Jun 2026 (Q2 FY26) — Aug 12, 2026
Harmonic Inc. Q2 FY26 — Strong Broadband Growth and Raised Full-Year Outlook
Read the full callHarmonic earnings: last reported Wed, 12 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 133 | +53.5% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 17.7 | +18.6 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | -2.3 | −180.9% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Price
1Y: $10.2 on 17 Oct 2025 → $10.83. High $17.11 (27 May 2026), low $8.85 (20 Nov 2025).
Overview
Call summaries
Harmonic Inc. Q2 FY26 — Strong Broadband Growth and Raised Full-Year Outlook
Read the full callEvery analysed call
Financials
Net profit, year on year: −181% (quarter to jul 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 196 | 222 | 85 | 87 | 142 | — | 122 | 133 |
| Operating profit | 35 | 53 | 7 | -1 | 10 | -10 | 20 | 24 |
| Operating margin | 18.1% | 23.8% | 8.3% | −0.9% | 6.9% | — | 16.8% | 17.7% |
| Other income | -7 | 3 | -2 | -2 | -1 | -2 | -1 | -2 |
| Interest | 3 | 2 | 1 | 1 | 1 | -0 | 1 | 1 |
| Profit before tax | 29 | 56 | 5 | -3 | 9 | -11 | 19 | 22 |
| Tax rate | 24.6% | 32.0% | 53.6% | 71.8% | 69.2% | 9.3% | 50.1% | 22.4% |
| Net profit | 22 | 38 | 6 | 3 | 3 | -55 | 7 | -2 |
| EPS ($ per share) | 0.19 | — | 0.05 | 0.03 | 0.02 | — | 0.07 | -0.02 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -2,067 | -2,072 | -2,101 | -2,088 | -2,047 | -1,963 | -1,953 | -2,076 |
| Total liabilities | 283 | 332 | 333 | 397 | 386 | 331 | 331 | 335 |
| Fixed assets | 22 | 23 | 43 | 43 | 40 | 37 | 25 | 26 |
| Investments | — | — | — | — | 0 | — | — | — |
| Total assets | 511 | 587 | 592 | 694 | 710 | 768 | 797 | 718 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 12 | 31 | 39 | 41 | 5 | 7 | 62 | 108 |
| Cash from investing | -7 | -10 | -32 | -13 | -1 | -8 | -9 | -11 |
| Cash from financing | 3 | 6 | -2 | 8 | -43 | -5 | -33 | -81 |
| Net cash flow | 7 | 27 | 6 | 35 | -44 | -5 | 18 | 23 |
| Capital expenditure | -7 | -10 | -32 | -13 | -9 | -8 | -9 | -11 |
| Free cash flow | 5 | 21 | 7 | 28 | -4 | -1 | 53 | 97 |
72 filings between Nov 15, 2025 and Sep 11, 2026.
Purchases
$499.0K
1 purchase by 1 insider
Sales
$791.4K
5 sales by 2 insiders
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Haltmayer Neven | — | $734.2K | May 13, 2026 |
| KRALL DAVID | $499.0K | — | Dec 11, 2025 |
| Copeland Stephanie | — | $57.2K | May 14, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 11, 2026 | Jankovic Walter Chief Financial Officer | Option exercise | 1,457 | $0 |
| Sep 11, 2026 | Ben-Natan Nimrod President and CEO | Option exercise | 20,032 | $0 |
| Sep 11, 2026 | Jankovic Walter Chief Financial Officer | Tax withheld | 732 | $8.8K |
| Aug 15, 2026 | Ben-Natan Nimrod President and CEO | Option exercise | 26,196 | $0 |
| Aug 15, 2026 | Glahn Ronald J SVP, Global Sales, Broadband | Option exercise | 4,038 | $0 |
| Aug 15, 2026 | Jankovic Walter Chief Financial Officer | Option exercise | 19,784 | $0 |
| Aug 15, 2026 | Chu Timothy C General Counsel & SVP, HR | Tax withheld | 3,475 | $48.4K |
| Aug 15, 2026 | Jankovic Walter Chief Financial Officer | Tax withheld | 9,930 | $138.2K |
| Aug 15, 2026 | Glahn Ronald J SVP, Global Sales, Broadband | Tax withheld | 1,111 | $15.5K |
| Aug 15, 2026 | Chu Timothy C General Counsel & SVP, HR | Option exercise | 9,876 | $0 |
| Jul 15, 2026 | Glahn Ronald J SVP, Global Sales, Broadband | Tax withheld | 1,031 | $13.4K |
| Jul 15, 2026 | Glahn Ronald J SVP, Global Sales, Broadband | Option exercise | 3,750 | $0 |
| Jun 16, 2026 | Haltmayer Neven SVP & GM, Video Business | Option exercise | 44,600 | $0 |
| Jun 16, 2026 | Haltmayer Neven SVP & GM, Video Business | Tax withheld | 23,751 | $351.5K |
| Jun 11, 2026 | Jankovic Walter Chief Financial Officer | Option exercise | 1,457 | $0 |
| Jun 11, 2026 | Ben-Natan Nimrod President and CEO | Option exercise | 20,032 | $0 |
| Jun 11, 2026 | Jankovic Walter Chief Financial Officer | Tax withheld | 732 | $10.6K |
| Jun 1, 2026 | Haltmayer Neven SVP & GM, Video Business | Tax withheld | 1,452 | $23.0K |
| Jun 1, 2026 | Haltmayer Neven SVP & GM, Video Business | Option exercise | 2,725 | $0 |
| May 22, 2026 | Jankovic Walter Chief Financial Officer | Option exercise | 6,645 | $0 |
| May 22, 2026 | Jankovic Walter Chief Financial Officer | Tax withheld | 3,335 | $50.7K |
| May 15, 2026 | Ben-Natan Nimrod President and CEO | Option exercise | 26,196 | $0 |
| May 15, 2026 | Jankovic Walter Chief Financial Officer | Option exercise | 19,785 | $0 |
| May 15, 2026 | Glahn Ronald J SVP, Global Sales, Broadband | Tax withheld | 1,111 | $13.9K |
| May 15, 2026 | Glahn Ronald J SVP, Global Sales, Broadband | Option exercise | 4,038 | $0 |
| May 15, 2026 | Jankovic Walter Chief Financial Officer | Tax withheld | 9,099 | $114.1K |
| May 15, 2026 | Chu Timothy C General Counsel & SVP, HR | Tax withheld | 3,475 | $43.6K |
| May 15, 2026 | Chu Timothy C General Counsel & SVP, HR | Option exercise | 9,876 | $0 |
| May 15, 2026 | Haltmayer Neven SVP & GM, Video Business | Tax withheld | 6,057 | $76.0K |
| May 15, 2026 | Haltmayer Neven SVP & GM, Video Business | Option exercise | 11,373 | $0 |
| May 14, 2026 | Copeland Stephanie Director | Sale | 4,300 | $57.2K |
| May 13, 2026 | Haltmayer Neven SVP & GM, Video Business | Sale | 31,766 | $420.6K |
| Apr 15, 2026 | Glahn Ronald J SVP, Global Sales, Broadband | Tax withheld | 1,042 | $10.3K |
| Apr 15, 2026 | Glahn Ronald J SVP, Global Sales, Broadband | Option exercise | 3,750 | $0 |
| Mar 11, 2026 | Ben-Natan Nimrod President and CEO | Option exercise | 20,032 | $0 |
| Mar 11, 2026 | Jankovic Walter Chief Financial Officer | Option exercise | 1,457 | $0 |
| Mar 11, 2026 | Jankovic Walter Chief Financial Officer | Tax withheld | 513 | $4.8K |
| Mar 1, 2026 | Haltmayer Neven SVP & GM, Video Business | Tax withheld | 1,451 | $15.4K |
| Mar 1, 2026 | Haltmayer Neven SVP & GM, Video Business | Option exercise | 2,724 | $0 |
| Feb 22, 2026 | Jankovic Walter Chief Financial Officer | Option exercise | 6,644 | $0 |
| Feb 22, 2026 | Jankovic Walter Chief Financial Officer | Tax withheld | 2,338 | $25.5K |
| Feb 15, 2026 | Copeland Stephanie Director | Option exercise | 16,143 | $0 |
| Feb 15, 2026 | Crandall Dana L Director | Option exercise | 16,143 | $0 |
| Feb 15, 2026 | Whalen Daniel T Director | Option exercise | 16,143 | $0 |
| Feb 15, 2026 | KRALL DAVID Director | Option exercise | 16,143 | $0 |
| Feb 15, 2026 | Jankovic Walter Chief Financial Officer | Option exercise | 45,273 | $0 |
| Feb 15, 2026 | Haltmayer Neven SVP & GM, Video Business | Tax withheld | 18,144 | $193.8K |
| Feb 15, 2026 | Haltmayer Neven SVP & GM, Video Business | Option exercise | 32,991 | $0 |
| Feb 15, 2026 | Glahn Ronald J SVP, Global Sales, Broadband | Tax withheld | 4,429 | $47.3K |
| Feb 15, 2026 | Glahn Ronald J SVP, Global Sales, Broadband | Option exercise | 16,151 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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