Filing Flows › Helios Technologies (HLIO) › Q1 2026
Helios Technologies (HLIO) Q1 2026 earnings results (first quarter 2026)
10-K filed Mar 3, 2026
Helios Technologies (HLIO) reported revenue of $211M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -4% from the quarter before. Operating margin was 12.2%, net earnings $19.5M (9.3% of revenue).
Helios Technologies, Q1 2026: revenue $211M (+17% year over year), operating margin 12.2%, net earnings $19.5M, operating cash flow $46.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | -4% | +17% |
| Gross profit | $70.9M | -3% | +31% |
| Operating profit | $25.7M | 20× | +93% |
| Net earnings | $19.5M | +89% | +306% |
| Operating cash flow | $46.0M | +82% | +29% |
| Free cash flow | $40.5M | +118% | +43% |
What changed
Revenue was $210.8M in Q1 2026, up 17% year over year and down 4% from the previous quarter.
Gross margin was 33.6%, up 3.6 points from a year earlier. Operating profit was $25.7M, a 12.2% margin (up 4.8 points year over year). Of the extra revenue versus a year earlier, 40% reached operating profit, above the 7% margin then. Operating expenses grew 11% against revenue growth of 17%. The fastest-growing cost line was SG&A (+15%). Net earnings were $19.5M, up 306% year over year. The effective tax rate was 22.6%.
Operating cash flow was $46.0M (up 29% year over year), 236% of net earnings. Non-cash charges added back $15.2M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $10.0M. Capital expenditures of $5.5M left free cash flow of $40.5M.
Questions
What was Helios Technologies' revenue in the first quarter 2026?
Helios Technologies (HLIO) reported revenue of $211M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -4% from the quarter before.
Was Helios Technologies profitable in the first quarter 2026?
Operating profit was $25.7M (12.2% of revenue) and net earnings $19.5M.