Hurco Companies, Inc. (HURC) reported second-quarter fiscal 2026 earnings, with sales and service fees rising 16.5% to $47.6 million, compared to $40.9 million a year earlier. The net loss narrowed to $2.4 million, or $0.37 per diluted share, from $4.1 million, or $0.62 per share, in the same quarter last year. Shares have surged 26.8% since the earnings report, markedly outperforming the S&P 500, which fell 4.2% during the same period.
The company experienced a significant increase in new orders, which rose 41% year over year to $61.6 million, driven by a 63% rise in the Americas and a 66% gain in Asia-Pacific. For the first half of fiscal 2026, revenues increased 3.7% to $90.5 million, and new orders totaled $103.6 million, up 24% from the prior year. Gross profit surged 31.9% to $10.3 million, with a gross margin expansion of 300 basis points to 22% of sales.
As of April 30, 2026, Hurco held cash and cash equivalents of $50.1 million and remained debt-free, despite a slight decline in working capital to $166.9 million. The management remains cautious about providing formal guidance but noted improving demand trends across major markets, including the U.K., Germany, and China.
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