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Harmonic Inc

harmonicinc.com

Harmonic Inc (NASDAQ: HLIT) is a video streaming and cable access technology company that sells hardware, software, and SaaS solutions to cable operators, broadcast networks, and streaming service providers. Revenue comes from two reported segments: Video, which includes software and appliance products for video processing and delivery, and Cable Access, which includes the CableOS cloud-native broadband platform sold to cable operators. The 10-K filed 2026-02-24 (accession 000119312526067506) covers fiscal year ended in 2025. Harmonic competes in markets served by companies building video infrastructure and broadband access equipment. The CableOS platform is a software-based replacement for traditional CMTS hardware, a structural shift in how cable operators deliver broadband. Switching costs are present in both segments given deep integration into operator and broadcaster workflows. The company is headquartered in the United States and files on NASDAQ under the ticker HLIT.

Products & Services

CableOS (cloud-native, software-based CMTS/CCAP broadband platform for cable operators); video processing and delivery appliances; video software and SaaS solutions for encoding, transcoding, and streaming.

Revenue Model

Harmonic generates revenue through product sales (hardware appliances), software licenses, SaaS subscriptions, and support and maintenance contracts across its Video and Cable Access segments.

Customers & Markets

Cable multiple system operators (MSOs); broadcast television networks; streaming service providers; video service operators.

Geographic Exposure

Headquartered in the United States; files with the SEC on NASDAQ. Specific geographic revenue breakdown not supported by the provided filing excerpts.

Financial Snapshot

Revenue
TTM
$421.5M
Gross Margin
TTM
41.49%
Net Income
TTM
-$41.94M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
226.5%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
355.2M
Cash
2026 Q2
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
$45.44M

Stock Price

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Market Cap: $1.2531 Billion

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