INNIO Beats With Record $1.17B Q3 Revenue, Raises FY26 Guidance to $3.9-4.0B
INIO sits 20% above its 52-week low of $14.58 on elevated volume (2.2× avg).
Summary
INNIO posted record Q3 revenue of $1.17 billion (+57%) and $245 million Adjusted EBITDA (+70%), then raised full-year revenue and EBITDA guidance. A $8.0 billion equipment backlog, up 142%, is being driven by data center orders.
Key Events · Earnings and Guidance · INIO
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Record Q3 Revenue and Profit Jump
Net sales hit $1,167.9 million, up 57% from $742.7 million, the first $1 billion-plus quarter in company history. Net income rose 176% to $109.2 million and Adjusted EBITDA rose 70% to $245.4 million at a 21.0% margin.
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Full-Year Guidance Raised
FY2026 revenue guidance lifted by $100 million to $3.9-4.0 billion and Adjusted EBITDA by $60 million to $780-800 million, implying about 44% EBITDA growth at the midpoint versus FY2025's $549 million.
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Data Center Drives Equipment Growth
Equipment revenue rose 86% to $777.6 million; data center revenue grew from $38 million to $463 million and is now about 60% of equipment revenue. Equipment Order Intake was $2.2 billion in Q3 and $6.1 billion year-to-date, up 91%.
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Backlog at Record $8.0 Billion
Equipment Order Backlog reached $7,963.4 million, up 142% year-over-year and up from $6.6 billion at the end of Q2 2026, supporting 3.3x LTM book-to-bill and multi-year revenue visibility.
Analysis · INIO · Manufacturing
INNIO's first $1 billion-plus quarter came with a guidance raise, not just a beat: management lifted FY2026 revenue to $3.9-4.0 billion (from $3.8-3.9 billion) and Adjusted EBITDA to $780-800 million (from $720-740 million). Data centers are the engine — equipment revenue jumped 86% to $777.6 million, with data center sales going from $38 million to $463 million and now roughly 60% of equipment revenue. A record $8.0 billion equipment backlog, up 142% year-over-year, gives multi-year visibility, and the high-margin services business that follows each installed engine grew 20% at a 31.7% segment margin. Net leverage fell to 2.1x from 3.6x at year-end 2025, so the growth is being funded without stretching the balance sheet. The one blemish is the year-to-date GAAP picture: net income of $83.3 million is down from $136.9 million because of $93.6 million of IPO and public-market readiness costs booked earlier in 2026.
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At the time of this filing, INIO was trading at $17.46 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.