Companies /Industrials

HEICO Corporation

NYSE: HEI-A Aerospace & Defense
$255.84
▼ $1.26 (−0.49%) today
Markets closed · 2:45am ET

Q3 2026 Earnings

Reported Aug 25, 2026, 5:13pm ET · SEC source
$1.67
Beat +10.59%
EPS · est. $1.51 GAAP
$1.4B
Beat +4.91%
Revenue · est. $1.3B
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%Aug 25Aug 26report 5:13pm ETearnings+0.0%−0.4%
−2%0+2%Aug 25Aug 26earnings+0.0%−0.4%
HEI-A −0.4%S&P 500 +0.0%
−2%0+2%Aug 25Aug 26report 5:13pm ETearnings+0.1%−0.4%
−2%0+2%Aug 25Aug 26earnings+0.1%−0.4%
HEI-A −0.4%NASDAQ +0.1%
0+2%Aug 25Aug 26report 5:13pm ETearnings+0.0%−0.4%
0+2%Aug 25Aug 26earnings+0.0%−0.4%
HEI-A −0.4%S&P 500 +0.0%
0+2%Aug 25Aug 26report 5:13pm ETearnings+0.0%−0.4%
0+2%Aug 25Aug 26earnings+0.0%−0.4%
HEI-A −0.4%NASDAQ +0.0%
−0.49%
Day of report

Did HEI-A Beat Earnings? Q3 2026 Results

HEICO Corporation delivered a standout fiscal third quarter, posting GAAP earnings of $1.67 per share on revenue of $1.41 billion, beating Wall Street's consensus EPS estimate of $1.51 by 10.59% and topping revenue expectations of $1.35 billion by 4.91%, marking the company's fifth consecutive quarter of beating consensus EPS estimates. Revenue climbed 23.1% year over year, powered by 14% consolidated organic net sales growth and acquisition contributions from both fiscal 2025 and 2026 deals. The quarter's most striking driver was the Electronic Technologies Group, where operating income surged 55% year over year as demand for defense, aerospace, and other electronics products pushed segment operating margin to 26.0% from 22.8%, while the Flight Support Group also contributed with 12% organic growth and improving margins. Operating cash flow rose 49% to $345.30 million, underscoring the strength of HEICO's earnings conversion. Looking ahead, management expects continued net sales growth at both segments, supported by ongoing product demand and recent acquisitions, while preserving financial flexibility for further strategic deals.

Key Takeaways
  • 14% consolidated organic net sales growth
  • Contributions from fiscal 2026 and 2025 acquisitions
  • Improved gross profit margin from more favorable product mix in specialty products and aftermarket replacement parts
  • SG&A expense efficiencies realized from net sales growth
  • Increased demand for other electronics, defense, and aerospace products in Electronic Technologies Group
  • Operating margin expansion to 25.1% from 23.1% year over year

“HEICO continued its excellent growth, with record quarterly net income, operating income and net sales supported by 14% consolidated organic net sales growth and contributions from our profitable fiscal 2026 and 2025 acquisitions.”

HEICO CEO, on the earnings call

Forward Guidance & Outlook

For the remainder of fiscal 2026, HEICO expects increased net sales at both the Flight Support Group and Electronic Technologies Group, supported by underlying demand for products and contributions from recent acquisitions. The company continues to forecast strong cash flow from operations for fiscal 2026 and remains focused on identifying and evaluating acquisition opportunities aligned with strategic objectives. Capital allocation continues to prioritize investments in organic growth and acquisitions while preserving adequate liquidity and financial flexibility.

HEI-A YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$400.0M$800.0M$1.2B$1.1B$1.4BRevenue$457.1M$581.0MGross Profit$265.0M$355.2MOperating Income$177.3M$235.4MNet Income
$0$400.0M$800.0M$1.2BRevenueGross ProfitOperating IncomeNet Income

HEI-A Revenue by Segment

Flight Support Group$947.8M+18.0%
Electronic Technologies Group$483.5M+36.0%

Figures from SEC filings and company reports. Not investment advice.