Harris Technology’s Refurbished Sales Surpass $1 Million Monthly
Harris Technology’s refurbished tech division surpassed $1 million in monthly sales for the first time in July 2026, nearly doubling year-on-year revenue and becoming the company’s main earnings driver.
- Refurbished tech sales grew 89.4% year-on-year in July 2026
- Refurbished division is now Harris Technology’s largest revenue contributor
- Strategic investments since December 2023 underpin growth
- Company targets further expansion in Australia’s refurbished tech market
- Strong brand heritage supports customer trust and market position
Refurbished Division Doubles Monthly Sales in One Year
Harris Technology Group Limited (ASX:HT8) has crossed a significant milestone, with its Refurbished Technology division generating over $1 million in sales for the first time in July 2026. This marks an 89.4% increase compared to approximately $530,000 in July 2025, underscoring rapid growth in a little over two years since the company entered the refurbished market in December 2023.
Refurbished Tech Becomes Primary Revenue and Earnings Engine
The refurbished segment has swiftly evolved into Harris Technology’s largest revenue category and primary earnings driver. The company credits this growth to strategic investments in refurbishment capabilities, supplier networks, and an expanded product range. These efforts have delivered higher margins and returns compared to the traditional new IT hardware business.
CEO Garrison Huang emphasised the milestone as validation of the company's strategic pivot, noting that Australian consumers are increasingly seeking premium tech products that offer value through professional refurbishment. Huang described the $1 million monthly sales as "another step towards building Australia's leading online retailer of refurbished technology products."
Positioned for Growth in Early-Stage Market
Harris Technology views the Australian refurbished technology market as still in its infancy, with ample room for expansion. The company plans to continue scaling its refurbishment operations and broadening its product offerings to meet growing demand. Harris Technology’s established brand, with over 30 years in the Australian IT and consumer electronics retail sector, provides a strong foundation to build consumer trust and loyalty.
The company operates exclusively online, leveraging platforms such as Amazon, eBay, Kogan, and JB Hi-Fi, having exited physical retail stores. This digital-first approach aligns with shifting consumer purchasing habits and supports scalable growth in refurbished product sales.
Sustaining Momentum Amid Market and Competitive Dynamics
While the milestone reflects strong execution, the company has yet to disclose detailed margin figures or specific guidance on future sales targets. Harris Technology’s ability to maintain quality standards and customer satisfaction will be critical as competition intensifies in the refurbished tech space.
Investors may recall the company’s recent strategic partnership with FSP Technology, which has bolstered its supply chain and product range, reinforcing the growth trajectory of the refurbished division. This relationship could prove pivotal in sustaining momentum as the market matures.
Bottom Line?
Harris Technology’s refurbished sales surge signals a successful strategic shift, but sustaining growth will depend on execution in a still-developing market.
Questions in the middle?
- Can Harris Technology maintain its margin advantage as refurbished sales scale further?
- How will competition from other online retailers affect Harris Technology’s market share?
- What new product categories or refurbishment capabilities might the company pursue next?
