Aaon Inc (AAON)
NASDAQ:AAON
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Earnings Data
Report Date
Jul 30, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.48Last Year’s EPS
0.22Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and commercial performance: record revenue, sizable backlog, robust bookings (particularly in Basics/data-center cooling), meaningful EPS and EBITDA growth, and an upgraded full-year revenue growth outlook (40%–45%). The primary negatives are near-term margin pressure driven by intentional outsourcing, tariff and inflation effects, a sharp drop in reported gross margin, a decline in coil segment margin, and a very low quarter-end cash balance. Management characterizes the margin headwinds as temporary and tied to deliberate decisions to accelerate capacity and market share; guidance assumes margin recovery as internal capacity ramps. On balance, the company showed clear momentum and visibility into growth, while acknowledging short-term profitability trade-offs to secure share and delivery.Company Guidance
Record Revenue and Strong Top-Line Growth
Net sales of $496.9 million in Q1 2026, a 54% year-over-year increase and a company record; company now guiding full-year sales growth of 40%–45%.
Earnings and Profitability Expansion (Despite Margin Timing)
Diluted EPS of $0.48, up 37% year-over-year; non-GAAP adjusted EBITDA of $78.0 million, up 44% year-over-year (EBITDA margin 15.7% vs. 17.6% prior year).
Exceptional Bookings, Backlog and Book-to-Bill
Company recorded a book-to-bill >1 overall and Basics book-to-bill >2; backlog of $2.1 billion (more than double vs. prior year) and sixth consecutive quarter at record backlog.
Basics Segment Demand and Share Gains
Basics branded sales growth reported at +72% year-over-year, Basic segment sales up 104% to $135.4 million; basics backlog up 160% year-over-year and 24% sequentially, benefiting from a data-center thermal market growing ~30% and driving market share gains.
AAON Branded Sales Momentum
AAON branded sales increased 42% year-over-year and 11% sequentially; AAON bookings +9% year-over-year and roughly +15% on a trailing 12-month basis; AAON branded backlog +26% year-over-year (down 3% sequentially).
Operational Throughput and Capacity Ramp
Increased production from expanded facilities (Memphis, Longview, Redmond) enabled higher throughput and record basics sales across all three facilities; production momentum expected to continue ramping through Q2–Q3.
Improving Cash Generation and Leverage
Operating cash flow of +$34 million in Q1 (highest since Q3 2024) vs. a $9.2 million cash use in the prior year period; leverage improved to 1.71x from 1.77x and debt of $425.2 million at quarter end.
Management and Strategic Execution
Intentional investments in people, supply chain and lean manufacturing are moving from build to execution; new CFO hired with stated priorities on margin discipline, working capital and finance function capability.
Forward Guidance and Margin Path
Full-year outlook: sales growth 40%–45%, gross margin expected 27%–28%, SG&A 14%–15% of sales, depreciation & amortization $95M–$100M — company expects margins to improve as outsourced costs decline and internal capacity scales.
AAON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AAON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $98.30 | $129.25 | +31.49% |
Mar 02, 2026 | $101.07 | $104.60 | +3.49% |
Nov 06, 2025 | $93.24 | $99.80 | +7.03% |
Aug 11, 2025 | $80.23 | $71.82 | -10.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Aaon Inc (AAON) report earnings?
Aaon Inc (AAON) is schdueled to report earning on Jul 30, 2026, TBA (Confirmed).
What is Aaon Inc (AAON) earnings time?
Aaon Inc (AAON) earnings time is at Jul 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AAON EPS forecast?
AAON EPS forecast for the fiscal quarter 2026 (Q2) is 0.48.