HLIT Harmonic margins

Relative Growth: Rel. Growth: 5

Relative Strength: Rel. Strength: 40

Relative Valuation: Rel. Valuation: 19

Relative Profitability: Rel. Profitability: 33

Gross margin

51.8%

Operating margin

11.6%

EBITDA margin

-1.8%

Net margin

-9.5%

Harmonic shows a gross margin of 51.8%, an operating margin of 11.6%, an EBITDA margin of -1.8%, and a net margin of -9.5%, but its EBITDA margin is negative at -1.8%, and its net margin is negative at -9.5%. All reported margins declined year over year, led by EBITDA margin with a decline of 22.3 percentage points.

HLIT margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Harmonic's margins averaged 51.13% gross, 7.66% operating, 6.48% EBITDA, and 5.37% net. Currently, gross and operating margins are above their three-year averages, while EBITDA and net margins are below their three-year averages.

HLIT margin expansion

Year-over-year margin changes in percentage points

Harmonic's gross margin contracted by 0.4 percentage points, operating margin by 5.3 percentage points, EBITDA margin by 22.3 percentage points, and net margin by 22.2 percentage points, led by EBITDA margin with a decline of 22.3 percentage points.

Gross margin expansion

-0.4pp

Operating margin expansion

-5.3pp

EBITDA margin expansion

-22.3pp

Net margin expansion

-22.2pp

HLIT Gross margin

Across the last 3 years, Harmonic recorded an average gross margin of 51.13%. The current gross margin stands at 51.8%, 0.7 percentage points above its three-year average. The highest gross margin for Harmonic was 53.3% in Mar 2025, while the lowest was 48.5% in Dec 2025.

HLIT Operating margin

Over the last 3 years, the average operating margin for Harmonic was 7.66%. Compared with its three-year average, Harmonic's current operating margin is 11.6% and is 3.9 percentage points above its three-year average. Harmonic's operating margin ranged from a low of -4.3% in Jun 2024 to a high of 16.9% in Jun 2025.

HLIT EBITDA margin

Harmonic's EBITDA margin averaged 6.48% across the past 3 years. Compared with its three-year average, Harmonic's current EBITDA margin is -1.8% and is 8.3 percentage points below its three-year average. Over the last 3 years, Harmonic's EBITDA margin peaked at 20.5% in Jun 2025 and reached a low of -5.8% in Dec 2025.

HLIT Net margin

Looking back over the last 3 years, Harmonic recorded an average net margin of 5.37%. The current net margin stands at -9.5%, 14.9 percentage points below its three-year average. The highest net margin for Harmonic was 13.8% in Dec 2023, while the lowest was -12% in Dec 2025.

HLIT margin group comparison

Margins compared with peer-group, industry and sector averages

Harmonic's gross margin of 51.8% is higher than the industry average but lower than the Technology sector average. But when looking at the Technology sector average of 52.2%, Harmonic's gross margin is only 0.8% lower.

HLIT margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Harmonic's gross margin?

For the period ending Jul 3, 2026, HLIT recorded a gross margin of 51.8%.

What is Harmonic's operating margin?

As of Jul 3, 2026, HLIT has an operating margin of 11.6%.

What is Harmonic's EBITDA margin?

As of Jul 3, 2026, HLIT has an EBITDA margin of -1.8%.

What is Harmonic's net margin?

As of Jul 3, 2026, HLIT has a net margin of -9.5%.

What are the average margins of HLIT?

Across the last 3 years, HLIT averaged 51.1% gross, 7.7% operating, 6.5% EBITDA, and 5.4% net.

What are the highest historical margins of HLIT?

In the last 5 years, the highest margins reported by HLIT were 53.3% gross in Mar 2025, 16.9% operating in Jun 2025, 20.5% EBITDA in Jun 2025, and 13.8% net in Dec 2023.

What are the lowest historical margins of HLIT?

Looking back across 5 years, HLIT reached its lowest margins at 48.5% gross in Dec 2025, -4.3% operating in Jun 2024, -5.8% EBITDA in Dec 2025, and -12% net in Dec 2025.