Hurco Companies (NASDAQ:HURC) reported a reduced net loss for the first quarter of fiscal 2026, finding a silver lining in a double-digit surge in domestic orders despite a dip in global sales.
The Indianapolis-based industrial technology leader announced a net loss of $3.468 million, or $0.54 per diluted share, for the quarter ended Jan. 31, 2026.
This represents a moderate improvement over the $4.320 million loss, or $0.67 per share, recorded during the same period last year.
Global sales for the quarter fell 8% to $42.868 million, reflecting a cautious spending environment in key international manufacturing hubs.
However, the company’s booking activity signaled a potential shift in momentum; total orders rose 5% to $41.980 million, propelled primarily by an 18% jump in demand across the Americas.
Operating metrics showed a mix of improved efficiency and rising overhead.
Hurco’s gross margin climbed to 19% of sales, up from 17% in the prior-year period, benefiting from a more favorable product mix.
Conversely, selling, general, and administrative (SG&A) expenses climbed to 26% of sales, as the company continued to invest in its global sales infrastructure and product development.