HLIT
Harmonic Inc.
HLIT's outlook is improving, though it still trails on the overall score.
NVDA
NVIDIA Corporation
NVDA has the edge over HLIT overall, supported by stronger valuation and stronger fundamentals.
HLIT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Stable | |
| Strong |
HLIT's balance sheet is currently strong, and its cash flow is stable, but its revenue and profitability are under pressure.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
HLIT PE Valuation
HLIT has no meaningful PE right now: it lost money over the past year.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA's PE is in its cheap range at 21x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
HLIT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
HLIT has the edge over NVDA on the outlook, with more favorable profitability expectations.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
HLIT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.82 | — |
| Q3 2026 | -$0.30 | -171% |
| Q2 2026 | -$0.41 | -169% |
| Q1 2026 | -$0.36 | -180% |
| Q4 2025 | -$0.38 | -215% |
| Q3 2025 | $0.42 | -43% |
| Q2 2025 | $0.59 | +20% |
| Q1 2025 | $0.45 | -26% |
| Q4 2024 | $0.33 | -54% |
HLIT has swung to a loss: it lost $0.30 per share over the past year, after a profit the year before.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA has the edge over HLIT on earnings quality, reporting a profit while its opponent remains loss making.
HLIT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $148.8M | +4.5% |
| Q2 2026 | $133.5M | -3.3% |
| Q1 2026 | $121.7M | -8.6% |
| Q4 2025 | $98.2M | -56% |
| Q3 2025 | $142.4M | -27% |
| Q2 2025 | $138M | -0.5% |
| Q1 2025 | $133.1M | +9.1% |
| Q4 2024 | $222.2M | +33% |
HLIT's revenue has slid since its 2024 peak: $149M last quarter, up 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | +11 points |
| Q2 2026 | 18% | +15 points |
| Q1 2026 | 17% | +9.2 points |
| Q4 2025 | 3.8% | -20 points |
| Q3 2025 | 6.9% | -11 points |
| Q2 2025 | 2.8% | +14 points |
| Q1 2025 | 7.6% | +15 points |
| Q4 2024 | 24% | +18 points |
HLIT's operating margin was 18% last quarter, up 11 points from the same quarter a year ago.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over HLIT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA has the edge over HLIT on profitability, with a higher operating margin.
HLIT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $47.4M | +125% |
| Q2 2026 | -$59.6M | -$44.1M |
| Q1 2026 | $30.3M | -63% |
| Q4 2025 | $9.6M | -79% |
| Q3 2025 | $21M | +267% |
| Q2 2025 | -$15.5M | +$8.6M |
| Q1 2025 | $81.7M | +228% |
| Q4 2024 | $46.2M | +1204% |
HLIT still generates free cash flow, though less than at its 2025 peak: $28M over the past year.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA has the edge over HLIT on cash flow, with more consistent year-over-year improvement.
HLIT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +577K shares |
| 1 year | -2.7% | -3.1M shares |
| 3 years | -1.6% | -1.8M shares |
| 5 years | +3.6% | +3.8M shares |
| Available history | +13% | +12.8M shares |
HLIT has the edge over NVDA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3.6M |
| Q2 2026 | $1,000 |
| Q1 2026 | $43M |
| Q4 2025 | $13.3M |
| Q3 2025 | $15.7M |
| Q2 2025 | $14M |
| Q1 2025 | $36.1M |
| Q4 2024 | — |
HLIT spent $60M buying back its own shares over the past year, down 9% from the year before.
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has 24.3B diluted shares, down 1% from a year ago, with $55.3B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
HLIT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.3x | Net Cash |
| Q2 2026 | -1.8x | Net Cash |
| Q1 2026 | 0.1x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | 0.1x | Very low |
HLIT has the edge over NVDA on leverage, with a lower net debt burden relative to earnings.
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
HLIT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.4 | Neutral |
| Stochastic | 13.5 | Oversold |
HLIT's weekly RSI is 44 (neutral) and its Stochastic is 14 (oversold).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
HLIT PE vs Technology Sector
| Metric | HLIT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
HLIT has no meaningful PE right now: it lost money over the past year.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA is trading at 21x earnings, a 25% discount to the Technology sector's median of 28x.
HLIT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.5 | 0.5% below |
| 20 week MA | $11.6 | 9.8% below |
| 50 week MA | $11.3 | 7.6% below |
| 100 week MA | $10.7 | 1.9% below |
| 200 week MA | $11.8 | 11% below |
HLIT is in a downtrend: it's below all five of its weekly moving averages, and 11% below its 200-week average.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA has the edge over HLIT on trend strength, trading above more of its moving averages.
HLIT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.64 | $7.19 | -5.9% |
| 2021 | $7.19 | $11.7 | +63% |
| 2022 | $11.7 | $13.0 | +11% |
| 2023 | $13.0 | $13.0 | +0.3% |
| 2024 | $13.0 | $13.5 | +3.1% |
| 2025 | $13.5 | $9.96 | -26% |
| 2026 YTD | $9.96 | $10.5 | +5.1% |
HLIT has the edge over NVDA on returns for 2026, with the stronger performance.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA's yearly returns have swung widely, from +226% in 2023 to −49% in 2022. It's down 13% so far in 2026.