Latest quarter
HEICO reported Q3 FY2026 revenue of $1.4 billion, up 23.1% from $1.1 billion a year earlier. Diluted earnings per share rose to $1.67 from $1.26.
The filing says sales grew in both the Flight Support Group and the Electronic Technologies Group, with organic growth and acquisitions contributing to each. In Flight Support, demand increased for aftermarket replacement parts, specialty products, and repair and overhaul parts and services. In Electronic Technologies, the filing attributes organic growth mainly to demand for other electronics, defense and aerospace products.
HEICO reported a gross margin of 41.1%, up from 39.8%. The filing attributes the improvement partly to a more favorable product mix in Flight Support and higher aerospace sales in Electronic Technologies. Operating margin rose to 25.1% from 23.1%; the filing cites lower selling, general and administrative expenses as a share of sales among the factors. HEICO reported free cash flow of $322.8 million, compared with $218.5 million a year earlier.
| Q3 FY2026 | Q3 FY2025 | Change | |
|---|---|---|---|
| Revenue | $1.4 billion | $1.1 billion | 23.1% |
| Diluted EPS | $1.67 | $1.26 | 32.5% |
| Gross margin | 41.1% | 39.8% | 1.3 percentage points |
| Operating margin | 25.1% | 23.1% | 2.0 percentage points |
| Free cash flow | $322.8 million | $218.5 million | 47.7% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $1.35 | $1.43 | Missed by 5.59% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
The latest earnings call is not available, so its discussion cannot be reported.
Guidance
For the remainder of fiscal 2026, HEICO expects increased sales at both Flight Support and Electronic Technologies, supported by demand and recent acquisitions. The company also forecasts operating cash flow for fiscal 2026. Its filing says capital allocation will continue to prioritize organic growth and acquisitions while preserving liquidity and financial flexibility.
| Metric | For | Guide | Previous guide | Change |
|---|---|---|---|---|
| Operating cash flow | FY2026 | HEICO expects strong operating cash flow for fiscal 2026. | — | — |