Hurco reports order surge and margin improvement in Q2 fiscal 2026

Hurco Companies (NASDAQ:HURC) announced its financial results for the second quarter of fiscal year 2026, showing significant momentum in booking activity and improved operational efficiency.

The company reported a 41% year-over-year increase in new orders, which totaled $61.6 million, signaling a robust rebound in demand for its high-performance milling solutions.

This growth in orders was driven primarily by strong performance in the Americas and Asia Pacific regions, with notable interest in Hurco and Takumi 5-axis and high-performance vertical milling machines.

Despite the challenging industrial environment, Hurco demonstrated operational progress.

The company reported a net loss of $2.37 million, or $0.37 per diluted share, a marked improvement from the $4.06 million loss recorded in the same quarter last year.

Revenue rose 17% to $47.6 million, and gross margins expanded to 22%, reflecting the company’s ongoing focus on product mix optimization and cost management.

Hurco maintains a strong liquidity position as it navigates the current cycle.

At the end of the second quarter, the company held $50.1 million in cash and cash equivalents with no outstanding debt, while maintaining a healthy working capital of $166.9 million.