Hurco Companies, Inc. reported its financial results for the second quarter and first half of fiscal year 2026, revealing a notable increase in sales and service fees. For the three months ended April 30, 2026, the company generated $47.6 million in sales, a 17% increase from $40.9 million in the same period last year. The six-month figures also showed growth, with sales rising to $90.5 million from $87.3 million, marking a 4% increase. The gross profit for the second quarter was $10.3 million, or 22% of sales, compared to $7.8 million, or 19% of sales, in the prior year. However, the company reported a net loss of $2.4 million for the quarter, an improvement from a loss of $4.1 million in the same period last year.
The increase in revenue was primarily driven by higher shipments of Hurco and Takumi 5-axis and vertical milling machines, particularly in the Americas and Asia Pacific regions. Orders for the second quarter surged by 41% to $61.6 million, reflecting strong customer demand across all regions. The Americas saw a 63% increase in orders, while Europe and Asia Pacific reported increases of 17% and 66%, respectively. Despite these positive trends, European sales decreased by 8% due to lower shipments of Hurco machines and components manufactured by LCM Precision Technology S.r.l.
Operationally, Hurco continues to focus on cost management and strategic investments. The company has implemented cost reductions in response to global market uncertainties and lower sales volumes. Additionally, Hurco has suspended its regular quarterly cash dividend to enhance financial flexibility and support ongoing investments in product development and technology. The company’s cash and cash equivalents stood at $50.1 million as of April 30, 2026, up from $48.7 million at the end of the previous fiscal year.
Looking ahead, Hurco remains optimistic about its growth prospects, particularly in the CNC machine tool market. The company is actively exploring acquisition opportunities and investing in new technologies to strengthen its product offerings. However, it acknowledges the cyclical nature of the machine tool industry and the potential impact of economic conditions on demand. The company’s management emphasized the importance of maintaining a strong balance sheet and disciplined capital allocation to navigate market fluctuations effectively.
About HURCO COMPANIES INC
Hurco Companies, Inc. designs, manufactures, and sells CNC machine tools, including vertical and turning centers, for the metal cutting industry. Its products feature proprietary control systems and software that enhance productivity, accuracy, and ease of operation. Serving global markets across aerospace, automotive, medical, and energy sectors, Hurco emphasizes innovation, automation, and customer support to maintain competitive advantage in a cyclical industry.
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