Harmonic Inc (HLIT) financials
Harmonic revenue and earnings by year
Harmonic's revenue was $361 million in the fiscal year to December 31, 2025, down 26.2% from the year before. Net income was -$43.3 million, -12.0% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 1.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 361 | 488 | 608 | 625 | 507 | 379 | 403 | 404 | 358 | 406 |
| Revenue growth | -26.2% | -19.7% | -2.7% | 23.2% | 33.9% | -6.0% | -0.2% | 12.6% | -11.7% | — |
| Gross profit | 175 | 240 | 313 | 316 | 260 | 195 | 223 | 209 | 170 | 201 |
| Gross margin | 48.5% | 49.2% | 51.4% | 50.5% | 51.2% | 51.5% | 55.4% | 51.8% | 47.4% | 49.5% |
| Operating income | 14 | 75 | 22 | 46 | 19 | -12 | 13 | -5 | -71 | -67 |
| Operating margin | 3.9% | 15.3% | 3.6% | 7.3% | 3.7% | -3.3% | 3.2% | -1.2% | -19.8% | -16.5% |
| Net income | -43 | 39 | 84 | 28 | 13 | -29 | -6 | -21 | -83 | -72 |
| Net margin | -12.0% | 8.0% | 13.8% | 4.5% | 2.6% | -7.7% | -1.5% | -5.2% | -23.2% | -17.8% |
| Diluted EPS | -$0.38 | $0.33 | $0.72 | $0.25 | $0.12 | -$0.31 | -$0.08 | -$0.24 | -$1.02 | -$0.94 |
| Free cash flow | 97 | 53 | -1 | -4 | 28 | 7 | 21 | 5 | -8 | -15 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open HLIT in Markets.
See also: HLIT valuation and P/E history · HLIT returns
No forecast, no recommendation. This page describes Harmonic Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.