Generac achieves $1.29 billion quarterly sales milestone
Key points
- Generac Holdings (NYSE:GNRC) reported third-quarter 2026 net sales of $1.29 billion, up 16% year over year, while net income increased to $109 million.
- Commercial & Industrial external sales rose approximately 28%, and the data center backlog reached about $4.5 billion.
- Generac maintained its full-year sales growth outlook in the mid-to-high teens and raised its adjusted EBITDA margin outlook to approximately 20.5%–21.0%.
Generac Holdings (NYSE:GNRC) reported record third-quarter 2026 net sales of $1.29 billion, up 16% year over year, as net income increased to $109 million.
Net income rose from $66 million a year earlier, diluted earnings per share increased to $1.83 from $1.12, and gross margin expanded to 39.9% from 38.3%.
Generac’s third-quarter results showed Commercial & Industrial external sales increasing approximately 28%, while Residential external sales grew approximately 9%.
The company reported a data center backlog of approximately $4.5 billion and said initial deliveries under its Amazon supply agreement are expected to total a combined $2.4 billion in 2027 and 2028.
Generac maintained its full-year sales growth outlook in the mid-to-high teens percentage range and raised its adjusted EBITDA margin outlook to approximately 20.5%–21.0%, from the previous range of approximately 20.0%–21.0%.
Quarterly operating cash flow increased to $171 million from $118.4 million, while demand for backup power systems and data center power solutions remained central to the company’s reported business performance.
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