Harmonic (HLIT) FCF Margin (2009 - 2026)

Harmonic (HLIT) reported FCF Margin of 24.89% for Q2 2026, down 7236.0% on a YoY basis from 0.35% in Q2 2025, and up 164.55% quarter-over-quarter from 38.56% in Q4 2025.

Harmonic (HLIT) FCF Margin (2009 - 2026) Analysis & Trends

Harmonic has reported FCF Margin for 18 years, with the latest figure at 24.89% in Q2 2026.

  • For the quarter ending Q2 2026, FCF Margin fell 7236.0% year-over-year to 24.89%; the trailing twelve-month figure through Apr 2026 stood at 15.89% (down 858.0% YoY), and the FY2025 full-year result was 29.88%, up 1908.0% from the prior year.
  • FCF Margin for Q2 2026 stood at 24.89%, up from 38.56% in the prior quarter.
  • The five-year high for FCF Margin was 145.95% in Q4 2024, with the low at 38.56% in Q4 2025.
  • Historically, FCF Margin has averaged 13.94% across 5 years, with a median of 2.5% in 2023.
  • Annual changes were most pronounced in 2024 — FCF Margin soared 14518 bps — and 2025, when it plunged 18451 bps.
  • Harmonic's FCF Margin stood at 10.64% in 2022, then plunged by 93 bps to 0.78% in 2023, then jumped by 18713 bps to 145.95% in 2024, then sank by 126 bps to 38.56% in 2025, then jumped by 165 bps to 24.89% in 2026.
  • The last three FCF Margin figures came in at 24.89% (Q2 2026), 38.56% (Q4 2025), and 14.78% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 21.10%
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 10.77%
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 14.33%
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 6.55%
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 9.78%
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 19.71%
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn -2,101.51%
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn -94.99%
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 10.90%
10 Harmonic 1.46 Bn 1.35 Bn 63.62 Mn 24.89%

Historic Data

Download Data
DateValue
Apr 3, 2026 24.89%
Dec 31, 2025 -38.56%
Sep 26, 2025 14.78%
Jun 27, 2025 -11.81%
Mar 28, 2025 97.25%
Dec 31, 2024 145.95%
Sep 27, 2024 1.10%
Jun 28, 2024 -14.79%
Mar 29, 2024 20.41%
Dec 31, 2023 0.78%
Sep 29, 2023 10.28%
Jun 30, 2023 -11.56%
Mar 31, 2023 2.50%
Dec 31, 2022 10.64%
Sep 30, 2022 -9.62%
Jul 1, 2022 15.01%
Apr 1, 2022 -20.29%
Dec 31, 2021 4.92%
Oct 1, 2021 17.29%
Jul 2, 2021 11.21%