Recent Updates — GNRC
Generac Holdings Inc. reported third-quarter 2026 net sales of $1.29 billion, a 16% increase from the prior year period, driven by strong performance in its Commercial & Industrial segment which saw sales rise approximately 28%. Net income attributable to the company was $109 million, or $1.83 per diluted share, compared to $66 million, or $1.12 per share, in the same quarter of 2025. Adjusted net income reached $151 million, or $2.54 per share, while adjusted EBITDA increased to $256 million. The company highlighted a significant backlog increase in its data center market, now totaling approximately $4.5 billion, supported by a long-term supply agreement with Amazon for backup power generators. Generac is maintaining its full-year 2026 net sales growth guidance in the mid-to-high teens percent range and raised its adjusted EBITDA margin outlook to 20.5-21.0%. Generac Holdings Inc. is a leading global designer and manufacturer of energy technology solutions, including generators and power products for residential and commercial markets.
Generac Holdings Inc. entered into a Transaction Agreement with Amazon.com, Inc., issuing a warrant to acquire up to 1,693,745 shares of common stock at an exercise price of $200.9266 per share. The warrant was issued in connection with a long-term supply agreement for backup power generators for Amazon data centers, with aggregate gross payments potentially reaching $8 billion. Initial deliveries are expected to total $2.4 billion in 2027 and 2028. Generac Holdings Inc. manufactures backup power generation products.
Generac Holdings Inc. reported second quarter 2026 financial results on July 29, 2026, showing net sales of $1.17 billion, an 11% increase year-over-year. Net income attributable to the Company rose to $143 million, or $2.40 per diluted share, compared to $74 million, or $1.25 per share, in the prior year period. Adjusted EBITDA reached $291 million, representing a 24.8% margin, up from 17.7% in the previous year. The results included approximately $71 million in pre-tax tariff refunds. Commercial & Industrial segment sales grew 29% to $556 million, driven by data center demand, while Residential segment sales decreased 2% to $617 million. The Company secured a global supply agreement committing nearly $700 million of volume for 2027 with a hyperscale customer and completed the acquisition of Enercon. Full-year 2026 adjusted EBITDA margin guidance was raised to 20.0-21.0%. Generac Holdings Inc. is a leading global designer and manufacturer of energy technology solutions, including power generation equipment and energy storage systems.
Generac Holdings Inc. announced its financial results for the first quarter ended March 31, 2026, and provided updated recast financial information regarding its segment reorganization. The company has transitioned its reportable segments from Domestic and International to Residential and Commercial & Industrial.
Generac Holdings Inc. is reorganizing its reportable segments from Domestic and International to Residential and Commercial & Industrial, effective March 31, 2026. Additionally, the company approved incremental performance-based equity awards for executives Norm Taffe and Erik Wilde with target values of $1 million and $2 million, respectively.