Helios Technologies tops Q1 estimates, raises 2026 outlook as HLIO gains

Helios Technologies (NYSE: HLIO) reported first-quarter 2026 revenue and profit above Wall Street estimates, driven by broad demand across hydraulics and electronics, and issued stronger-than-expected second-quarter guidance. Shares rose to $74.01 from $68.21 before the earnings release. Revenue increased 16.8% year over year to $228.4 million, ahead of consensus expectations. Non-GAAP earnings were $0.80 a share, 16.1% above analyst estimates. The company guided for second-quarter revenue of $229.5 million at the midpoint, 8.7% above consensus. Management cited record quarterly sales at its Innovation Controls business, improved channel inventory levels and healthy backlogs, particularly in construction and mobile hydraulics. Helios also raised its full-year 2026 outlook, pointing to new product launches, electronics and thermal management wins for data centers, and a potential recovery in agriculture. The company said tariffs, freight and energy costs remain potential margin headwinds.