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Generac Holdings (GNRC)
NYSE:GNRC
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.3Last Year’s EPS
1.26Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted meaningful strategic progress: accelerating momentum in the C&I/data-center market (10% C&I growth in Q4, $400M backlog, pilot relationships with hyperscalers), major capacity investments (domestic capacity to surpass $1B), strong product innovation and ecobee momentum, and a constructive 2026 guidance (mid‑teens revenue growth and higher EBITDA margin). Offsetting these positives were a weak outage environment that depressed residential sales in Q4 (residential -23%, home standby shipments -25%), significant one-time charges in Q4 (≈$120M combined inventory and product liability provisions) that drove a GAAP loss and weaker cash flow, and uncertainty around when large hyperscaler orders will convert from pilots to firm contracts. On balance, the positives — including visible backlog, capacity expansion, product launches, and optimistic 2026 guidance — outweigh the near-term operational and one-time financial headwinds, suggesting constructive upside as execution on hyperscaler contracts and residential recovery materialize.Company Guidance
Strong C&I Momentum and Backlog
Global commercial & industrial (C&I) product sales grew 10% year-over-year in Q4 to $400M (from $363M). Company backlog for data center products increased to approximately $400M, with the majority expected to ship in 2026. Management expects C&I product sales to grow in the +30% range in 2026, and sees a path to doubling C&I sales over the next 3–5 years driven by data center demand.
Progress with Hyperscalers and Strategic Partnerships
Advanced partnerships with multiple hyperscalers progressed to pilot phases (two specific customers), creating incremental visibility for potential significant volumes in 2027–2028 and the possibility of orders in 2026. Company strengthened relationships with co-locators and is a preferred supplier to two co-locators.
Capacity Expansion for Large Megawatt Generators
Purchased an additional manufacturing facility in Wisconsin and invested in existing C&I facilities; expect domestic manufacturing capacity for large megawatt generators to surpass $1.0B by Q4 2026 (up from prior capacity levels). Management indicates additional global capacity beyond the domestic $1.0B figure.
New Product Introductions and Ecosystem Growth
Launched multiple innovations in 2025, including large megawatt generators, next-generation home standby (first 28 kW air-cooled unit), PWRcell 2 energy storage, and PowerMicro microinverter. Ecobee connected-home count grew to ~5 million residences and ecobee generated record net sales for the full year with positive EBITDA contribution for 2025.
International Margin Expansion
International core total sales increased (Q4 +5% ex-FX) and International adjusted EBITDA margin expanded to a record 16.1% in Q4 (up from 12.0% prior-year quarter). Full-year International sales increased 7% and full-year International adjusted EBITDA margin improved to 15.1% (from 13.2%).
2026 Financial Outlook with Revenue and EBITDA Growth
Company initiated 2026 guidance calling for consolidated net sales to increase mid-teens year-over-year, residential net sales to grow ~+10%, C&I net sales to grow ~+30%, and adjusted EBITDA margin to increase to ~18%–19% (from 17% in 2025). At the midpoint, management expects ~25% increase in EBITDA dollars in 2026 vs 2025.
Capital Allocation and Balance Sheet Actions
Repurchased ~1.11M shares for $148M in 2025 and the Board approved a new $500M repurchase authorization. Total debt ended Q4 at $1.33B with gross debt leverage ~1.9x, inside target gross leverage range of 1.0–2.0x adjusted EBITDA.
Resilient Residential Capability and Dealer Expansion
Residential dealer network grew to over 9,400 dealers (≈+300 dealers YoY). New lead distribution system showed promising early results during Winter Storm Fern, improving dealer connection rates and lead conversion in elevated demand scenarios.
GNRC 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
GNRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $182.30 | $214.99 | +17.93% |
Oct 29, 2025 | $190.15 | $180.86 | -4.89% |
Jul 30, 2025 | $151.32 | $181.00 | +19.61% |
Apr 30, 2025 | $113.24 | $114.38 | +1.01% |
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 Generac Holdings (GNRC) report earnings?
Generac Holdings (GNRC) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is Generac Holdings (GNRC) earnings time?
Generac Holdings (GNRC) earnings time is at May 06, 2026, Before Open (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 GNRC EPS forecast?
GNRC EPS forecast for the fiscal quarter 2026 (Q1) is 1.3.
