HEICO CORP Earnings Summary — Q2 2026

• HEICO achieved a milestone revenue of $1.376 billion in Q2 2026, marking a 25.3% year-over-year increase.
• Net income attributable to common shareholders surged 49.1% YoY to $233.8 million, significantly outpacing revenue growth.
• Operating margins expanded to 25.47% in the current quarter, up from 22.23% in the prior quarter and 22.60% in Q2 2025.
• Gross profit rose to $569.53 million, a substantial jump from $454.96 million in Q1 2026, reflecting strong pricing power and cost management.
• The 25.3% revenue growth represents a significant acceleration compared to the sub-20% growth rates seen in the prior four quarters.
• Interest expense remained relatively stable at $34.16 million despite the high-growth trajectory and M&A activity.
• Selling, General & Administrative expenses increased to $219.09 million but were well-leveraged against the larger revenue base.

Management emphasizes a multi-decade horizon strategy focused on the PMA market, offering airlines high-quality alternatives to expensive OEM parts while maintaining a defensible niche.

Improving

Revenue and profit growth significantly accelerated this quarter compared to the trend in late 2025 and early 2026, with margin expansion providing a clear positive catalyst.

The outlook remains robust as HEICO continues to scale via its 'parts-distributor-manufacturer' model and the successful integration of strategic acquisitions like Wencor. The shift into the Electronic Technologies Group provides a diversified growth lever beyond commercial aviation.