We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
HEICO reported Q1 EPS of $1.35, beating estimates and rising 12.5% year over year.
HEI's sales climbed 14.4% to $1.18B, fueled by strong Flight Support net sales.
Flight Support income rose 20.8%, while Electronic Technologies income fell 4.2%.
HEICO Corporation (HEI - Free Report) reported first-quarter fiscal 2026 earnings per share (EPS) of $1.35, which beat the Zacks Consensus Estimate of $1.26 by 7.1%. The bottom line also improved 12.5% from the prior-year quarter’s $1.20.
The year-over-year increase in the bottom line can be attributed to robust sales growth, higher operating income and lower interest expense compared with the prior-year quarter.
HEI’s Total Sales
The company’s net sales increased 14.4% year over year to $1.18 billion. The figure also beat the Zacks Consensus Estimate of $1.15 billion by 2.5%.
The year-over-year upside was driven by solid sales growth delivered by both its segments.
Heico Corporation Price, Consensus and EPS Surprise
HEICO’s cost of sales jumped 15.9% year over year to $723.6 million.
The company’s selling, general and administrative (SG&A) expenses rose 9.1% to $195.1 million.
Interest expenses declined 9.2% to $29.5 million from $32.5 million in the prior-year quarter.
HEI’s Segmental Performance in Q1
Flight Support Group: Net sales from this segment rose 15% year over year to $820 million. This rise was driven by strong organic growth of 12% and the impact of its fiscal 2025 acquisitions.
The segment’s operating income climbed 20.8% year over year to $200.7 million. This increase was backed by solid net sales growth, an improved gross profit margin and SG&A expense efficiencies realized from the net sales growth.
Electronic Technologies Group: The segment’s net sales jumped 12.2% to $370.7 million. This rise was driven by strong organic growth of 6% and the impact from its fiscal 2025 and 2026 acquisitions.
The segment’s operating income decreased 4.2% year over year to $73.2 million. This decline was due to a decrease in gross profit margin.
HEI’s Financial Details
As of Jan. 31, 2026, HEI’s cash and cash equivalents totaled $261 million compared with $217.8 million as of Oct. 31, 2025.
Cash flow provided by operating activities was $178.6 million during the first quarter of fiscal 2026, reflecting a decline of 12% from the prior-year period’s level.
HEICO reported a long-term debt (net of current maturities) of $2.5 billion as of Jan. 31, 2026, up from $2.16 billion as of Oct. 31, 2025.
Teledyne Technologies Inc. (TDY - Free Report) reported fourth-quarter 2025 adjusted earnings of $6.30 per share, which surpassed the Zacks Consensus Estimate of $5.83 by 8.1%. The bottom line also improved 14.1% from $5.52 recorded in the year-ago quarter.
Total sales were $1.61 billion, which beat the Zacks Consensus Estimate of $1.57 billion by 2.7%. The top line also surged 7.3% from $1.50 billion reported in the year-ago quarter.
TransDigm Group Incorporated (TDG - Free Report) reported first-quarter fiscal 2026 adjusted earnings of $8.23 per share, which topped the Zacks Consensus Estimate of $8.02 by 2.6%. The bottom line also improved 5% from the prior-year quarter’s figure of $7.83.
Sales amounted to $2.29 billion, up 14% from $2.01 billion registered in the prior-year period. The reported figure also topped the Zacks Consensus Estimate of $2.25 billion by 1.4%.
Kratos Defense & Security Solutions, Inc. (KTOS - Free Report) reported fourth-quarter 2025 adjusted earnings of 18 cents per share, which beat the Zacks Consensus Estimate of 14 cents by 28.6%. The bottom line also increased 38.5% from the year-ago quarter’s 13 cents.
Total revenues were $345.1 million, which outpaced the Zacks Consensus Estimate of $328 million by 5.1%. The figure also rose 21.9% from $283.1 million recorded in the year-ago quarter.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
HEICO Q1 Earnings Surpass Estimates, Sales Increase Y/Y
Key Takeaways
HEICO Corporation (HEI - Free Report) reported first-quarter fiscal 2026 earnings per share (EPS) of $1.35, which beat the Zacks Consensus Estimate of $1.26 by 7.1%. The bottom line also improved 12.5% from the prior-year quarter’s $1.20.
The year-over-year increase in the bottom line can be attributed to robust sales growth, higher operating income and lower interest expense compared with the prior-year quarter.
HEI’s Total Sales
The company’s net sales increased 14.4% year over year to $1.18 billion. The figure also beat the Zacks Consensus Estimate of $1.15 billion by 2.5%.
The year-over-year upside was driven by solid sales growth delivered by both its segments.
Heico Corporation Price, Consensus and EPS Surprise
Heico Corporation price-consensus-eps-surprise-chart | Heico Corporation Quote
HEICO’s Operational Update
HEICO’s cost of sales jumped 15.9% year over year to $723.6 million.
The company’s selling, general and administrative (SG&A) expenses rose 9.1% to $195.1 million.
Interest expenses declined 9.2% to $29.5 million from $32.5 million in the prior-year quarter.
HEI’s Segmental Performance in Q1
Flight Support Group: Net sales from this segment rose 15% year over year to $820 million. This rise was driven by strong organic growth of 12% and the impact of its fiscal 2025 acquisitions.
The segment’s operating income climbed 20.8% year over year to $200.7 million. This increase was backed by solid net sales growth, an improved gross profit margin and SG&A expense efficiencies realized from the net sales growth.
Electronic Technologies Group: The segment’s net sales jumped 12.2% to $370.7 million. This rise was driven by strong organic growth of 6% and the impact from its fiscal 2025 and 2026 acquisitions.
The segment’s operating income decreased 4.2% year over year to $73.2 million. This decline was due to a decrease in gross profit margin.
HEI’s Financial Details
As of Jan. 31, 2026, HEI’s cash and cash equivalents totaled $261 million compared with $217.8 million as of Oct. 31, 2025.
Cash flow provided by operating activities was $178.6 million during the first quarter of fiscal 2026, reflecting a decline of 12% from the prior-year period’s level.
HEICO reported a long-term debt (net of current maturities) of $2.5 billion as of Jan. 31, 2026, up from $2.16 billion as of Oct. 31, 2025.
HEICO’s Zacks Rank
HEICO currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense Releases
Teledyne Technologies Inc. (TDY - Free Report) reported fourth-quarter 2025 adjusted earnings of $6.30 per share, which surpassed the Zacks Consensus Estimate of $5.83 by 8.1%. The bottom line also improved 14.1% from $5.52 recorded in the year-ago quarter.
Total sales were $1.61 billion, which beat the Zacks Consensus Estimate of $1.57 billion by 2.7%. The top line also surged 7.3% from $1.50 billion reported in the year-ago quarter.
TransDigm Group Incorporated (TDG - Free Report) reported first-quarter fiscal 2026 adjusted earnings of $8.23 per share, which topped the Zacks Consensus Estimate of $8.02 by 2.6%. The bottom line also improved 5% from the prior-year quarter’s figure of $7.83.
Sales amounted to $2.29 billion, up 14% from $2.01 billion registered in the prior-year period. The reported figure also topped the Zacks Consensus Estimate of $2.25 billion by 1.4%.
Kratos Defense & Security Solutions, Inc. (KTOS - Free Report) reported fourth-quarter 2025 adjusted earnings of 18 cents per share, which beat the Zacks Consensus Estimate of 14 cents by 28.6%. The bottom line also increased 38.5% from the year-ago quarter’s 13 cents.
Total revenues were $345.1 million, which outpaced the Zacks Consensus Estimate of $328 million by 5.1%. The figure also rose 21.9% from $283.1 million recorded in the year-ago quarter.