Harmonic Q3 Adjusted Earnings, Revenue Rise; 2026 Outlook Raised, Shares Jump Pre-Bell

05:23 AM EST, 11/03/2026 (MT Newswires) -- Harmonic (HLIT) reported fiscal Q3 adjusted earnings late Monday of $0.23 per diluted share, up from $0.07 a year earlier. Analysts polled by FactSet expected $0.17. Revenue for the quarter ended Oct. 2 was $148.8 million, up from $90.5 million a year earlier. Analysts expected $129.5 million. For fiscal Q4, the company expects adjusted EPS of $0.19 to $0.23 on revenue of $141 million to $151 million. Analysts are looking for $0.19 and $139.8 million, respectively. For fiscal 2026, the company raised its EPS guidance to a range of $0.80 to $0.84 from prior range of $0.67 to $0.75. Revenue projection for the fiscal year was also increased to $545 million to $555 million from $505 million to $525 million, previously. Analysts surveyed by FactSet expect EPS of $0.77 on revenue of $534.4 million. Shares rose more than 17% in premarket trading Tuesday. Price: 11.95, Change: +1.76, Percent Change: +17.27