Harmonic Lifts 2026 Revenue Outlook to $545 Million-$555 Million

Harmonic Inc. raised its 2026 revenue outlook to $545 million-$555 million after third-quarter revenue from continuing operations climbed 64% year over year to $148.8 million for the period ended Oct. 2.

The updated full-year revenue range is above the $505 million-$525 million forecast Harmonic gave after its second quarter. The company also increased its 2026 non-GAAP earnings per share (EPS) outlook to $0.80-$0.84, from $0.67-$0.75. Its separate GAAP EPS forecast rose to $0.54-$0.57, compared with the prior $0.44-$0.53 range.

Non-GAAP EPS is a per-share earnings measure calculated using a company’s non-GAAP methodology. Harmonic provided both non-GAAP and GAAP figures for its full-year and quarterly outlooks.

For the third quarter, revenue was $148.8 million, up from $90.5 million in Q3 2025. GAAP operating profit reached $26.2 million, compared with $4 million in the year-earlier quarter. Harmonic’s third-quarter EPS was $0.16 on a GAAP basis and $0.23 on a non-GAAP basis.

Rest-of-Market revenue more than doubled from the prior-year quarter and accounted for a record 46% of third-quarter revenue. Backlog and deferred revenue stood at $534 million on Oct. 2, up from $338 million at the same point a year earlier.

For the fourth quarter, Harmonic forecast revenue of $141 million-$151 million. Its EPS outlook for the period is $0.19-$0.23 on a non-GAAP basis and $0.13-$0.16 on a GAAP basis.

Harmonic completed the sale of its Video business to MediaKind on June 16, 2026. The company now operates as a broadband business with one reportable segment, Broadband; the third-quarter figures above cover continuing operations.