INNIO Q3 2026 slides: data center surge drives record results

Goldman Sachs reduced its price target for Innio (NASDAQ:INIO) to $31 from $35, maintaining a Buy rating. Innio's Q3 EBITDA exceeded estimates at $257M, with strong revenue growth in equipment and services. Analysts expect 47% revenue growth by 2026. Equipment orders reached $2.2B, with a record backlog of $8B. Goldman raised its EBITDA estimates for 2026-2028. Innio's Q3 earnings beat expectations, and it raised its full-year outlook.

Innio NV (INIO) reported a record $8B backlog and 57% revenue growth in Q3 2026. Key risks include customer concentration and capacity expansion. Services revenue growth is expected to moderate. Net leverage is 2.1x, above the target. The company plans to reinvest profits and not pay dividends soon. Equipment revenue per kilowatt rose to ~$650, driven by higher containerization. Long-term service agreements typically run 10-15 years.

Innio N.V. (INIO) reported record quarterly revenue of $1.2B, exceeding $1B for the first time. The company raised its 2026 adjusted EBITDA guidance to $780M-$800M, citing strong order momentum and long-term customer demand, according to CEO Olaf Berlien.

BNP Paribas Exane reduced its price target for Innio (INIO) to $35 from $43, citing valuation discrepancies with GEV. Innio's stock is down 50% in six months, trading at $16.50. The firm notes Innio's contracted capacity and growth metrics, but maintains an Outperform rating. Innio's Q3 2026 earnings beat estimates, with revenue up 57% year-over-year, and the company raised its full-year outlook.

Innio (INIO) reported Q3 2026 record revenue of $1 billion, up 57% YoY, with adjusted EBITDA growing 70%. Equipment revenue surged 86%, and order backlog reached $8 billion. The company raised full-year EBITDA guidance by $60 million. Key orders include data center and energy projects, with strong demand driven by AI and data center expansion.

Innio (NASDAQ:INIO) plans to expand production capacity to over 10 gigawatts by 2030, driven by data center demand. The company reported 37% growth in services adjusted EBITDA to $124 million. Innio raised its 2026 revenue outlook to $3.9-$4 billion and adjusted EBITDA to $780-$800 million. Net leverage improved to 2.1 times. Management focuses on organic growth, debt reduction, and potential acquisitions.