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 Its shares trade on Nasdaq under the symbol HLIT.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1988Founded1

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  • 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
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 margin9
3.9%Operating margin9
-12.0%Net margin9
-26.2%Revenue growth, 20259
-11.3%Return on equity9
0.28×Debt to equity9
$96.9MFree cash flow9

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$302.8M976%down 30% from 2024
  2. Saa SService$57.7M915%up 6% from 2024
  3. Professional Services$35.7M99%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$320.6M944%down 29% from 2024
  2. United States$277.0M938%down 34% from 2024
  3. Rest of the world$83.5M912%up 25% from 2024
  4. EMEA$33.9M95%down 7% from 2024
  5. Asia Pacific$6.1M91%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.9 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.9

Financial statements

Revenue101112139$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 profit101112139$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 income101112139$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 income101112139-$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.9

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

Corporate structure

Harmonic Inc. sits at the top of its group. 22 entities, 18 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Harmonic Inc.

  • Harmonic Inc. San Jose, California, United States
    • Financiere Kepler SAS Subsidiary · France
    • Harmonic (UK) Limited Subsidiary · United Kingdom
    • Harmonic Brazil LTDA Subsidiary · Brazil
    • Harmonic France SAS Subsidiary · France
    • Harmonic Germany GmbH Subsidiary · Germany
    • Harmonic India Private Limited Subsidiary · India
    • Harmonic International Australia Pty Ltd Subsidiary · Australia
    • HARMONIC INTERNATIONAL GMBH Subsidiary · Fribourg, Switzerland
    • Harmonic Italia Srl Subsidiary · Italy
    • Harmonic Japan GK Subsidiary · Japan
    • Harmonic Lightwaves (Israel) Ltd Subsidiary · Israel
    • Harmonic Mexico International Subsidiary · Mexico
    • Harmonic S.R.I. Subsidiary · Argentina
    • Harmonic Singapore P.T.E. Ltd. Subsidiary · Singapore
    • Harmonic Spain SL Subsidiary · Spain
    • Harmonic Technologies (Canada) Subsidiary · Canada
    • Harmonic Technologies (HK) Limited Subsidiary · Hong Kong
    • Harmonic Video Networks Ltd. Subsidiary · Israel
    • Harmonic Video Networks Malaysia Sdn Bhd Subsidiary · Malaysia
    • Horizon Acquisition Ltd Subsidiary · Israel
    • Thomson Video Networks India Private Ltd Subsidiary · India

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Harmonic Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$134.6M9 Dec 31, 2025$127.7M9 Dec 31, 2024+5.4%
Accumulated depreciation$108.9M9 Dec 31, 2025$102.5M9 Dec 31, 2024+6.3%
Property and equipment, net$25.6M9 Dec 31, 2025$25.2M9 Dec 31, 2024+1.9%
Operating-lease assets (leased space)$13.7M9 Dec 31, 2025$12.4M9 Dec 31, 2024+10.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$124.1M9 Dec 31, 2025$101.5M9 Dec 31, 2024+22.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$60.9M9 Dec 31, 2025$60.8M9 Dec 31, 2024+0.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$47.8M9 Dec 31, 2025$43.1M9 Dec 31, 2024+11.1%
Raw materials$8.5M9 Dec 31, 2025$11.2M9 Dec 31, 2024−24.2%
Work in process$4.4M9 Dec 31, 2025$2.3M9 Dec 31, 2024+87.1%
Finished goods$32.4M9 Dec 31, 2025$27.5M9 Dec 31, 2024+18.1%

Properties, in its own words

All of our facilities are leased, including our principal operations and corporate headquarters in San Jose, California. We have research and development centers in the United States, Israel, France and India. We have sales and service offices primarily in the United States and various locations in Europe and Asia. Our leases, which expire at various dates through September 2032, are for an aggregate of approximately 274,956 square feet of space. We believe that the facilities that we currently occupy are adequate for our current needs and that suitable additional space will be available, as needed, to accommodate the presently foreseeable expansion of our operations.

Item 2 of the 10-K filed Feb 24, 2026.18

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.

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

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Financiere Kepler SAS France8
  • Harmonic (UK) Limited United Kingdom8
  • Harmonic Brazil LTDA Brazil8
  • Harmonic France SAS France8
  • Harmonic Germany GmbH Germany8
  • Harmonic India Private Limited India8
  • Harmonic International Australia Pty Ltd Australia8
  • Harmonic International GmbH Switzerland8
  • Harmonic Italia Srl Italy8
  • Harmonic Japan GK Japan8
  • Harmonic Lightwaves (Israel) Ltd Israel8
  • Harmonic Mexico International Mexico8
  • Harmonic S.R.I. Argentina8
  • Harmonic Singapore P.T.E. Ltd. Singapore8
  • Harmonic Spain SL Spain8
  • Harmonic Technologies (Canada) Canada8
  • Harmonic Technologies (HK) Limited Hong Kong8
  • Harmonic Video Networks Ltd. Israel8
  • Harmonic Video Networks Malaysia Sdn Bhd Malaysia8
  • Horizon Acquisition Ltd Israel8
  • Thomson Video Networks India Private Ltd India8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

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

Timeline

  1. Aug 12, 20268-K Results of operations62
  2. Jun 17, 20268-K Completed an acquisition or sale; Executive or director change63
  3. Jun 8, 20268-K Regulation FD disclosure64
  4. Jun 5, 20268-K Shareholder vote65
  5. May 11, 20268-K Results of operations66
  6. Apr 2, 20268-K Executive or director change67
  7. Mar 23, 20268-K Entered a material agreement68
  8. Mar 11, 20268-K Regulation FD disclosure69
  9. Feb 19, 20268-K Results of operations70
  10. Feb 9, 20268-K Executive or director change71
  11. Dec 9, 20258-K Entered a material agreement; Regulation FD disclosure72
  12. Nov 3, 20258-K Results of operations73
  13. Jun 18, 2024New chief executive Nimrod Ben-Natan becomes CEO19
  14. May 8, 2006New chief executive Patrick Harshman becomes CEO21
  15. Mar 1, 2006New chief executive Anthony J. Ley becomes CEO20
  16. 1988Founded Founded1

Calendar

Coming up

  1. Nov 2, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.06 a share, on Nov 3, 2025.74

When it reported results

  1. Aug 12, 2026Reported quarterly or annual results62
  2. May 11, 2026Reported quarterly or annual results66
  3. Feb 19, 2026Reported quarterly or annual results70
  4. Nov 3, 2025Reported quarterly or annual results73
  5. Jul 28, 2025Reported quarterly or annual results75
  6. Apr 28, 2025Reported quarterly or annual results76
  7. Feb 10, 2025Reported quarterly or annual results77
  8. Oct 28, 2024Reported quarterly or annual results78

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

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.

SEC filer profile

How Harmonic Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHARMONIC INC.2
  • CIK0000851310
  • Employer ID (EIN)77-020114718
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address2590 Orchard Parkway, San Jose, CA 951312
  • Phone(408) 542-25002
  • Shares outstanding109,066,445 as of Aug 3, 202615
  • Public float$654.6M as of Jun 27, 202518
  • AuditorErnst & Young LLP, San Jose, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceFeb 13, 19962
  • Filings1,681 in all: 4 (885), 8-K (242), SC 13G/A (103), 10-Q (91), SC 13G (42), 3 (33), S-8 (31), 10-K (30)2
    All 50 form types

    DEF 14A (30), 4/A (19), 144 (15), DEFA14A (15), UPLOAD (14), SD (13), 10-K/A (10), 5 (10), 8-K/A (10), CORRESP (10), SC 13D/A (9), S-3 (6), S-8 POS (6), ARS (5), SC 13D (5), SCHEDULE 13G/A (5), 10-Q/A (4), 424B5 (4), DEFR14A (3), SC TO-I/A (3), 424B4 (2), 5/A (2), CT ORDER (2), NT 10-Q (2), S-3/A (2), SCHEDULE 13G (2), 3/A (1), 424A (1), 424B1 (1), 424B3 (1), 8-A12G (1), EFFECT (1), NT 10-K (1), POS AM (1), PREC14A (1), REGDEX (1), S-3ASR (1), S-4 (1), S-4/A (1), S-4MEF (1), SC TO-C (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2026
    Quarterly report (10-Q) Aug 17, 2026
    Proxy statement (DEF 14A) Apr 24, 2026
    Latest 8-K (8-K) Aug 12, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareHLITThe Nasdaq Global Select Market

From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Harmonic Inc. names in Item 1A of its 10-K filed Feb 24, 2026: 37 risks under these headings, as written.18

  • Risks Related to the Sale of our Video Business
  • If we are unsuccessful in completing the pending sale of our Video business or executing our business plan and necessary transition activities following the sale of our Video business, our business and results of operations may be adversely affected and our ability to invest and grow our business could be limited.
  • We may not achieve the intended benefits of the sale of our Video business.
  • Our future results of operations will be dependent solely on the operations of the Broadband business and may differ materially from our previous results.
  • Risks Related to Our Business and Our Industry
  • We depend on cable and telco industry spending for our revenue and any material decrease or delay in spending in any of these industries would negatively impact our operating results, financial condition and cash flows.
  • The loss of one or more of our key customers, a failure to continue diversifying our customer base, or a decrease in the number of larger transactions could harm our business and our operating results.
  • We need to develop and introduce new and enhanced products and solutions in a timely manner to meet the needs of our customers and to remain competitive.
  • The markets in which we operate are intensely competitive.
  • Our future growth depends on a number of broadband industry trends.
  • Our software-based broadband access product initiatives expose us to certain technology transition risks that may adversely impact our operating results, financial condition and cash flows.
  • Our operating results are likely to fluctuate significantly and, as a result, may fail to meet or exceed the expectations of securities analysts or investors, causing our stock price to decline.
The other 27 risks
  • We purchase several key components, subassemblies and modules used in the manufacture or integration of our products from sole or limited sources, and we rely on contract manufacturers and other subcontractors. Our components may be subject to price fluctuations, shortages or interruptions of supply, including as a result of geopolitical instability and the use and evolution of AI.
  • Operational Risks
  • We face risks associated with having facilities and employees located in Israel.
  • We face risks associated with having outsourced engineering resources located in Ukraine.
  • We may not be able to effectively manage our operations.
  • In order to manage our growth, we must be successful in addressing management succession issues and attracting and retaining qualified personnel.
  • Our products include third-party technology and intellectual property, and our inability to acquire new technologies or use third-party technology in the future could harm our business.
  • Cybersecurity incidents, including data security breaches or computer viruses, could harm our business by disrupting our business operations, compromising our products and services, damaging our reputation or exposing us to liability.
  • Our operating results could be adversely affected by natural disasters affecting us or impacting our third-party manufacturers, suppliers, resellers or customers.
  • Financial, Transactional and Tax Risks
  • We may need additional capital in the future and may not be able to secure adequate funds at all or on terms acceptable to us.
  • Our Credit Agreement imposes operating and financial restrictions on us.
  • Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our business to pay our substantial debt.
  • Despite our current debt levels, we may still incur substantially more debt or take other actions which would intensify the risks discussed above.
  • We have made, and may continue to make, acquisitions, and any acquisition could disrupt our operations, cause dilution to our stockholders and materially and adversely affect our business, operating results, cash flows and financial condition.
  • The nature of our business requires the application of complex revenue and expense recognition rules and the current legislative and regulatory environment affecting generally accepted accounting principles is uncertain. Significant changes in current principles could affect our financial statements going forward and changes in financial accounting standards or practices may cause adverse, unexpected financial reporting fluctuations and harm our operating results.
  • Fluctuations in our future effective tax rates could affect our future operating results, financial condition and cash flows.
  • We are subject to taxation-related risks in multiple jurisdictions, and the adoption and interpretation of new tax legislation, tax regulations, tax rulings, or exposure to additional tax liabilities could materially affect our business, financial condition and results of operations.
  • Legal, Regulatory and Compliance Risks
  • We or our customers may face intellectual property infringement claims from third parties.
  • We may be the subject of litigation which, if adversely determined, could harm our business and operating results.
  • Our failure to adequately protect our proprietary rights and data may adversely affect us.
  • Our use of open source software in some of our products may expose us to certain risks.
  • We are subject to import and export control and trade and economic sanction laws and regulations that could subject us to liability or impair our ability to compete in international markets.
  • Our business and industry are subject to various laws and regulations that could adversely affect our business, operating results, cash flows and financial condition.
  • We depend significantly on our international revenue and are subject to the risks associated with international operations, including those of our contract manufacturers and outsourcing partners, which may negatively affect our operating results.
  • Risks Related to Ownership of Our Common Stock
  • Some anti-takeover provisions contained in our certificate of incorporation and bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
  • Our common stock price may be extremely volatile, and the value of an investment in our stock may decline.
  • We cannot guarantee that our stock repurchase program will be fully implemented or that it will enhance long-term stockholder value.
  • Our stock price may decline if additional shares are sold in the market or if analysts drop coverage of or downgrade our stock.

Legal proceedings

This information set forth under Note 15, “Legal Proceedings”, included in Part II, Item 8 of this Annual Report on Form 10-K, is incorporated herein by reference. For an additional discussion of certain risks associated with legal proceedings, refer to “Risk Factors” above.

The opening of Item 3, Legal Proceedings.18

Sources

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