Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when HEI files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsHEICO reports record Q2 FY2026: net income up 49%, operating income up 41%, sales up 25%
Filed May 27, 2026 · Period ending May 27, 2026 · ~1 min read
Key Changes
-
high
Net income rose 49% to $233.8M ($1.66/share) on 25% sales growth to $1,375.7M and 41% operating income growth to $350.4M; 18% organic sales growth with operating margin expanding to 25.5% from 22.6%.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
high
Flight Support Group sales up 21% to $929.4M (19% organic) with operating income up 31% to $243.1M; margin improved to 26.2% from 24.1% on favorable product mix and aftermarket volumes.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
high
Electronic Technologies Group sales up 34% to $459.5M (17% organic) with operating income up 56% to $121.8M; margin improved to 26.5% from 22.8% on higher volumes and aerospace product mix.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
medium
Operating cash flow rose 43% to $292.0M; leverage ratios increased modestly (net debt/EBITDA to 1.74x from 1.60x) following four acquisitions in H1 FY2026, with liquidity maintained for continued M&A.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
medium
Management expects continued sales growth at both segments for remainder of FY2026 from underlying demand and recent acquisitions, with ongoing evaluation of strategic acquisition opportunities.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
Summary
HEICO delivered exceptional second-quarter fiscal 2026 results, with net income up 49% to a record $233.8 million ($1.66 per diluted share) on 25% sales growth to $1,375.7 million and 41% operating income growth to $350.4 million. The company achieved 18% consolidated organic sales growth, with both operating segments posting strong double-digit organic gains and expanding margins. The Flight Support Group grew sales 21% to $929.4 million (19% organic) with operating margin improving to 26.2%, while the Electronic Technologies Group grew sales 34% to $459.5 million (17% organic) with operating margin expanding to 26.5%.
Operating cash flow rose 43% to $292.0 million, and the company completed four acquisitions in the first half of fiscal 2026, driving modest leverage increases (net debt to EBITDA rose to 1.74x from 1.60x at fiscal year-end). Management expects continued sales growth at both segments for the remainder of fiscal 2026 from underlying product demand and recent acquisitions, while maintaining financial flexibility for additional strategic M&A. The results demonstrate HEICO's ability to drive organic growth across its aerospace and defense product portfolio while successfully integrating acquisitions and expanding profitability.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
HEICO announced Q2 and H1 FY2026 financial results via press release.
Added in current filing · verify on EDGAR →
On May 27, 2026, HEICO Corporation (the "Company") issued a press release announcing its results of operations for the three and six months ended April 30, 2026.
HEICO disclosed its financial results for the second quarter and first half of fiscal year 2026 (three and six months ended April 30, 2026) through a press release. The actual financial metrics are contained in the attached press release exhibit, which is furnished but not filed with the SEC.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Cash flow provided by operating activities increased 43% to $292.0 million in the second quarter of fiscal 2026, up from $204.7 million in the second quarter of fiscal 2025. ... Our total debt to net income attributable to HEICO ratio was 3.28x as of April 30, 2026, as compared to 3.14x as of October 31, 2025. Our net debt to EBITDA ratio was 1.74x as of April 30, 2026, as compared to 1.60x as of October 31, 2025.
Operating cash flow rose 43% to $292.0 million in Q2 FY2026, with management forecasting strong cash flow for the full fiscal year. Leverage ratios increased modestly due to four acquisitions completed in the first half of fiscal 2026 (two by Flight Support, two by Electronic Technologies): total debt to net income rose to 3.28x from 3.14x, and net debt to EBITDA rose to 1.74x from 1.60x. The company maintains liquidity and financial flexibility for continued acquisition activity.
Added in current filing · view on EDGAR →
For the remainder of fiscal 2026, we expect increased net sales at both the Flight Support Group and Electronic Technologies Group supported by underlying demand for our products and contributions from recent acquisitions. We intend to continue evaluating acquisition opportunities that are consistent with our strategic objectives. Our capital allocation approach remains opportunistic, focused on balancing organic growth with accretive acquisitions while maintaining liquidity and financial flexibility.
Management expects continued net sales growth at both operating segments for the remainder of fiscal 2026, driven by underlying product demand and recent acquisitions. The company will continue pursuing strategic acquisitions while maintaining an opportunistic capital allocation approach that balances organic growth with accretive M&A and preserves liquidity and financial flexibility.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 15, 2026 · How we verify