A hybrid work machine is configured with an engine 41, a hydraulic pump 51, a hydraulic actuator, a generator motor 61 coupled to the engine 41, an electric storage device 62 that transmits and receives electric power to and from the generator motor 61, an engine controller 42 that controls the engine 41 based on a target engine revolution speed, a power controller 63 that controls action of the generator motor 61, a controller 72 that controls the engine controller 42 and the power controller 63, and a target engine revolution speed change instructing device that give instructions on a change in the target engine revolution speed. The controller 72 controls the engine controller 42 and the power controller 63 to act the generator motor 61 as a generator until an actual revolution speed of the engine 41 is reduced to a revolution speed corresponding to a target engine revolution speed after change if the target engine revolution speed has been changed to be lower while the engine 41 is in an unloaded state. It is thereby possible to suppress noise of the engine in the case where the target engine revolution speed has been changed to be lower while the engine is in an unloaded state.