June 5, 2026

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Hurco Companies, Inc. (NASDAQ: HURC) reported fiscal second-quarter 2026 results with higher sales, stronger orders, better gross margin, and a narrower net loss as machine tool demand improved.
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Hurco is an industrial technology company that sells CNC machine tools, automation solutions, and machine tool components under the Hurco, Milltronics, and Takumi brands.

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Results Showed Demand Recovery

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Hurco reported sales and service fees of $47.6 million, up 17% from $40.9 million in the prior-year quarter. The company narrowed its net loss to $2.4 million, or $0.37 per diluted share, compared with a loss of $4.1 million, or $0.62 per share, a year earlier.
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Orders were the bigger highlight. New orders increased 41% year-over-year to $61.6 million, which management described as the company’s strongest quarterly intake in many years. Order growth was broad-based, with the Americas up 63%, Asia Pacific up 66%, and Europe up 17%.
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Gross profit improved to $10.3 million, or 22% of sales, compared with $7.8 million, or 19% of sales, in the prior-year quarter. The improvement was driven by higher machine sales volume and a richer mix of higher-performance machines.
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Regionally, second-quarter sales rose 35% in the Americas and 81% in Asia Pacific, helped by higher shipments of Hurco 5-axis, higher-performance vertical milling machines, Milltronics toolroom machines, and Takumi machines. Europe sales declined 8%, reflecting weaker shipments in parts of the region.
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Hurco ended the quarter with just over $50 million in cash and cash equivalents and no debt, giving the company flexibility if the demand recovery continues.

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The Bigger Picture

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Hurco is still unprofitable, but the quarter showed clear improvement.
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Sales increased, orders accelerated sharply, margins expanded, and losses narrowed. The key question is whether the strong order intake is the start of a durable recovery in machine tool demand or just a short-term rebound after a long industrial downturn.
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