for FY2025, with net profit of $-43.3M, per official filings.

What is the share price of Harmonic Inc. (HLIT)?

Harmonic Inc. last traded at $12.05 (-3.4% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Harmonic Inc.

HLIT · NYSE · Technology · United States

$12.05-3.4%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:33 PM

Snapshot

TickerHLIT

ExchangeNYSE

SectorTechnology

IndustryCommunication Equipment

CountryUnited States

Employees521

HeadquartersSan Jose, United States

Market cap$1.3B

P/E (TTM)70.9

P/B3.7

Volume645.66K

Websitewww.harmonicinc.com

Filings tracked7

About Harmonic Inc.

Harmonic Inc., together with its subsidiaries, provides broadband access solutions worldwide. The company provides software-based broadband access solution, including cOS software-based broadband access solutions to broadband operators, an end-to-end solution consisting of virtualized cloud-native software; hardware products include Oyster, Ripple and SeaStar DAA nodes; Reef and Wave PHY shelf products; pebble remote PHY Devices; and fin, pearl and pier OLT modules and devices; and cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. It also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. It also serves cable and telco operators. The company was incorporated in 1988 and is headquartered in San Jose, California.

Profile as reported by Yahoo Finance.

Who owns it

Insiders2.1%
Institutions89.6%
Public & other8.3%

346 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.17.66%
Vanguard Portfolio Management LLC5.65%
State Street Corporation4.48%
Vanguard Capital Management LLC4.33%
Dimensional Fund Advisors LP3.39%
Trigran Investments Inc2.96%
Shaw D.E. & Co., Inc.2.86%
Geode Capital Management, LLC2.58%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Margin has compressed by about 33.6 points over the period — profitability is trending down.

Cash conversion2.21×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend21.6% → -12.0%

Margin has compressed by about 33.6 points over the period — profitability is trending down.

Return on equity-11.3%

Latest ROE of -11.3% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $119.9M · EPS 0.10

Est. earnings growth +20.1%

Next fiscal year

Rev $548.6M · EPS 0.78

Est. earnings growth +21.8%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$7.8052-wk range$17.68

Delayed · as reported by Yahoo Finance

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$1.3B

Day change

-3.4%

P/E (TTM)

70.9

Fwd P/E

15.5

P/B

3.7

Beta

1.29

Revenue (FY2025)

$360.5M

Net margin

-12.0%

ROE

-11.3%

Revenue CAGR (2y)

-3.7%

EPS (FY2025)

-0.38

Net profit (FY2025)

$-43.3M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about HLIT

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$360.5M	$-43.3M	-0.38	-12.0%	-11.3%
FY2024	$488.2M	$39.2M	0.33	8.0%	8.4%
FY2023	$388.5M	$84.0M	0.72	21.6%	19.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$121.7M	$7.3M	0.07	6.0%
2025Q3	$142.4M	$2.7M	0.02	1.9%
2025Q2	$138.0M	$2.9M	0.03	2.1%
2025Q1	$84.9M	$5.9M	0.05	7.0%
2024Q3	$195.8M	$21.7M	0.19	11.1%
2024Q2	$138.7M	$-12.5M	-0.11	-9.0%
2024Q1	$122.1M	$-8.1M	-0.07	-6.6%
2023Q3	$127.2M	$-6.5M	-0.06	-5.1%
2023Q2	$156.0M	$1.6M	0.01	1.0%
2023Q1	$157.6M	$5.1M	0.04	3.2%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Completion of acquisition/disposition, Executive/director change, Exhibits
SEC6/17/2026material
8-K — Reg FD disclosure
SEC6/8/2026material
8-K — Shareholder vote results
SEC6/5/2026material
10-Q filing
SEC5/13/2026
8-K — Results of operations, Exhibits
SEC5/11/2026material
8-K — Executive/director change, Exhibits
SEC4/2/2026material
8-K — Material agreement, Exhibits
SEC3/23/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.