Harman is a company that designs and engineers connected products and solutions for automakers, consumers, and enterprises. It operates through four segments: Connected Car, Lifestyle Audio, Professional Solutions, and Connected Services. Harman's products include built-in infotainment, communication, and safety solutions for automakers, such as advanced displays, digital cockpit platforms, car audio systems, professional and consumer audio, lighting, and video solutions, including loudspeakers, microphones, headphones, amplifiers, digital signal processors, etc. It also offers digital marketing, automotive cybersecurity, digital transformation, cloud infrastructure, product engineering, IoT security management, and other software services and solutions.

Employee Rating

3.8More
TypeSubsidiary
Parent CompanySamsung Electronics
HQStamford, CT, US
Founded1980
Websiteharman.com
Cybersecurity ratingBMore
Harman was founded in 1980 and is headquartered in Stamford, CT, US

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Key People/Management at Harman

Michael Mauser

Michael Mauser

President and Chief Executive Officer, Director
Young Sohn

Young Sohn

Chairman
Mark Hartje

Mark Hartje

Chief Financial Officer
Kelei Shen

Kelei Shen

Chief Technology Officer
Nick Parrotta

Nick Parrotta

Chief Digital and Information Officer
Ralph Santana

Ralph Santana

Chief Marketing Officer
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Harman Office Locations

Harman has offices in Stamford, Bedminster, Bellevue, Cheney and in 76 other locations
Stamford, CT, US (HQ)
400 Atlantic St
Bedminster, NJ, US
135 US-202 1st Floor
Bellevue, WA, US
2002 156th Ave NE 2nd floor, Building H
Cheney, WA, US
2416 Cheney Spokane Rd #2426
Fairfield, NJ, US
4-6 Just Rd
Farmington Hills, MI, US
26542 Haggerty Rd
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Harman Financials and Metrics

Summary Metrics

Founding Date

1980

Investors

Harman is a subsidiary of Samsung Electronics

Harman Revenue

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Harman's revenue was reported to be $6.91 b in FY, 2016 which is a 12.3% increase from the previous period.
USDFY, 2014FY, 2015FY, 2016

Revenue

5.3b6.2b6.9b

Revenue growth, %

15%12%

Cost of goods sold

3.9b4.3b4.8b

Gross profit

1.5b1.8b2.1b
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

581.3m649.5m602.3m

Accounts Receivable

894.6m1.0b1.1b

Inventories

662.1m693.6m706.1m

Current Assets

2.5b2.9b2.9b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

397.8m510.3m592.4m402.2m437.5m360.4m511.7m683.4m

Accounts Receivable

907.0m908.2m952.7m1.0b1.0b1.1b1.2b1.2b

Inventories

745.7m724.2m726.4m846.3m875.4m840.2m831.9m787.6m

Current Assets

2.4b2.5b2.7b2.9b2.9b2.8b3.0b3.3b
USDFY, 2014FY, 2015FY, 2016

Net Income

234.6m343.0m362.5m

Depreciation and Amortization

132.3m169.2m224.0m

Inventories

(67.4m)(89.2m)(15.2m)

Accounts Payable

148.0m273.6m(44.7m)
USDFY, 2014

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.3 x
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Harman Operating Metrics

FY, 2014FY, 2015FY, 2016

Backlog

$30.7 m$79.6 m$197.5 m

Patent Applications

2.01 k2.21 k2.49 k

Patents Issued

3.64 k3.46 k3.67 k

Trademarks

2.2 k2.28 k2.42 k
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Harman Acquisitions / Subsidiaries

Company NameDateDeal Size
Symphony Teleca CorporationJanuary 22, 2015$780 m
S1nnDecember 18, 2014
YurbudsJune 18, 2014
AMXMay 21, 2014$365 m
3dB ResearchFebruary 18, 2011
AhaSeptember 15, 2010
Aha MobileSeptember 15, 2010
PhatNoiseAugust 23, 2005
Aditi Technologies Europe GmbH
Aditi Technologies Private Limited
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Harman Revenue Breakdown

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Harman revenue breakdown by business segment: 14.6% from Professional Solutions, 44.6% from Connected Car, 30.8% from Lifestyle Audio, 10.0% from Connected Services and 0.0% from Other

Human Capital Metrics

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Harman Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Harman Online and Social Media Presence

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Harman News and Updates

Austere and Harman Partner to Provide Flawless Performance in Home Theater Audio

PORTLAND, Ore., June 8, 2021 /PRNewswire/ -- In an effort to provide customers the best experience possible, Austere and Harman, are partnering to provide a seamless home audio experience by pairing Austere home theater cables with Harman's various brands of audio products to ensure the...

Texas Capital Bancshares, Inc. Appoints Julia Harman as Head of Corporate Banking

DALLAS, April 07, 2021 (GLOBE NEWSWIRE) -- Texas Capital Bank, N.A., and its parent company Texas Capital Bancshares, Inc. (NASDAQ: TCBI), collectively referred to herein as “Texas Capital Bank,” today announced that Julia Harman has been appointed to the newly created position of Head of Corporat…

Harman, Continental, and Bosch Lead in ABI Research's Connected Automotive Infotainment Competitive Ranking

Harman, Continental, and Bosch lead the way in connected infotainment systems, a segment that generated U$32 billion in revenues in 2019, finds global tech advisory firm ABI Research

Harman’s New Citation MutiBeam 700 Is A Feature-Packed Soundbar That Oozes Quality

Soundbars have received a bit of a bad rap from home cinema enthusiasts who are the kind of people who like to brag about their 11.2 surround sound systems and how they have the latest Dolby Atmos speakers enabling them to appreciate war movies and have the realistic sound of jet fighters flying ove…

JBL® Adds Two New True Wireless Headphones To The TUNE Series, Designed For All-Day, Comfortable Wear

JBL proudly introduces the newest additions to its TUNE Series lineup: the JBL TUNE 115TWS and JBL TUNE 215TWS. These stylish, true wireless, in-ear headphones provide freedom from wires getting in the way, and deliver JBL Pure Bass Sound, Voice Assistant control, plus the flexiblility of Dual Conne…

Harman Kardon introduces Citation streaming Amp

Move over Sonos with your Port, Harman Kardon wants to talk to home installers and minimalists about their new streaming amplifier. The Citation Amp measures a tidy 215mm x 230mm x 75mm and houses the Cambridge company’s ‘Digital Loop Amplifier technology, which promises to correct for “the natural…
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Harman Blogs

Music Comes To Life at HARMAN Live Arena 2019

HARMAN Professional Solutions delighted scores of music fans in India with yet another successful edition of HARMAN Live Arena at The Palm Expo- country’s foremost exhibition of Professional Audio Products. A roster of incredible musicians rocked the stage for three days, powered by HARMAN’s legenda…

The Story Behind the Music: Q&A with HARMAN Ambassador DJ Ashba

On Make Music Day 2019, people across the globe will pick up an instrument to celebrate the joy of making music – including some for the very first time! It’s an indescribable feeling and one that you must experience for yourself. Known for his work with Guns N’ Roses, Beautiful Creatures, Mötley Cr…
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Harman Frequently Asked Questions

  • When was Harman founded?

    Harman was founded in 1980.

  • Who are Harman key executives?

    Harman's key executives are Michael Mauser, Young Sohn and Mark Hartje.

  • How many employees does Harman have?

    Harman has 20,891 employees.

  • What is Harman revenue?

    Latest Harman annual revenue is $6.9 b.

  • What is Harman revenue per employee?

    Latest Harman revenue per employee is $330.8 k.

  • Who are Harman competitors?

    Competitors of Harman include Pioneer Corporation, Sonos and Sony.

  • Where is Harman headquarters?

    Harman headquarters is located at 400 Atlantic St, Stamford.

  • Where are Harman offices?

    Harman has offices in Stamford, Bedminster, Bellevue, Cheney and in 76 other locations.

  • How many offices does Harman have?

    Harman has 89 offices.