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HEICO’s Record Quarter: Can Aerospace And Defense Momentum Keep Scaling?

HEICO Corporation reported record financial results for the second quarter of fiscal 2026, marked by significant growth across its two main segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). Consolidated net income rose 49% to $233.8 million, while net sales increased 25% to a record level compared to the same quarter last year. Operating income increased 41%, and EBITDA rose 37% to $408.3 million. Cash flow from operations strengthened by 43% to $292 million, underscoring the company’s strong cash generation capabilities. The FSG posted a 21% increase in net sales to $929.4 million, driven by 19% organic growth and contributions from recent acquisitions. Operating income climbed 31% to $243.1 million, supported by improved gross margins and operational efficiencies. Notably, demand across all product lines remained robust, though component repair growth was tempered by ongoing supply chain constraints.