INNIO 10-Q: Q3 Revenue $1.17B, EPS $0.15, Backlog $10.9B; Material Weaknesses Persist
INIO is trading near its 52-week low of $14.58 (15% above the low).
Summary
INNIO's Q3 10-Q confirms $1.17B revenue and $0.15 EPS, with $10.9B of remaining performance obligations and $1.20B of cash, while material weaknesses in internal controls remain unremediated.
Key Events · Earnings and Guidance · INIO
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Q3 Revenue Jumps 57% to $1.17B
Net sales were $1,167.9 million versus $742.7 million a year earlier; equipment revenue rose 86.3% to $777.6 million, led by data center revenue of $463.0 million (up from $38.5 million).
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Net Income $109.2M, EPS $0.15
Q3 net income attributable to INNIO shareholders was $111.0 million, or $0.15 per diluted share, versus $0.05 a year earlier; gross profit was $367.7 million.
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Backlog of $10.9B Remaining Performance Obligations
Unsatisfied performance obligations totaled $10.9 billion as of September 30, 2026, with about 71% expected to be recognized within 24 months.
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Operating Cash Flow $741.5M, Cash $1.20B
Nine-month operating cash flow was $741.5 million versus $309.4 million a year earlier, lifting cash and cash equivalents to $1,195.8 million from $689.5 million at year-end 2025.
Analysis · INIO · Manufacturing
The full quarterly report backs up this morning's 8-K with hard numbers: Q3 net sales of $1,167.9 million and net income of $109.2 million ($0.15 per diluted share), while data center equipment revenue jumped 1,104% year over year to $463.0 million. Cash generation stands out — $741.5 million from operations in nine months versus $309.4 million a year earlier — and remaining performance obligations of $10.9 billion provide unusually long revenue visibility. Against that, the company still reports unremediated material weaknesses in internal control over financial reporting, a governance item that matters for a newly public issuer and keeps a lid on how clean the beat looks.
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At the time of this filing, INIO was trading at $16.72 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $12.5B. The 52-week trading range was $14.58 to $42.95. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.