The earnings call reflected a strong performance in sales growth, margin improvement, and strategic expansions, particularly in the data center segment. However, challenges remain in certain C&I markets and the residential solar market due to policy changes. The overall sentiment is positive, with a forward-looking perspective on growth opportunities and strategic investments.

Company Guidance -

Q3 2025

In the second quarter of 2025, Generac Holdings, Inc. reported strong financial performance, surpassing expectations due to increased commercial and industrial (C&I) product sales and residential energy storage systems. Net sales rose by 6% year-over-year to $1.06 billion, with residential sales up 7% and C&I sales increasing by 5%. Adjusted EBITDA margins improved to nearly 18%, driven by a 170 basis point expansion in gross margins. The company narrowed its full-year net sales growth assumption and raised the low end of its adjusted EBITDA margin guidance, reflecting improved operational leverage and favorable pricing dynamics. Generac also highlighted the launch of its large megawatt generators for data centers, contributing to a growing global backlog exceeding $150 million. Additionally, they continue to focus on optimizing their supply chain and cost reduction initiatives to offset tariff impacts, while also advancing new product developments and expanding their dealer network.

Record Sales and Revenue Growth

Overall net sales increased 6% year-over-year to $1.06 billion for the quarter, driven by a 7% increase in residential product sales and a 5% increase in C&I product sales.

Improved Gross and EBITDA Margins

Gross margins expanded by 170 basis points to 39.3%, leading to adjusted EBITDA margins increasing to nearly 18%.

Strong Performance in Data Center Segment

The global backlog for data center products grew to more than $150 million, with shipments expected to begin in the second half of the year.

Growth in Energy Storage and Ecobee Sales

Shipments of energy storage systems increased significantly, and ecobee sales had a record quarter, contributing to a positive EBITDA for the first half of 2025.

Expanding Dealer Network

The company ended the quarter with roughly 9,300 industrial dealers, an increase of approximately 400 over the prior year.

Revised Full-Year Guidance

Full-year adjusted EBITDA outlook increased at the midpoint of the guidance range, with expectations of over $400 million in free cash flow for fiscal 2025.

Generac Holdings (GNRC) Earnings, Revenues Date & History

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GNRC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	2.25 / -	2.25	―	―	―
Jul 30, 2025	2025 (Q2)	1.32 / 1.65	1.35	22.22% (+0.30)	―
Apr 30, 2025	2025 (Q1)	0.98 / 1.26	0.88	43.18% (+0.38)
Feb 12, 2025	2024 (Q4)	2.53 / 2.80	2.07	35.27% (+0.73)
Oct 31, 2024	2024 (Q3)	1.95 / 2.25	1.64	37.20% (+0.61)
Jul 31, 2024	2024 (Q2)	1.20 / 1.35	1.08	25.00% (+0.27)
May 01, 2024	2024 (Q1)	0.76 / 0.88	0.63	39.68% (+0.25)	―
Feb 14, 2024	2023 (Q4)	2.09 / 2.07	1.78	16.29% (+0.29)	―
Nov 01, 2023	2023 (Q3)	1.55 / 1.64	1.75	-6.29% (-0.11)	―
Aug 02, 2023	2023 (Q2)	1.16 / 1.08	2.99	-63.88% (-1.91)	―

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

GNRC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 30, 2025	$113.24	$114.38	+1.01%
Feb 12, 2025	$141.74	$152.45	+7.56%
Oct 31, 2024	$165.15	$165.55	+0.24%
Jul 31, 2024	$155.57	$155.68	+0.07%

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.