Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Aaon ( (AAON) ) has issued an announcement.
On May 7, 2026, AAON reported first-quarter 2026 results showing net sales up 54.3% year over year to a record $496.9 million, driven by strong demand and increased production throughput across both AAON and BASX brands. GAAP diluted EPS rose 37.1% to $0.48, and total backlog more than doubled to a record $2.13 billion, with BASX-branded products benefiting from sustained data center demand and significant share gains.
Gross margin declined to 25.1% from 26.8%, reflecting temporarily unabsorbed fixed costs from recent capacity investments, outsourcing to support rapid growth, and transitory price-cost timing, while SG&A leverage improved as expenses fell to 13.7% of sales. The board also authorized a share repurchase program of up to $100 million and the company sharply raised its 2026 outlook to 40%-45% revenue growth with 27%-28% gross margins, signaling confidence in its backlog, expanded capacity and long-term earnings power despite a softer broader market.
The most recent analyst rating on (AAON) stock is a Buy with a $118.00 price target. To see the full list of analyst forecasts on Aaon stock, see the AAON Stock Forecast page.
Spark’s Take on AAON Stock
According to Spark, TipRanks’ AI Analyst, AAON is a Neutral.
The score is held back primarily by the sharp 2025 cash-flow deterioration and margin pressure, despite strong balance-sheet flexibility. Guidance and backlog-driven growth outlook are constructive, but the stock’s weak technical posture and expensive valuation reduce near-term risk-adjusted attractiveness.
To see Spark’s full report on AAON stock, click here.
More about Aaon
AAON Inc., based in Tulsa, Okla., is a leader in high-performing, energy-efficient HVAC solutions, supplying custom-engineered heating, ventilation and air conditioning equipment. The company operates under the AAON and BASX brands, with a growing focus on data center cooling and other commercial and industrial applications where energy efficiency and reliability are critical.
Average Trading Volume: 874,432
Technical Sentiment Signal: Strong Buy
Current Market Cap: $8.05B
For an in-depth examination of AAON stock, go to TipRanks’ Overview page.