Helios raised its FY26 sales outlook to $880 million-$900 million from $840 million-$870 million.
The company now expects FY26 adjusted diluted EPS of $3.05-$3.25, up from $2.75-$3.00.
For Q3 2026, Helios sees sales of $215 million-$222 million and adjusted EPS of $0.70-$0.77.
Analyst coverage and valuation
The current average analyst rating on the shares is "strong buy". The breakdown of recommendations is 6 "strong buy" or "buy", with no "hold" and no "sell" or "strong sell".
Wall Street's median 12-month price target for Helios Technologies Inc is $88.00, about 5.5% above its August 7 closing price of $83.39.
The stock recently traded at 26 times the next 12-month earnings, versus a P/E of 24 three months ago.
Helios Technologies said second-quarter sales rose 9%, a slight beat versus analyst expectations. Adjusted earnings per share for Q2 increased 49% year over year and also beat consensus.
The company reported Q2 sales of $231.90 million, versus a consensus estimate of $230.59 million. Adjusted EPS came in at $0.88, compared with a consensus estimate of $0.80.
Segment growth and margin expansion drove results
Electronics segment sales rose 19% and Hydraulics segment sales grew 14% on a pro-forma basis.
Gross margin rose 280 basis points to 34.6% due to higher volumes, innovative products, and operating leverage gains.
Q2 gross profit included a $1 million benefit from net IEEPA tariff refunds.
HLIO•
