AAON Delivers Record Q2 2026: Sales Double, EPS Triples, and Full-Year Outlook Moves Higher
AAON sits 71% above its 52-week low of $62.
Summary
Revenue doubled to a record $627 million in Q2 2026 and EPS tripled to $0.68, prompting a significant raise in full-year sales growth guidance to 55–60%. Backlog stands at $2 billion, nearly double year-ago levels, underscoring robust demand.
Key Events · Earnings and Guidance · AAON
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Record Q2 Revenue Doubles
Net sales surged 101.2% to $627.0 million, driven by 216% growth in BASX-branded sales to $345 million and 39% growth in AAON-branded sales to $282.2 million.
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Earnings Triple
GAAP diluted EPS jumped 257.9% to $0.68, with operating income up 192.1% to $68.9 million, reflecting strong operating leverage and disciplined cost management.
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Full-Year Guidance Raised
The 2026 net sales growth outlook was raised to 55–60% from 40–45%, though gross margin guidance was trimmed to 25–26% from 27–28% due to near-term capacity ramp costs.
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Backlog Remains Near Double
Total backlog increased 98% year-over-year to $2.0 billion, with BASX backlog up 185.4%, providing strong revenue visibility despite a sequential decline from record conversion.
Analysis · AAON · Technology
A blowout quarter saw net sales more than double to $627 million and diluted EPS surge 258% to $0.68, fueled by surging data center demand for the BASX brand and improved manufacturing throughput. Confidence in sustained momentum is evident as the company raised its full-year sales growth outlook to 55–60% from 40–45%, though gross margin guidance was trimmed to 25–26% from 27–28% to reflect near-term costs from ramping new capacity. Backlog remains elevated at $2 billion, nearly double the prior year, providing strong revenue visibility. The results and guidance upgrade materially exceed prior expectations and reinforce the company's rapid scaling trajectory.
At the time of this filing, AAON was trading at $105.97 on NASDAQ in the Technology sector, with a market capitalization of approximately $7.8B. The 52-week trading range was $62.00 to $150.46. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.