Abstract
Heico will release its quarterly results on December 18, 2025 Post Market; this preview compiles recent financial trends, forecasts, and institutional commentary to frame expectations for revenue, margin trajectory, and adjusted EPS for the upcoming report.
Market Forecast
Based on the company’s latest guidance framework and compiled estimates, Heico’s current-quarter revenue is projected at USD 1,178,002,440.00, implying year-over-year growth of 14.20%, with estimated EBIT of USD 266,842,060.00 and adjusted EPS of USD 1.21; the model implies continued gross margin resilience, though no formal gross margin guide was disclosed, and net margin is expected to track stable with modest YoY improvement. The Flight Support Group and Electronics Technologies Group remain the revenue pillars, with management and consensus highlighting sustained aftermarket demand and contribution from recent acquisitions as the key near-term drivers. The Electronics Technologies Group is viewed as the most promising segment this quarter, supported by program wins and content expansion; last quarter revenue was USD 355,863,000.00 with double-digit YoY growth flagged by estimates aligned to the current run-rate.
Last Quarter Review
Heico’s previous quarter delivered revenue of USD 1,147,591,000.00, a gross profit margin of 39.84%, GAAP net profit attributable to the parent company of USD 177,000,000.00, a net profit margin of 15.45%, and adjusted EPS of USD 1.26, which represented 29.90% year-over-year growth, with EBIT of USD 265,019,000.00 up 22.44% year-over-year. Momentum was aided by solid aftermarket demand and the integration of acquired product lines, while operating leverage supported margin performance and contributed to the EPS beat relative to consensus. Main business highlights included USD 802,661,000.00 revenue from the Flight Support Group and USD 355,863,000.00 revenue from the Electronics Technologies Group, with the portfolio mix supported by high-value engineered components and services.
Current Quarter Outlook
Flight Support Group
The Flight Support Group is positioned to sustain a steady pace of growth, anchored by durable aftermarket demand from commercial aviation and a stable contribution from defense-related parts supply. With last quarter revenue at USD 802,661,000.00, this unit continues to benefit from airline utilization rates and fleet refurbishment cycles, which are supporting parts and repair activity. Pricing discipline and product breadth have favored margin stability, and working capital efficiency helps the segment convert demand into cash flow. For the current quarter, the group’s growth drivers include continued demand in rotable parts, PMA products, and specialty distribution, alongside incremental scale from recently acquired lines. Potential headwinds that could influence the quarter’s trajectory are the timing of airline maintenance windows and inventory normalization at certain customers, but the run-rate suggests mid-teens revenue growth is attainable in aggregate with EBIT contribution tracking close to the consolidated estimate.
Electronics Technologies Group
The Electronics Technologies Group displays the largest growth potential within Heico’s portfolio, supported by deep content on mission-critical platforms and expanding participation in space, defense, and medical end-markets. The unit’s last quarter revenue of USD 355,863,000.00 reflected strong demand for niche, high-reliability components, RF/microwave solutions, and power management electronics, with program-level visibility underpinning backlog. For the current quarter, estimates imply continued double-digit growth aided by program ramps and new qualifications across aerospace and defense applications, translating to positive mix for consolidated margins. The group’s exposure to secular growth areas—satellite payloads, avionics upgrades, and precision sensing—adds a buffer against cyclical softness, while integration of bolt-on acquisitions supports cross-selling and operating leverage. Risks in the quarter center on the cadence of customer program milestones and potential supply-chain timing shifts, but the backlog suggests revenue conversion aligns with the forecast envelope.
Stock Price Drivers This Quarter
The stock will likely react to revenue growth relative to the 14.20% YoY benchmark and to adjusted EPS performance versus the USD 1.21 estimate, with incremental sensitivity to EBIT delivery at USD 266,842,060.00. Margin commentary—especially the gross profit margin relative to the 39.84% last quarter level and the net margin indicative of mid-teens—will be pivotal in framing the sustainability of earnings power. Investor attention will also focus on the mix between Flight Support and Electronics Technologies groups; stronger-than-expected growth in Electronics Technologies could be interpreted as positive for margin durability and multi-year earnings compounding. Additionally, acquisition cadence and integration updates will shape expectations for organic versus inorganic growth, while any signals on backlog quality, book-to-bill, or order timing could sway sentiment. Finally, management’s tone on supply-chain reliability and customer inventory positions will influence views on near-term revenue predictability and free cash flow conversion.
Analyst Opinions
Across recent institutional commentary gathered over the past months, the prevailing stance is constructive on Heico’s near-term earnings trajectory, with the majority of analysts emphasizing continued double-digit revenue growth and resilient margin performance into the December 2025 quarter. Positive views often cite the consistent execution in bolt-on acquisitions, stable aftermarket demand supporting Flight Support, and a healthy pipeline of electronics content in defense and space. Well-followed sell-side analysts frame the quarter’s risk-reward around meeting or modestly exceeding the consensus EPS estimate of USD 1.21 and delivering revenue near USD 1,178,002,440.00; upside is linked to Electronics Technologies mix and acquisition benefits exceeding expectations, while downside risks are tied to timing variances in customer programs or maintenance cycles. In sum, the majority outlook is bullish, with expectations anchored to mid-teens revenue growth and stable-to-improving margins, suggesting constructive sentiment into the report window.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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