Filing Flows › Hawaiian Electric Industries (HE) › Q2 2026 › vs Q2 2025
Hawaiian Electric Industries (HE) Q2 2026 vs Q2 2025 (year over year)
Hawaiian Electric Industries's revenue rose $193M (+26%) from $746M in Q2 2025 to $940M in Q2 2026. The biggest changes: Electric energy sales - large light and power +$81.3M (+31%); Electric energy sales - residential +$53.7M (+23%); Electric energy sales - commercial +$51.9M (+22%). Operating margin 21.7% against 7.2% (+14.5 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 21.7% | 7.2% | +14.5 pts |
| Net margin | 13.1% | 3.6% | +9.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Electric energy sales - large light and power | $342M | $261M | $81.3M | +31% |
| Electric energy sales - commercial | $289M | $237M | $51.9M | +22% |
| Electric energy sales - residential | $287M | $233M | $53.7M | +23% |
| Electric energy sales - other | $5.1M | $4.2M | $866K | +21% |
| Other revenues | $17.0M | $11.4M | $5.6M | +49% |
| Revenue | $940M | $746M | $193M | +26% |
| Operating profit | $204M | $53.7M | $150M | +280% |
| Costs & expenses | $735M | $693M | $42.8M | +6% |
| Pre-tax earnings | $165M | $40.0M | $125M | +312% |
| Other expense, net | $39.6M | $13.8M | $25.8M | +187% |
| Net earnings | $123M | $26.6M | $96.6M | +364% |
| Income tax | $41.5M | $13.4M | $28.0M | +209% |
| Operating cash sources | $613M | −$29.3M | $642M | — |
| Depreciation & amortization | $75.4M | $76.1M | −$739K | -1% |
| Share-based compensation | $2.6M | $2.8M | −$167K | -6% |
| Cash used in operations | $411M | −$135M | $546M | — |
| Working capital & other | $613M | −$29.3M | $642M | — |
Questions
How much did Hawaiian Electric Industries's revenue grow year over year in Q2 2026?
Hawaiian Electric Industries's revenue rose $193M (+26%) from $746M in Q2 2025 to $940M in Q2 2026.
What drove Hawaiian Electric Industries's revenue change in Q2 2026?
Electric energy sales - large light and power +$81.3M (+31%); Electric energy sales - residential +$53.7M (+23%); Electric energy sales - commercial +$51.9M (+22%).