Helios Technologies Q2 sales slightly beat; raises 2026 outlook

Helios Technologies

10/08/2026 21:23

Overview
Global motion control tech firm's Q2 sales rose 9%, a slight beat versus analyst expectations
Adjusted EPS for Q2 increased 49% yr/yr and beat consensus
Company raised full-year 2026 outlook, projecting record annual sales

Outlook
Helios raises FY26 sales outlook to $880-$900 mln from $840-$870 mln
Company now expects FY26 adjusted diluted EPS of $3.05-$3.25, up from $2.75-$3.00
Helios sees Q3 2026 sales of $215-$222 mln and adjusted EPS of $0.70-$0.77

Result Drivers
SEGMENT GROWTH - Electronics segment sales rose 19% and Hydraulics segment sales grew 14% on a pro-forma basis
MARGIN EXPANSION - Co said gross margin rose 280 bps to 34.6% due to higher volumes, innovative products, and operating leverage gains
TARIFF REFUNDS - Q2 gross profit included a $1 mln benefit from net IEEPA tariff refunds

Company press release: ID:nBw82xbLra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Beat*
$231.90 mln
$230.59 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$0.88
$0.80 (6 Analysts)
Q2 Net Income
 
$21.90 mln
 
Q2 Adjusted EBITDA
Beat
$49.30 mln
$47.76 mln (6 Analysts)
Q2 Gross Margin
 
34.60%
 
Q2 Operating income
 
$32.50 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Helios Technologies Inc is $88.00, about 5.5% above its August 7 closing price of $83.39
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 24 three months ago

Reuters Recommended Reads
Aug 10 - Ferguson Q2 sales slightly beats on acquisitions; raises 2026 outlook
Aug 10 - Germany's GEA Group Q2 revenue rises, lifts revenue growth outlook
Aug 10 - AAON Q2 sales more than double, beat estimates

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)