Harmonic Inc. filed its Form 10-Q with the Securities and Exchange Commission on August 17, 2026, covering the quarterly period ended July 3, 2026, and reporting financial results across continuing and discontinued operations.

Key Highlights

  • Total net revenue: $133,462 thousand for the three months ended July 3, 2026, compared with $86,918 thousand for the three months ended June 27, 2025, according to the filing.
  • Income from continuing operations: $17,051 thousand (net of tax) for the three months ended July 3, 2026, versus a loss of $857 thousand for the comparable prior-year quarter.
  • Net loss: $(2,324) thousand for the three months ended July 3, 2026, driven by a loss from discontinued operations of $(19,375) thousand in that same quarter.
  • Cash and cash equivalents: $231,862 thousand as of July 3, 2026, up from $124,105 thousand at December 31, 2025.
  • Share repurchases: 4,220 thousand shares repurchased for $42,950 thousand during the six months ended July 3, 2026, per the stockholders' equity statement.
  • Common shares outstanding: 109,066,445 as of August 3, 2026, per the filing cover page.

Harmonic's Revenue Growth and Discontinued Operations Impact in the First Half of 2026

According to the filing, Harmonic Inc. (NASDAQ:HLIT) reported total net revenue of $255,157 thousand for the six months ended July 3, 2026, compared with $171,796 thousand for the six months ended June 27, 2025. Revenue is reported across two categories: appliance and integration, which came in at $220,775 thousand for the six-month period, and SaaS and service, which contributed $34,382 thousand. The company's total gross profit for the six months ended July 3, 2026 was $133,503 thousand, versus $86,266 thousand in the prior-year period.

The filing disclosed that income from continuing operations, net of tax, was $26,699 thousand for the six months ended July 3, 2026. However, a loss from discontinued operations of $(21,714) thousand for the same period resulted in net income of $4,985 thousand on a consolidated basis. For the three months ended July 3, 2026 specifically, a loss from discontinued operations of $(19,375) thousand produced a net loss of $(2,324) thousand, despite income from continuing operations of $17,051 thousand in that quarter. Assets previously classified as held for sale totaling $223,961 thousand at December 31, 2025 were no longer reflected on the balance sheet as of July 3, 2026, consistent with the disposition activity noted in the statements of stockholders' equity.

The filing also reported that total assets stood at $632,645 thousand as of July 3, 2026, compared with $718,483 thousand at December 31, 2025. Total stockholders' equity was $360,346 thousand at July 3, 2026. Stock-based compensation of $18,567 thousand was recorded for the six months ended July 3, 2026, per the stockholders' equity table. The company's accumulated deficit increased to $(2,114,668) thousand at July 3, 2026 from $(2,076,406) thousand at December 31, 2025.

What Was Disclosed

Harmonic Inc. disclosed unaudited condensed consolidated financial statements for the quarterly period ended July 3, 2026, covering revenue by product segment, operating results from both continuing and discontinued operations, balance sheet data, and stockholders' equity activity including share repurchases.