Harmonic Inc is projected to report Q2 2026 revenue of $120.9 million and earnings per share of $0.13, with the stock's current price of $12.47 trading significantly below the consensus analyst target of $16.60.
Investors are primarily focused on the growth trajectory of the Broadband segment following the completed $145 million divestiture of the company's Video business to MediaKind in June 2026.
Management recently raised its full-year broadband outlook to nearly $495 million, underpinned by a record backlog of $582.1 million that represents an 87% increase year-over-year. Analysts will be closely watching for progress in DOCSIS 4.0 deployments and the continued global scaling of the cOS virtualized broadband platform.