Earnings ·
AAON reports $627M Q2 net sales, a 101% increase, as backlog doubles to $2B on data center demand
AAONAaon, Inc.
AAON, Inc. reported record second quarter 2026 financial results for the period ended June 30, 2026, announcing net sales of $627.0 million, a 101.2% year-over-year increase. Operating income surged 192.1% to $68.9 million, and diluted EPS rose 257.9% to $0.68. Total backlog reached $2.0 billion, up 98.0% from the prior year, driven by strong data center demand for BASX-branded products. The company raised its full-year 2026 outlook, projecting net sales growth of 55%-60%, gross margins of approximately 25-26%, and SG&A expenses of 13%-14% of sales. AAON operates in the HVAC industry, designing and manufacturing energy-efficient heating, ventilation, air conditioning, and cooling solutions for commercial, industrial, and data center environments.