Jul 2026 (Q3 FY26) — Aug 26, 2026
HEICO Q3 FY26 — Record Sales, Operating Income, and Net Income Driven by Strong Organic Growth
Read the full callHEICO (HEI) earnings
- Jul 2026
- Jul 2026 (Q3 FY26)
- Oct 2025
HEICO earnings: last reported Wed, 26 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,413 | +23.1% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 25.1 | +2.1 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 235 | +32.8% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
3 of 3 judged targets kept · 10 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FSG operating margin (GAAP) | 23.5% to 24.5% GAAP operating margin range for FY26 | Oct 2025 | my thinking right now is probably 24% to 26% is that those two end posts that I think will float between. | Revised Up |
| ETG operating margin (GAAP) | 22% to 24% GAAP operating margin for all of FY26 | Apr 2026 | We continue to expect overall GAAP operating margins between 22% and 24% for all of fiscal '26 and based on the group's current composition of companies. | New |
10 of HEICO CORP's 13 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 11 more targets are in the full ledger.
Claimed
- Consolidated net income increased 33% to a record $235.4 million.
- Consolidated operating income increased 34% to a record $355.2 million.
- Consolidated net sales increased 23% to a record $1,413.1 million.
- Consolidated EBITDA increased 31% to $415.2 million.
- Operating cash flow increased 49% to $345.3 million.
Qualified
- Supply chain bottlenecks remain consistent, impacting component repair revenues and causing lead time extensions and increased costs for parts and raw materials.
Price
$308.17 −0.55% · −$1.7
Performance +0.4% 1Y
1Y: $306.99 on 17 Oct 2025 → $308.17. High $374.67 (14 Aug 2026), low $260.99 (29 Apr 2026).
- Previous close
- $309.87
- 52-week range
- $260.99 – $374.67
- One year
- −1.55%
Overview
- Symbol
- HEI
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
3 of 3 judged targets kept · 10 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FSG operating margin (GAAP) | 23.5% to 24.5% GAAP operating margin range for FY26 | Oct 2025 | my thinking right now is probably 24% to 26% is that those two end posts that I think will float between. | Revised Up |
| ETG operating margin (GAAP) | 22% to 24% GAAP operating margin for all of FY26 | Apr 2026 | We continue to expect overall GAAP operating margins between 22% and 24% for all of fiscal '26 and based on the group's current composition of companies. | New |
Claimed
- Consolidated net income increased 33% to a record $235.4 million.
- Consolidated operating income increased 34% to a record $355.2 million.
- Consolidated net sales increased 23% to a record $1,413.1 million.
- Consolidated EBITDA increased 31% to $415.2 million.
- Operating cash flow increased 49% to $345.3 million.
Qualified
- Supply chain bottlenecks remain consistent, impacting component repair revenues and causing lead time extensions and increased costs for parts and raw materials.
The full ledger
Open HEICO CORP’s full ledger
A free account opens 5 company ledgers a month. All 13 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q2 FY26) — May 28, 2026
HEICO Q2 FY26 — Record Results Driven by Strong Organic Growth and Acquisitions
Read the full callJan 2026 (Q1 FY26) — Feb 26, 2026
HEICO Q1 FY26 — Record Net Income and Strong Organic Growth
Read the full callEvery analysed call
HEICO earnings calls (HEI)
Financials
What the filings say
Net profit, year on year: +33% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,014 | 1,030 | 1,098 | 1,148 | 1,209 | 1,179 | 1,376 | 1,413 |
| Expenses | 795 | 803 | 850 | 883 | 930 | 919 | 1,025 | 1,058 |
| Operating profit | 219 | 227 | 248 | 265 | 279 | 260 | 350 | 355 |
| Operating margin | 21.6% | 22.0% | 22.6% | 23.1% | 23.1% | 22.1% | 25.5% | 25.1% |
| Profit before tax | 184 | 195 | 216 | 235 | 247 | 231 | 318 | 321 |
| Tax rate | 17.9% | 7.0% | 21.0% | 18.9% | 18.0% | 11.5% | 21.2% | 20.6% |
| Net profit | 140 | 168 | 157 | 177 | 188 | 190 | 234 | 235 |
| EPS ($ per share) | — | 1.21 | 1.13 | 1.27 | — | 1.36 | 1.68 | 1.69 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | — | — | — | — | — |
| Reserves | 1,091 | 1,397 | 1,688 | 1,950 | 2,254 | 2,606 | 3,062 | 3,648 |
| Total liabilities | 1,018 | 1,086 | 1,316 | 949 | 1,120 | 3,637 | 3,529 | 3,654 |
| Fixed assets | 155 | 173 | 169 | 194 | 226 | 322 | 339 | 432 |
| Total assets | 2,653 | 2,969 | 3,548 | 3,498 | 4,095 | 7,195 | 7,593 | 8,500 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 328 | 437 | 409 | 444 | 468 | 449 | 672 | 934 |
| Cash from investing | -114 | -281 | -199 | -183 | -396 | -2,484 | -293 | -732 |
| Cash from financing | -208 | -160 | 138 | -559 | -34 | 2,065 | -389 | -151 |
| Net cash flow | 8 | -3 | 350 | -299 | 31 | 32 | -9 | 56 |
| Capital expenditure | -42 | -29 | -23 | -36 | -32 | -49 | -58 | -73 |
| Free cash flow | 287 | 408 | 386 | 408 | 436 | 399 | 614 | 861 |
HEI revenue by segment
Electronic Technologies Group grew from 32% to 34% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Flight Support Group | 69% | 69% | 70% | 70% | 69% | 70% | 68% | 67% | +18.1% |
| Electronic Technologies Group | 32% | 32% | 31% | 31% | 32% | 31% | 33% | 34% | +35.9% |
| Intersegment Net Sales | — | — | — | — | — | — | — | -1% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
28 filings between Oct 21, 2025 and Oct 8, 2026.
Open market
decisions to buy or sellPurchases
$2.50M
10 purchases by 8 insiders
Sales
$471.1K
2 sales by 2 insiders
Compensation
not trading decisions- 6
- Option exercise — converted options into shares
- 6
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| CHERUVATATH NANDAKUMAR | $1.18M | — | Oct 8, 2026 |
| Neitzel Julie | $174.6K | $150.7K | Oct 8, 2026 |
| Rowen Bradley K | — | $320.4K | Jun 10, 2026 |
| Hildebrandt Mark H | $274.6K | — | Oct 8, 2026 |
| CULLIGAN THOMAS M | $175.1K | — | Oct 8, 2026 |
| MENDELSON VICTOR H | $175.1K | — | Oct 8, 2026 |
| HENRIQUES ADOLFO | $175.1K | — | Oct 8, 2026 |
| SCHRIESHEIM ALAN | $175.1K | — | Oct 8, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 8, 2026 | CULLIGAN THOMAS M Director | Purchase | 795 | $175.1K |
| Oct 8, 2026 | Hildebrandt Mark H Director | Purchase | 795 | $175.1K |
| Oct 8, 2026 | Neitzel Julie Director | Purchase | 592 | $174.6K |
| Oct 8, 2026 | CHERUVATATH NANDAKUMAR Director | Purchase | 795 | $175.1K |
| Oct 8, 2026 | Fine Carol F. Director | Purchase | 795 | $175.1K |
| Oct 8, 2026 | MENDELSON VICTOR H Co-COB and Co-CEO | Purchase | 795 | $175.1K |
| Oct 8, 2026 | HENRIQUES ADOLFO Director | Purchase | 795 | $175.1K |
| Oct 8, 2026 | SCHRIESHEIM ALAN Director | Purchase | 795 | $175.1K |
| Sep 1, 2026 | SCHRIESHEIM ALAN Director | Gift | 125 | $0 |
| Jun 29, 2026 | MENDELSON VICTOR H Co-COB and Co-CEO | Gift | 3,285 | $0 |
| Jun 10, 2026 | Rowen Bradley K Chief Accounting Officer | Sale | 1,326 | $320.4K |
| Jun 1, 2026 | SCHRIESHEIM ALAN Director | Gift | 140 | $0 |
| May 29, 2026 | Rowen Bradley K Chief Accounting Officer | Option exercise | 1,280 | $155.4K |
| May 29, 2026 | Rowen Bradley K Chief Accounting Officer | Option exercise | 600 | $58.2K |
| May 29, 2026 | Rowen Bradley K Chief Accounting Officer | Tax withheld | 316 | $82.1K |
| May 29, 2026 | Rowen Bradley K Chief Accounting Officer | Tax withheld | 764 | $198.5K |
| May 29, 2026 | Rowen Bradley K Chief Accounting Officer | Option exercise | 1,400 | $183.0K |
| May 29, 2026 | Rowen Bradley K Chief Accounting Officer | Tax withheld | 874 | $227.1K |
| Apr 15, 2026 | Neitzel Julie Director | Sale | 676 | $150.7K |
| Mar 4, 2026 | CHERUVATATH NANDAKUMAR Director | Purchase | 4,082 | $999.9K |
| Dec 19, 2025 | MENDELSON VICTOR H Co-COB and Co-CEO | Gift | 2,660 | $0 |
| Oct 31, 2025 | Macau Carlos L EVP-CFO & Treasurer | Option exercise | 40,000 | $1.53M |
| Oct 31, 2025 | Macau Carlos L EVP-CFO & Treasurer | Tax withheld | 19,022 | $4.71M |
| Oct 31, 2025 | MENDELSON VICTOR H Co-COB and Co-CEO | Tax withheld | 37,930 | $12.05M |
| Oct 31, 2025 | MENDELSON VICTOR H Co-COB and Co-CEO | Option exercise | 80,000 | $3.60M |
| Oct 31, 2025 | MENDELSON ERIC A Co-COB and Co-CEO | Option exercise | 80,000 | $3.60M |
| Oct 31, 2025 | MENDELSON ERIC A Co-COB and Co-CEO | Tax withheld | 38,004 | $12.08M |
| Oct 21, 2025 | Hildebrandt Mark H Director | Purchase | 400 | $99.5K |
| Oct 10, 2025 | Neitzel Julie Director | Purchase | 676 | $164.9K |
| Oct 10, 2025 | CULLIGAN THOMAS M Director | Purchase | 676 | $164.9K |
| Oct 10, 2025 | Hildebrandt Mark H Director | Purchase | 676 | $164.9K |
| Oct 10, 2025 | Fine Carol F. Director | Purchase | 672 | $163.9K |
| Oct 10, 2025 | MENDELSON VICTOR H Co-COB and Co-CEO | Purchase | 676 | $164.9K |
| Oct 10, 2025 | MENDELSON ERIC A Co-COB and Co-CEO | Purchase | 676 | $164.9K |
| Oct 10, 2025 | HENRIQUES ADOLFO Director | Purchase | 676 | $164.9K |
| Oct 10, 2025 | SCHRIESHEIM ALAN Director | Purchase | 672 | $163.9K |
| Jul 15, 2025 | MENDELSON LAURANS A Executive Chairman | Sale | 56,300 | $17.99M |
| Jun 30, 2025 | MENDELSON VICTOR H Co-CEO | Gift | 3,187 | $0 |
| Jun 23, 2025 | MENDELSON VICTOR H Co-CEO | Gift | 1,440 | $0 |
| Jun 5, 2025 | MENDELSON LAURANS A Executive Chairman | Gift | 571 | $0 |
| Jun 5, 2025 | MENDELSON LAURANS A Executive Chairman | Gift | 470 | $0 |
| Jun 3, 2025 | SCHRIESHEIM ALAN Director | Sale | 35,000 | $10.44M |
| Jun 3, 2025 | Schwitter Frank J Director | Sale | 356 | $106.5K |
| Apr 24, 2025 | Neitzel Julie Director | Sale | 700 | $172.4K |
| Apr 22, 2025 | SCHRIESHEIM ALAN Director | Sale | 50,000 | $11.98M |
| Apr 22, 2025 | Schwitter Frank J Director | Sale | 600 | $142.8K |
| Apr 22, 2025 | MENDELSON LAURANS A COB and CEO | Gift | 210 | $0 |
| Apr 15, 2025 | MENDELSON LAURANS A COB and CEO | Gift | 72 | $0 |
| Mar 4, 2025 | MENDELSON LAURANS A COB and CEO | Gift | 755 | $0 |
| Jan 22, 2025 | MENDELSON LAURANS A COB and CEO | Gift | 922 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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