HLIT on Nasdaq

Harmonic Inc.

Logo: harmonicinc.com5

American technology company

Harmonic Inc. is an American technology company that develops and markets video routing, server, and storage products for companies that produce, process, and distribute video content for television and the Internet.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

1988Founded1

Compare with Ceragon, Planet Labs or Aviat Networks, or pick any stock.

  • TickerHLIT on Nasdaq1
  • IndustryRadio & Tv Broadcasting & Communications Equipment1
  • HeadquartersSan Jose1
  • Websitewww.harmonicinc.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address2590 Orchard Parkway, San Jose, Ca 951316
  • Filer categoryLarge accelerated filer6
  • LEI549300LRGRD8XC9BTL664
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 24939744

See how the biggest companies compare on our leaderboards

Harmonic Inc. image from its website
Image: harmonicinc.com5

Harmonic Inc. is an American technology company that develops and markets video routing, server, and storage products for companies that produce, process, and distribute video content for television and the Internet.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

48.5%Gross margin8
3.9%Operating margin8
-12.0%Net margin8
-26.2%Revenue growth, 20258
-11.3%Return on equity8
0.28×Debt to equity8
$96.9MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Appliance Integration brought in 76% of the revenue Harmonic Inc. broke down this way in fiscal 2025.

  1. Appliance Integration$302.8M876%down 30% from 2024
  2. Saa SService$57.7M815%up 6% from 2024
  3. Professional Services$35.7M89%up 56% from 2024
Products and services by year
Products and services202320242025
Appliance Integration$334.0M$433.8M$302.8M
Saa SService$54.5M$54.4M$57.7M
Professional Services$35.5M$22.9M$35.7M

Regions

Americas brought in 44% of the revenue Harmonic Inc. broke down this way in fiscal 2025.

  1. Americas$320.6M844%down 29% from 2024
  2. United States$277.0M838%down 34% from 2024
  3. Rest of the world$83.5M812%up 25% from 2024
  4. EMEA$33.9M85%down 7% from 2024
  5. Asia Pacific$6.1M81%up 149% from 2024
Regions by year
Regions202320242025
Americas$335.2M$449.3M$320.6M
United States$307.6M$421.7M$277.0M
Rest of the world$80.9M$66.5M$83.5M
EMEA$51.0M$36.4M$33.9M
Asia Pacific$2.3M$2.4M$6.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue52¢$185.8M
  • Research and development21¢$76.3M
  • Selling, general and admin23¢$81.4M
  • Other costs3¢$9.4M
  • Income tax2¢$7.6M

Out of $360.5M in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending10¢$11.1M
  • Share buybacks73¢$79.0M
  • Kept or used elsewhere17¢$17.9M

Out of $108.0M of cash from operations.8

Financial statements

Revenue91011128$360.5M in 2025−11% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $402.9M$402.9M20192020: $378.8M$378.8M2020−6%2021: $507.1M$507.1M2021+34%2022: $625.0M$625.0M2022+23%2023: $388.5M$388.5M2023−38%2024: $488.2M$488.2M2024+26%2025: $360.5M$360.5M2025−26%
Gross profit91011128$174.7M in 2025−22% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $223.0M$223.0M20192020: $195.0M$195.0M2020−13%2021: $259.7M$259.7M2021+33%2022: $315.9M$315.9M2022+22%2023: $178.1M$178.1M2023−44%2024: $240.1M$240.1M2024+35%2025: $174.7M$174.7M2025−27%
Operating income91011128$14.1M in 2025+8% since 2019
-$25.0M0$25.0M$50.0M$75.0M2019: $13.1M$13.1M20192020: -$12.4M-$12.4M20202021: $18.8M$18.8M20212022: $45.5M$45.5M2022+142%2023: $30.0M$30.0M2023−34%2024: $74.7M$74.7M2024+149%2025: $14.1M$14.1M2025−81%
Net income91011128-$43.3M in 2025+631% since 2019
-$50.0M0$50.0M$100.0M2019: -$5.9M-$5.9M20192020: -$29.3M-$29.3M2020+394%2021: $13.3M$13.3M20212022: $28.2M$28.2M2022+113%2023: $84.0M$84.0M2023+198%2024: $39.2M$39.2M2024−53%2025: -$43.3M-$43.3M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Total net revenue$360.5M$488.2M$388.5M
Total cost of revenue$185.8M$248.1M$210.4M
Total gross profit$174.7M$240.1M$178.1M
Research and development expense$76.3M$72.6M$69.7M
Selling, general and administrative$81.4M$79.2M$78.3M
Asset impairment and related charges$1.6M$10.9M$0
Restructuring and related charges$1.3M$2.7M$110.0K
Total operating expenses$160.7M$165.4M$148.1M
Income (loss) from operations$14.1M$74.7M$30.0M
Interest expense, net-$3.8M-$6.5M-$2.0M
Other income (expense), net-$1.4M$3.3M-$157.0K
Income before income taxes$8.9M$71.5M$27.8M
Provision for (benefit from) income taxes$7.6M$20.8M-$60.5M
Income from continuing operations$1.2M$50.7M$88.3M
Loss from discontinued operations, net of tax-$44.5M-$11.5M-$4.3M
Net income-$43.3M$39.2M$84.0M
Basic-$0.38$0.34$0.75
Diluted-$0.38$0.33$0.72
Basic113.7M shares115.1M shares111.7M shares
Diluted114.2M shares117.5M shares117.4M shares

Compare Harmonic Inc. with another company

The story

Harmonic was initially incorporated in California in June 1988 as Harmonic Lightwaves, and reincorporated into Delaware in May 1995.

Anthony J. Ley became chief executive in November 1988 after the creation of the company by co-founders Moshe Nazarathy, and Josef Berger. Co-founder Moshe Nazarathy led a research and development center named "Harmonic Data" in Israel starting in 1993, funded in part by the Israel-U.S. Binational Industrial Research and Development Foundation.

Harmonic acquired the DiviCom business of C-Cube Microsystems in 2000 for about $1.7 billion in stock.

It acquired the video networking software business of Entone Technologies in 2006 for about $45 million, Rhozet Corporation in 2007, and Scopus Video Networks, Ltd. in 2009, for $5.62 per share in cash, which represents an enterprise value of approximately $50 million, net of Scopus’ cash and short-term investments.

Omneon Video Networks was founded in May 1998, with investors including Advanced Technology Ventures, Norwest Venture Partners, Accel Partners and Invesco.

Omneon co-founder Donald M. Craig designed products that won Technology & Engineering Emmy Awards in 1988 and 1996.

On December 29, 2006 Omneon filed for an initial public offering, and tried again several times in 2007

and 2008 after dropping the "Video Networks" from its name,

Read the full text

but remained private.

On May 6, 2010 Omneon announced it agreed to be acquired by Harmonic for an estimated $274 million.

Harmonic sold its line of fiber-optic access products to Aurora Networks in February 2013 for $46 million in cash.

On February 29, 2016 Harmonic acquired Thomson Video Networks.

In January 2022, SBTVD Forum approved a selection of technologies for SBTVD 3.0 which include MPEG-5 LCEVC, V-NOVA & Harmonic’s submission.

In December 2025, it was announced Harmonic had received a binding offer from the Denver, CO-headquartered video technology company, MediaKind to acquire its video business segment for approximately $145 million in cash.

Harmonic completed the video business divestiture in June 2026. MediaKind acquired the video business segment for approximately $145 million in cash. The transaction positions Harmonic as a pure-play broadband tech company.

From Wikipedia’s article on Harmonic Inc., shared under CC BY-SA 4.0.7

Leadership

Who has led Harmonic Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Anthony J. Ley2006
  2. Patrick Harshman2006–2024
  3. Nimrod Ben-Natan2024–now

Chair

  1. Anthony J. Ley2006

President

  1. Anthony J. Ley2006
  2. Patrick Harshman2006–2024
  3. Suresh Vasudevan2010–2011
  4. Nimrod Ben-Natan2024–now

Chief financial officer

  1. Robin N. Dickson2006–2010
  2. Carolyn Aver V.2010–2015
  3. Harold L. Covert2015–2017
  4. Sanjay Kalra2017–2023
  5. Jeremy Rosenberg2023
  6. Walter Jankovic2023–now
19901995200020052010201520202025
Board members and other officers (34)

Products and brands

Products

Harmonic’s products fall into four principal categories:

video production products,

video server products for channel playout,

video processing products, and

Read the full text

cable edge products.

Video production products are used to support video editing, post-production and finishing. Server systems are used to assemble and play out one or more channel systems. Video processing products are used by media companies, broadcasters, telcos, satellite operators, cable operators, and OTT operators to acquire and use different types and sources of video signals. Cable edge products are used by cable operators to deliver customized broadcast or on-demand and data services to their subscribers.

The company supplies cable television headend or hub devices that receive digital video or data from the operator network, re-packetizes the video or data into an MPEG transport stream, then digitally modulates the MPEG transport stream onto a downstream RF channel using quadrature amplitude modulation (QAM).

Market

Harmonic sells its products to cable, satellite and telco, and broadcast and media companies.

In 2012, United States customers included Cablevision Systems, CenturyLink, Charter Communications, Comcast Corporation, Cox Communications, DirecTV, EchoStar Holding, TRC Integration, Time Warner Cable, and Turner Broadcasting.

Customers outside the United States include Alcatel-Lucent, Bell Satellite TV, Capella Telecommunications, Globecast, Huawei Technologies, Klonex – VCS, Netorium, Rogers Communications, SKY Perfect JSAT Corporation, Virgin Media, and Ziggo.

From Wikipedia’s article on Harmonic Inc., shared under CC BY-SA 4.0.7

Former names

  • HARMONIC INCNov 15, 1999 to Aug 4, 20256
  • HARMONIC LIGHTWAVES INCFeb 13, 1996 to Feb 16, 19996

Timeline

  1. Jun 18, 2024New chief executive Nimrod Ben-Natan becomes CEO17
  2. May 8, 2006New chief executive Patrick Harshman becomes CEO19
  3. Mar 1, 2006New chief executive Anthony J. Ley becomes CEO18
  4. 1988Founded Founded1

Filings

410 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 51 major events, 251 insider forms, 37 large holders, 50 other. The latest 20:

  1. Sep 15, 20264 EDGAR
  2. Sep 15, 20264 EDGAR
  3. Aug 18, 20264 EDGAR
  4. Aug 18, 20264 EDGAR
  5. Aug 18, 20264 EDGAR
  6. Aug 18, 20264 EDGAR
  7. Aug 17, 202610-Q EDGAR
  8. Aug 12, 20264 EDGAR
  9. Aug 12, 20264 EDGAR
  10. Aug 12, 2026NT 10-Q EDGAR
  11. Aug 12, 20268-K EDGAR
  12. Jul 17, 20264 EDGAR
  13. Jun 22, 20264 EDGAR
  14. Jun 17, 20268-K EDGAR
  15. Jun 15, 20264 EDGAR
  16. Jun 15, 20264 EDGAR
  17. Jun 8, 20268-K EDGAR
  18. Jun 5, 20268-K EDGAR
  19. Jun 3, 20264 EDGAR
  20. May 28, 2026SD EDGAR

The 410 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

42 open-market trades by officers, directors and large owners since October 2021: 8 buys and 34 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 14, 2026Copeland StephanieDirectorSale4,300$13.31$57.2KForm 4
May 13, 2026Haltmayer NevenSVP & GM, Video BusinessSale31,766$13.24$420.6KForm 4
Dec 15, 2025Haltmayer NevenSVP & GM, Video BusinessSale23,835$10.41$248.2KForm 4
Dec 12, 2025Haltmayer NevenSVP & GM, Video BusinessSale6,165$10.61$65.4KForm 4
Dec 11, 2025KRALL DAVIDDirectorBuy47,528$10.50$499.0KForm 4
Aug 1, 2025Whalen Daniel TDirectorBuy2,000$8.25$16.5KForm 4
May 30, 2025Whalen Daniel TDirectorBuy2,000$8.99$18.0KForm 4
Feb 25, 2025Whalen Daniel TDirectorBuy1,000$9.99$10.0KForm 4
Feb 24, 2025Whalen Daniel TDirectorBuy3,000$10.15$30.5KForm 4
Feb 13, 2025KRALL DAVIDDirectorBuy10,000$9.78$97.8KForm 4
Feb 13, 2025Ben-Natan NimrodPresident and CEOBuy7,780$9.65$75.1KForm 4
Feb 12, 2025Jankovic WalterChief Financial OfficerBuy12,000$9.44$113.3KForm 4
Jul 31, 2024Haltmayer NevenSVP & GM, Video BusinessSale40,000$14.41$576.4KForm 4
May 2, 2024Graham IanSVP, Global Sales & Video SvcsSale52,730$10.95$577.4KForm 4
Feb 16, 2024Haltmayer NevenSVP & GM, Video BusinessSale14,747$13.68$201.7KForm 4
Feb 5, 2024Ben-Natan NimrodPresident and CEOSale100,000$12.91$1.3MForm 4
Feb 2, 2024Haltmayer NevenSVP & GM, Video BusinessSale10,558$13.11$138.4KForm 4
Jan 31, 2024Haltmayer NevenSVP & GM, Video BusinessSale24,695$11.58$286.0KForm 4
Jan 31, 2024Graham IanSVP, Global Sales & Video SvcsSale25,861$11.65$301.3KForm 4
Dec 14, 2022HARSHMAN PATRICKPresident and CEOSale15,179$14.19$215.4KForm 4

All 42 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.18,004,412$294.0M0.0%−1,160,837
Vanguard Portfolio Management LLC5,389,426$88.0M0.0%−745,127
State Street Corp5,147,739$84.1M0.0%+286,787
Vanguard Capital Management LLC4,770,651$77.9M0.0%+70,297
Arrowstreet Capital, Limited Partnership3,291,847$53.8M0.0%+1,095,378
American Century Companies Inc3,215,450$52.5M0.0%+2,001,215
Dimensional Fund Advisors LP2,918,817$47.7M0.0%−754,581
First Eagle Investment Management, LLC2,892,266$47.2M0.0%+1,711,390
Geode Capital Management, LLC2,853,280$46.6M0.0%+59,032
Morgan Stanley2,139,718$34.9M0.0%+452,300
Trigran Investments, Inc.1,897,838$31.0M5.7%−1,318,997
D. E. Shaw & Co., Inc.1,881,400$30.7M0.0%−1,220,496
Two Sigma Investments, LP1,733,447$28.3M0.0%+1,563,536
Renaissance Technologies LLC1,724,427$28.2M0.0%+671,500
Leeward Investments, LLC - MA1,665,067$27.2M1.2%−34,635
Silverberg Bernstein Capital Management LLC1,309,257$21.4M8.2%−18,198
Northern Trust Corp1,186,522$19.4M0.0%−7,754
Nuveen, LLC1,143,896$18.7M0.0%−223,805
Systematic Financial Management LP1,100,266$18.0M0.4%−37,481
Charles Schwab Investment Management Inc1,051,381$17.2M0.0%+9,343
Millennium Management LLC843,479$13.8M0.0%+87,957
Jpmorgan Chase & Co819,321$13.0M0.0%+548,902
Vanguard Fiduciary Trust Co776,474$12.7M0.0%+48,023
Marshall Wace, Llp754,012$12.3M0.0%−691,267
Hillsdale Investment Management Inc.735,900$12.0M0.3%+65,700

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
    Company websiteHarmonic Inc. logo
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69