The 41% order surge and 300bps gross margin expansion are the strongest signals in this filing — watch for continued order momentum in Q3 to confirm the cyclical recovery thesis. The company remains unprofitable but is approaching breakeven (operating loss -$0.8M vs -$3.1M YoY). Monitor European demand trajectory given persistent weakness in Germany.
Price Chart
Executive Summary
Hurco reported Q2 FY2026 results with revenue of $47.6M (+17% YoY) and a net loss of $2.4M (-$0.37/share), narrowing from a -$0.62 loss a year ago. Orders surged 41% YoY to $61.6M, the strongest quarterly intake in years, with broad-based growth across Americas (+63%), Asia Pacific (+66%), and Europe (+17%). Gross margin expanded 300bps to 22%, and the company maintains a debt-free balance sheet with $50M cash. The filing signals a cyclical recovery in the machine tool industry after a prolonged downturn, though the company remains unprofitable.
Key Financial Metrics
Key Facts
- Q2 FY2026 revenue $47.6M, +17% YoY vs $40.9M
- Net loss narrowed to -$2.4M (-$0.37/share) from -$4.1M (-$0.62/share) YoY
- Orders $61.6M, +41% YoY — strongest quarterly intake in many years
- Americas orders +63%, Asia Pacific +66%, Europe +17%
- Gross margin expanded 300bps to 22% from 19% YoY
- Cash and equivalents $50.1M, zero debt
- Full valuation allowance on Italian, U.S., and Chinese deferred tax assets
Financial Impact
Revenue growth of $6.8M (+17% YoY) and gross profit improvement of $2.5M (+32% YoY) in Q2
Risk Factors
- Continued net losses and full valuation allowance on deferred tax assets signal ongoing profitability challenges
- European sales declined 8% YoY, with weakness in Germany persisting
- SG&A expenses increased to $11.1M (23% of sales) from $10.9M (27% of sales) YoY, partly due to unfavorable FX
- Cyclical machine tool industry — recovery may not be durable
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-070810 |
| Document: hurc-20260605x8k.htm | 0001104659-26-070810 |
| Document: 0001104659-26-070810-index-headers.html | 0001104659-26-070810 |
| Document: 0001104659-26-070810-index.html | 0001104659-26-070810 |
| Document: 0001104659-26-070810.txt | 0001104659-26-070810 |
| 8-K Data (Synthetic) | 0001104659-26-070810 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 7w ago | 8-K | $22.99 $22.37 | ▼ −2.70% | ▼ −3.30% | $21.29 (−7.39%) |
Sep 4, 2026 7w ago | Press Release | $22.99 $22.37 | ▼ −2.70% | ▼ −3.30% | $21.29 (−7.39%) |
Jun 11, 2026 19w ago | Institutional Cluster | $21.50 $22.76 | ▲ +5.86% | ▲ +3.97% | $21.29 (−0.98%) |
Jun 5, 2026 20w ago | 8-K | $21.13 $22.26 | ▲ +5.35% | ▲ +3.49% | $21.29 (+0.76%) |
Mar 6, 2026 33w ago | Press Release | $15.54 $15.50 | ▼ −0.26% | ▲ +1.79% | $21.29 (+37.00%) |
US Market Status
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