AAON reports record Q3 2026 results, restates prior quarters and raises full‑year outlook
+1 new source since this summary was written
AAON Inc. posted third‑quarter 2026 net sales of $707.4 million, up 84.1% year‑over‑year, and GAAP diluted EPS of $0.83, a 124.3% increase. The company restated its Q1 and Q2 2026 financials, adding $10.7 million of revenue and $0.09 of EPS, and disclosed a material weakness in internal controls. It lifted its 2026 sales‑growth guidance to 72%‑75% and reported a total backlog of about $1.9 billion.
Why it matters
Oppenheimer raised its price target to $118 after the earnings beat, indicating analyst optimism. The higher guidance and strong backlog suggest continued revenue growth, which may affect AAON’s valuation and investor expectations.
Key facts
- 1Net sales increased 84.1% to a record $707.4 million. prnewswire.com
- 2GAAP diluted EPS increased 124.3% to $0.83. prnewswire.com
- 3Operating income rose 129.3% to $100.0 million. prnewswire.com
- 4Total backlog grew 40.5% year‑over‑year to $1.9 billion. prnewswire.com
- 5Restatements added $10.7 million of first‑half net sales and $0.09 of diluted EPS. prnewswire.com
- 62026 sales‑growth outlook raised to 72%‑75%. prnewswire.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.