A system and method optimizes hardware description generated from a graphical program or model automatically. The system may include a streaming optimizer, a resource sharing optimizer and a delay balancing engine. The streaming optimizer transforms one or more vector data paths in the source model to scalar data paths or to a smaller-sized vector data paths. The resource sharing optimizer may replace multiple blocks of the source model that are functionally equivalent with a single shared block. The streaming and resource sharing optimizers may also configure portions of the modified model to execute at a faster rate. The delay balancing engine may examine the modified model to determine whether any delays or latencies have been introduced. If so, the delay balancing engine may insert one or more blocks into the modified model to correct for any data path misalignment caused by the introduction of the delays or latencies. A validation model, a report, or hardware description code that utilizes fewer hardware resources may be generated from the modified model.