Hong Kong's Highway Holdings Q2 revenue falls on reduced motor business
Overview
Hong Kong parts manufacturer reported Q2 fiscal 2026 revenue fell 44% yr/yr
Company posted a net loss of $373,000 for Q2 fiscal 2026
Company faces reduced OEM business but optimistic about new opportunities
Outlook
Company is negotiating acquisition to create synergies and strengthen business
Highway Holdings exploring entry into Chinese market and services for elderly
Company aims to diversify revenue streams and reduce OEM dependency
Result Drivers
OEM BUSINESS SHIFT - Loss of major OEM customer due to reorganization led to reduced motor business, impacting revenue
NEW MOTOR PRODUCT - New OEM customer approved mass production of motor product, expected to eventually compensate for lost business
RETURNING GAMING CUSTOMER - Substantial order from gaming industry customer provides positive momentum
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| $1.18 mln |
|
Q2 Net Income |
| -$373,000 |
|
Q2 Gross Profit |
| $301,000 |
|
Q2 Operating Income |
| -$542,000 |
|
Press Release: ID:nPn4BDbR1a
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
Related Articles
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
Cathie Wood Predicts Bitcoin Has Bottomed. Is Now The Best Time to Buy? How to Buy BTC?
Purchasing Bitcoin is generally divided into three stages: pre-transaction, during transaction, and post-transaction. Each stage requires careful attention, as losses can easily arise from operational errors, pitfalls, and other factors.
Musk’s Next Ambition: Building a Space-Based AI Data Center
TradingKey - Musk has long resisted the idea of taking SpaceX public. After the Tesla take-private drama and the resulting SEC penalties (which cost him the chairmanship), he’s been wary of public market entanglements. But something’s changed—and fast.
Japan Central Bank Rate Hike To Three-Decade High Imminent, How Will The Market Go? Which Assets Most Affected?
As global monetary policy divergence enters a critical phase, the Bank of Japan (BoJ) is anticipated to raise its benchmark interest rate at the monetary policy meeting on December 19, 2025, by 25 basis points to 0.75% , marking its highest level in nearly 30 years.
