Hurco recorded a net loss of $3.468 million, or $0.54 per diluted share, in its first fiscal quarter ended January 31, 2026, compared with a $4.320 million loss, or $0.67 per share, in the same period last year. Total sales and service fees were $42.868 million, an 8% decline from the prior year, including a favorable 4% currency impact.

Sales in the Americas fell 8% to $16.656 million, driven by lower Milltronics machine shipments. European revenue declined 5% to $20.547 million despite an 8% currency tailwind, reflecting reduced VM machine, lathe and accessory sales. Asia Pacific sales decreased 15% to $5.665 million, with a 2% currency benefit, as shipments to China and India softened.

New orders totaled $41.98 million, a 5% increase versus last year, aided by a 4% currency tailwind. Americas orders jumped 18% to $17.301 million on stronger demand for Hurco and Takumi machines, while Europe orders dipped 2% and Asia Pacific orders fell 6%, partially offset by accessory and Indian demand.

Gross profit rose to $7.938 million, 19% of sales compared with 18% a year ago, reflecting a mix shift to higher-performance machines and fixed cost leverage. SG&A expenses increased to $11.108 million, or 26% of sales, due to currency headwinds and higher employee costs, while tax expense declined to $461,000 on valuation allowance changes and geographic tax mix.