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Heico (HEI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 29, 2026
Heico (HEI) reported revenue of $1.4B for the second quarter fiscal 2026 (Q2 FY26), +25% from a year earlier and +17% from the quarter before. Operating margin was 25.5%, net earnings $234M (17.0% of revenue).
Heico, Q2 FY26: revenue $1.4B (+25% year over year), operating margin 25.5%, net earnings $234M, operating cash flow $292M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +17% | +25% |
| Operating profit | $350M | +35% | +41% |
| Net earnings | $234M | +23% | +49% |
| Operating cash flow | $292M | +63% | +43% |
| Free cash flow | $274M | +66% | +45% |
What changed
Revenue was $1.4B in Q2 FY26, up 25% year over year and up 17% from the previous quarter.
Operating profit was $0.35B, a 25.5% margin (up 2.9 points year over year). Of the extra revenue versus Q2 FY25, 37% reached operating profit, above the 23% margin then. Total costs grew 21% against revenue growth of 25%. Net earnings were $0.23B, up 49% year over year. The effective tax rate was 21.2%.
Operating cash flow was $0.29B (up 43% year over year), 117% of net income including minority interests. Non-cash charges added back $0.06B of depreciation and amortization. Working capital and other items used $0.01B. Capital expenditures of $0.02B left free cash flow of $0.27B.
Questions
What was Heico's revenue in the second quarter fiscal 2026?
Heico (HEI) reported revenue of $1.4B for the second quarter fiscal 2026 (Q2 FY26), +25% from a year earlier and +17% from the quarter before.
Was Heico profitable in the second quarter fiscal 2026?
Operating profit was $350M (25.5% of revenue) and net earnings $234M.
Source: Heico 10-Q on SEC EDGAR.