Filing Flows › Heico (HEI) › Q2 FY26 › vs Q1 FY26
Heico (HEI) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Heico's revenue rose $197M (+17%) from $1.2B in Q1 FY26 to $1.4B in Q2 FY26. Operating margin 25.5% against 22.1% (+3.4 pts).
Heico, Q2 FY26: revenue $1.4B (+25% year over year), operating margin 25.5%, net earnings $234M, operating cash flow $292M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Operating margin | 25.5% | 22.1% | +3.4 pts |
| Net margin | 17.0% | 16.1% | +0.9 pts |
| Free cash flow margin | 19.9% | 14.0% | +5.9 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.4B | $1.2B | $197M | +17% |
| Operating profit | $350M | $260M | $90.5M | +35% |
| Costs & expenses | $1.0B | $919M | $107M | +12% |
| Pre-tax earnings | $318M | $231M | $86.1M | +37% |
| Other expense, net | $32.9M | $28.4M | $4.5M | +16% |
| Net earnings | $234M | $190M | $43.6M | +23% |
| Minority interests | $16.5M | $14.6M | $2.0M | +13% |
| Income tax | $67.2M | $26.7M | $40.5M | +152% |
| Depreciation & amortization | $56.6M | $51.0M | $5.6M | +11% |
| Working capital & other | $1.5M | −$62.6M | $64.1M | — |
| Operating cash flow | $292M | $179M | $113M | +63% |
| Free cash flow (OCF − capex) | $274M | $165M | $109M | +66% |
| Capital expenditures | $18.1M | $13.5M | $4.6M | +34% |
Questions
How much did Heico's revenue grow quarter over quarter in Q2 FY26?
Heico's revenue rose $197M (+17%) from $1.2B in Q1 FY26 to $1.4B in Q2 FY26. Operating margin 25.5% against 22.1% (+3.4 pts).