Harmonic Inc. filed its Form 10-Q for the quarterly period ended October 2, 2026, reporting total net revenue of $148,838 thousand and net income of $14,638 thousand for the third fiscal quarter.

Key Highlights

  • Total net revenue of $148,838 thousand for the three months ended October 2, 2026, up from $90,492 thousand in the prior-year quarter, according to the filing.
  • Income from continuing operations of $18,094 thousand for the third quarter, compared to a loss of $515 thousand in the same period of 2025.
  • Loss from discontinued operations of $3,456 thousand for the quarter, resulting in net income of $14,638 thousand.
  • Nine-month total net revenue of $403,995 thousand, compared to $262,288 thousand for the nine months ended September 26, 2025.
  • Cash and cash equivalents of $142,841 thousand as of October 2, 2026, up from $124,105 thousand at December 31, 2025.
  • 107,450,289 shares of common stock outstanding as of November 2, 2026, with 108,965 thousand shares issued and outstanding as of October 2, 2026.
  • Share repurchases of $46,582 thousand during the nine months ended October 2, 2026, reducing share count from 111,186 thousand to 108,965 thousand.

Harmonic's Third Quarter 2026 Financial Results: Revenue Growth and Discontinued Operations

According to the filing, Harmonic Inc. (NASDAQ:HLIT) reported total net revenue of $148,838 thousand for the three months ended October 2, 2026, driven primarily by appliance and integration revenue of $137,187 thousand, compared to $76,179 thousand in the prior-year period. SaaS and service revenue was $11,651 thousand for the quarter, down from $14,313 thousand a year earlier. For the nine-month period, total net revenue reached $403,995 thousand versus $262,288 thousand in the comparable 2025 period.

The filing disclosed total gross profit of $77,119 thousand for the third quarter, with income from operations of $26,159 thousand, compared to $4,030 thousand in the same quarter of 2025. Operating expenses for the quarter totaled $50,960 thousand, including research and development of $23,558 thousand and selling, general and administrative costs of $27,300 thousand. For the nine months ended October 2, 2026, income from operations was $70,239 thousand, up from $10,312 thousand in the prior-year nine-month period.

The registrant reported a loss from discontinued operations of $3,456 thousand for the quarter and $25,170 thousand for the nine-month period. On the balance sheet, total assets were $589,103 thousand as of October 2, 2026, compared to $718,483 thousand at December 31, 2025. The filing noted that assets held for sale were $223,961 thousand at December 31, 2025 and zero at October 2, 2026, reflecting the disposition of those operations during the period. Total stockholders' equity stood at $375,556 thousand at quarter end, with an accumulated deficit of $2,103,595 thousand. Stock-based compensation for the nine-month period was $24,474 thousand, according to the filing.

What Was Disclosed

Harmonic Inc. filed its quarterly report covering the period ended October 2, 2026, disclosing revenue, earnings, balance sheet data, and share activity. The filing reflects the completion of a discontinued operations disposition and ongoing share repurchase activity during the nine-month period.