HEICO (HEI) Q1 Revenue Surges 25.3% to $1.38 Billion, Beating Estimates

HEICO Corp. (HEI) reported fiscal first-quarter revenue of $1.38 billion on May 29, 2026, a 25.3% year-over-year jump that exceeded Wall Street forecasts. Non-GAAP earnings per share of $1.66 beat analyst consensus by 24.2%, driven by strong demand across commercial aviation, defense, and space. Shares climbed to $343.48, up from $309.40 before the earnings release. Co-CEO Eric Mendelson pointed to record backlogs and customers "clamoring for more parts." Both the Flight Support Group and Electronic Technologies Group posted broad-based order growth and market share gains, with favorable product mix and operational efficiencies lifting operating margins. CFO Carlos Macau said all verticals are expanding at a "really nice clip," projecting GAAP operating margins in the low-to-mid 20% range. Management expects continued momentum from organic demand and recent acquisitions, including Sherwood Avionics and Southwest Antennas, while flagging supply chain complexity and end-market volatility as risks.