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Heico (HEI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 27, 2026
Heico (HEI) reported revenue of $1.2B for the first quarter fiscal 2026 (Q1 FY26), +14% from a year earlier and -3% from the quarter before. Operating margin was 22.1%, net earnings $190M (16.1% of revenue).
Heico, Q1 FY26: revenue $1.2B (+14% year over year), operating margin 22.1%, net earnings $190M, operating cash flow $179M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -3% | +14% |
| Operating profit | $260M | -7% | +15% |
| Net earnings | $190M | +1% | +13% |
| Operating cash flow | $179M | -40% | -12% |
| Free cash flow | $165M | -39% | -11% |
What changed
Revenue was $1.2B in Q1 FY26, up 14% year over year and down 3% from the previous quarter. Flight Support Group was the largest line at 70% of revenue. Flight Support Group added $0.11B year over year (up 15%), 72% of the total change.
Operating profit was $0.26B, a 22.1% margin (unchanged year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 22% margin then. Total costs grew 14% against revenue growth of 14%. Net earnings were $0.19B, up 13% year over year. The effective tax rate was 11.5%.
Operating cash flow was $0.18B (down 12% year over year), 87% of net income including minority interests. Non-cash charges added back $0.05B of depreciation and amortization. Working capital and other items used $0.08B. Capital expenditures of $0.01B left free cash flow of $0.17B.
Questions
What was Heico's revenue in the first quarter fiscal 2026?
Heico (HEI) reported revenue of $1.2B for the first quarter fiscal 2026 (Q1 FY26), +14% from a year earlier and -3% from the quarter before.
Was Heico profitable in the first quarter fiscal 2026?
Operating profit was $260M (22.1% of revenue) and net earnings $190M.
Source: Heico 10-Q on SEC EDGAR.