Filing Flows › Hawaiian Electric Industries (HE) › Q2 2026 › vs Q1 2026
Hawaiian Electric Industries (HE) Q2 2026 vs Q1 2026 (quarter over quarter)
Hawaiian Electric Industries's revenue rose $193M (+26%) from $746M in Q1 2026 to $940M in Q2 2026. The biggest changes: Electric energy sales - large light and power +$87.2M (+34%); Electric energy sales - commercial +$66.2M (+30%); Electric energy sales - residential +$48.9M (+21%). Operating margin 21.7% against 7.2% (+14.6 pts).
Hawaiian Electric Industries, Q2 2026: revenue $940M (+26% year over year), operating margin 21.7%, net earnings $123M, operating cash flow −$411M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 21.7% | 7.2% | +14.6 pts |
| Net margin | 13.1% | 4.1% | +9.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Electric energy sales - large light and power | $342M | $255M | $87.2M | +34% |
| Electric energy sales - commercial | $289M | $223M | $66.2M | +30% |
| Electric energy sales - residential | $287M | $238M | $48.9M | +21% |
| Electric energy sales - other | $5.1M | $4.8M | $288K | +6% |
| Other revenues | $17.0M | $26.3M | −$9.3M | -35% |
| Revenue | $940M | $746M | $193M | +26% |
| Operating profit | $204M | $53.4M | $151M | +283% |
| Costs & expenses | $735M | $693M | $42.4M | +6% |
| Pre-tax earnings | $165M | $38.6M | $126M | +327% |
| Other expense, net | $39.6M | $14.8M | $24.8M | +168% |
| Net earnings | $123M | $30.4M | $92.8M | +305% |
| Income tax | $41.5M | $8.1M | $33.3M | +409% |
| Operating cash sources | $613M | $46.1M | $567M | 13× |
| Depreciation & amortization | $75.4M | $75.4M | −$81K | -0.1% |
| Share-based compensation | $2.6M | $1.2M | $1.4M | +117% |
| Cash used in operations | $411M | −$61.0M | $472M | — |
| Working capital & other | $613M | $46.1M | $567M | 13× |
Questions
How much did Hawaiian Electric Industries's revenue grow quarter over quarter in Q2 2026?
Hawaiian Electric Industries's revenue rose $193M (+26%) from $746M in Q1 2026 to $940M in Q2 2026.
What drove Hawaiian Electric Industries's revenue change in Q2 2026?
Electric energy sales - large light and power +$87.2M (+34%); Electric energy sales - commercial +$66.2M (+30%); Electric energy sales - residential +$48.9M (+21%).