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AAON sales double to $627 million in Q2
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AAON sales double to $627 million in Q2

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  • AAON reported Q2 2026 net sales of $627 million, up 101.2% year over year, driven by higher demand and expanded production capacity.
  • Operating income increased 192.1% to $68.9 million, while diluted EPS rose 257.9% to $0.68.
  • AAON updated its 2026 outlook for 55%–60% sales growth, gross margin of 25%–26% and SG&A of 13%–14% of sales.

AAON (NASDAQ:AAON) reported Q2 2026 net sales of $627 million, up 101.2% year over year, as demand across its AAON and BASX brands increased and manufacturing capacity expanded.

The company’s results compared with Q2 2025 as total backlog nearly doubled to $2 billion, reflecting higher customer demand for heating, ventilation and air conditioning equipment.

Operating income increased to $68.9 million from $23.6 million a year earlier, while gross profit rose 84.3% to $152.5 million and gross margin declined to 24.3%.

GAAP diluted earnings per share increased to $0.68 from $0.19, while non-GAAP EPS reached $0.69 as the company improved operating performance during the quarter.

Year-to-date operating cash flow improved to $55 million compared with a $31 million use of cash in the prior-year period.

AAON updated its 2026 outlook to sales growth of 55%–60%, gross margin of 25%–26% and SG&A expenses of 13%–14% of sales, compared with previous margin guidance of 27%–28%.