EarningsQ2 2026 Earnings Report

Halma plc (HLMAN) Q2 2026 Earnings Report

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Previous Report: Q4 2025

Next Report: Q4 2026

MX:HLMAN Q2 2026 EPS Results

Actual EPS$13.29

Consensus EPS$11.42

Beat/MissBeat by +$1.87

One Year Ago EPS$10.34

MX:HLMAN Q2 2026 Revenue Results

Actual Revenue$29.74B

Expected Revenue$28.18B

Beat/MissBeat by +$1.56B

YoY Revenue Growth+15.18%

Earnings Announcement Details

QuarterQ2 2026

Date11/20/2025

TimeBefore Open

Conference CallThursday, November 20, 2025

MX:HLMAN Upcoming Earnings

Halma plc's next earnings date is estimated for November 19, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Nov 20, 2025|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call presented a strong performance by Halma, with record half-year results, robust growth across sectors, significant investments, and a strong balance sheet. However, challenges such as cash conversion being below KPI and currency headwinds were noted. The strong positive aspects significantly outweighed the lowlights.

Company Guidance

During the call, Halma reported strong financial results for the first half of the fiscal year 2026, driven by a diverse range of performance metrics across its sectors. The company achieved 15% headline revenue growth and a 27% increase in EBIT, with an organic revenue growth rate of 16.7%. Photonics significantly contributed to this growth, accounting for half of the organic increase. Halma maintained a robust margin of 22.3%, up by 160 basis points, and achieved a 16.2% return on capital, an increase of 190 basis points. Strategic investments totaled GBP 300 million, including GBP 60 million in R&D and GBP 130 million in acquisitions, supporting future growth. Despite a lower cash conversion rate of 79%, the company expects to align with its 90% KPI by year-end. Notably, Safety sector margins reached a historic high of 27%, with a 280 basis point increase. The Environmental & Analysis sector, excluding a one-off benefit, saw organic revenue and profit growth of 36% and 38%, respectively. Halma also upgraded its full-year guidance, anticipating mid-teens percentage organic constant currency revenue growth and an adjusted EBIT margin of around 22%.

Record Half-Year Results

Halma reported another set of record half-year results for Fiscal Year 2026, with headline revenue growth of 15% and EBIT growth of 27%. Organic growth was strong across all sectors, particularly in Photonics.

Strong Margin Performance

The company delivered a very strong first-half margin of 22.3%, up 160 basis points, driven by margin expansion across all three sectors.

Significant Investments

Halma invested GBP 300 million in the first half, including GBP 60 million in R&D and GBP 130 million in acquisitions, supporting future growth opportunities.

Strong Balance Sheet

Net debt to EBITDA remained stable at just over 1x, and returns increased significantly by 190 basis points to 16.2%.

Upgraded Full-Year Guidance

Halma upgraded its full-year guidance for the second time this year, expecting mid-teens percentage organic constant currency revenue growth and an adjusted EBIT margin of around 22%.

Photonics Premium Growth

Photonics contributed significantly to growth, with increased demand from a long-standing hyperscaler customer.

MX:HLMAN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 19, 2026	2027 (Q2)	15.07 / -	13.292	―
Jun 11, 2026	2026 (Q4)	13.75 / 14.11	12.234	15.32% (+1.87)
Nov 20, 2025	2026 (Q2)	11.42 / 13.29	10.335	28.60% (+2.96)
Jun 12, 2025	2025 (Q4)	11.83 / 12.23	10.888	12.36% (+1.35)
Nov 21, 2024	2025 (Q2)	10.26 / 10.34	8.869	16.53% (+1.47)
Jun 13, 2024	2024 (Q4)	10.53 / 10.89	9.807	11.03% (+1.08)
Nov 16, 2023	2024 (Q2)	8.89 / 8.87	8.557	3.65% (+0.31)
Jun 15, 2023	2023 (Q4)	9.54 / 9.81	8.052	21.79% (+1.75)
Nov 17, 2022	2023 (Q2)	6.33 / 8.56	7.691	11.25% (+0.87)
Jun 16, 2022	2022 (Q4)	5.85 / 8.05	7.956	1.21% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed