Harmonic Inc. (HLIT) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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HLIT Revenue Growth
Revenue Breakdown (FY 2024)
HLIT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
HLIT Revenue Analysis (2013–2024)
As of May 8, 2026, Harmonic Inc. (HLIT) generated trailing twelve-month (TTM) revenue of $635.7 million, reflecting significant decline in growth of -27.3% year-over-year. The most recent quarter (Q3 2025) recorded $142.4 million in revenue, up 3.2% sequentially.
Looking at the longer-term picture, HLIT's 5-year compound annual growth rate (CAGR) stands at +11.0%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $678.7 million in 2024, representing a new all-time high.
Revenue diversification analysis shows HLIT's business is primarily driven by Product (71%), Support Services (17%), and SAAS (8%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including VIAV (+30.6% YoY), ADTN (+18.8% YoY), and CALX (+28.4% YoY), HLIT has underperformed the peer group in terms of revenue growth. Compare HLIT vs VIAV →
HLIT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HLITCurrent | $636M | -27.3% | +11.0% | 9.3% | |
 VIAV | $1.1B | +30.6% | -0.9% | 6.5% | |
 ADTN | $1.1B | +18.8% | +16.4% | -1.4% | |
 CALX | $1.0B | +28.4% | +13.1% | 2.1% | |
 ATEN | $291M | +12.1% | +5.2% | 16.2% | |
 CSCO | $56.7B | +9.0% | +2.8% | 20.8% |
HLIT Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $678.7M | +11.6% | $365.9M | 53.9% | $63.1M | 9.3% |
| 2023 | $607.9M | -2.7% | $312.5M | 51.4% | $22.2M | 3.6% |
| 2022 | $625.0M | +23.2% | $315.9M | 50.5% | $45.5M | 7.3% |
| 2021 | $507.1M | +33.9% | $259.7M | 51.2% | $18.8M | 3.7% |
| 2020 | $378.8M | -6.0% | $195.0M | 51.5% | $-12,449,000 | -3.3% |
| 2019 | $402.9M | -0.2% | $223.0M | 55.4% | $13.1M | 3.2% |
| 2018 | $403.6M | +12.6% | $209.2M | 51.8% | $-5,011,000 | -1.2% |
| 2017 | $358.2M | -11.7% | $169.8M | 47.4% | $-70,877,000 | -19.8% |
| 2016 | $405.9M | +7.7% | $200.8M | 49.5% | $-67,036,000 | -16.5% |
| 2015 | $377.0M | -13.0% | $202.7M | 53.8% | $-12,948,000 | -3.4% |
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Start ComparisonHLIT — Frequently Asked Questions
Quick answers to the most common questions about buying HLIT stock.
Is HLIT's revenue growth accelerating or slowing?
HLIT revenue declined -27.3% year-over-year, contrasting with the 5-year CAGR of +11.0%. TTM revenue fell to $636M. This reverses the prior growth trend.
What is HLIT's long-term revenue growth rate?
Harmonic Inc.'s 5-year revenue CAGR of +11.0% reflects the variable expansion pattern. Current YoY growth of -27.3% is below this long-term average.
How is HLIT's revenue distributed by segment?
HLIT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.