Filing Flows › Hawaiian Electric Industries (HE) › Q2 2026
Hawaiian Electric Industries (HE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Hawaiian Electric Industries (HE) reported revenue of $940M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +26% from the quarter before. Operating margin was 21.7%, net earnings $123M (13.1% of revenue).
Hawaiian Electric Industries, Q2 2026: revenue $940M (+26% year over year), operating margin 21.7%, net earnings $123M, operating cash flow −$411M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $940M | +26% | +26% |
| Operating profit | $204M | +283% | +280% |
| Net earnings | $123M | +305% | +364% |
| Operating cash flow | −$411M | -774% | -405% |
What changed
Revenue was $939.7M in Q2 2026, up 26% year over year and up 26% from the previous quarter. Electric energy sales - large light and power was the largest line at 36% of revenue. Electric energy sales - large light and power added $81.3M year over year (up 31%), 42% of the total change.
Operating profit was $204.2M, a 21.7% margin (up 14.5 points year over year). Of the extra revenue versus Q2 2025, 78% reached operating profit, above the 7% margin then. Total costs grew 6% against revenue growth of 26%. Net earnings were $123.2M, up 364% year over year. The effective tax rate was 25.2%.
Operating cash flow was −$411.4M. Non-cash charges added back $75.4M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $612.6M. Capital expenditures of $138.6M exceeded it, leaving free cash flow of −$550.0M.
Questions
What was Hawaiian Electric Industries' revenue in the second quarter 2026?
Hawaiian Electric Industries (HE) reported revenue of $940M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +26% from the quarter before.
Was Hawaiian Electric Industries profitable in the second quarter 2026?
Operating profit was $204M (21.7% of revenue) and net earnings $123M.