HEICO Q2 FY26: Revenue +25.3%, Operating Income +41% on Accelerating Organic Growth

Filed May 29, 2026 · Period ending April 30, 2026 · Compared to 10-Q May 29, 2025 · ~2 min read

Key Changes

• high

  Q2 FY26 consolidated net sales reached $1,375.7M (+25.3% YoY), with operating income up 41% to $350.4M. Operating margin expanded to 25.5% from 22.6%, driven by gross margin improvement (+150 bp to 41.4%) and SG&A leverage.

  MD&A: Q2 Results verify on EDGAR →
• high

  Organic growth accelerated sharply: FSG +19% (vs +14% prior year) and ETG +17% (vs +4% prior year). ETG's operating margin recovered to 26.5% from 22.8%, reversing the prior-year decline.

  MD&A: Segment Performance verify on EDGAR →
• high

  Four acquisitions completed in H1 FY26 (Rockmart, Ethos, Sherwood, SWA) added $542M goodwill and $321M intangibles. Acquisition spending surged to $821M from $286M prior year, funded by revolving credit facility ($420M net borrowings).

  Notes: Acquisitions & Debt verify on EDGAR →