Innio Reports Record Q3 2026 Revenue of $1.2 Billion Driven by Data Center Demand
Innio (INIO) achieved a historic milestone in the third quarter of 2026, reporting revenue of $1.2 billion, a 57% increase year-over-year. This growth was primarily propelled by the data center segment, which accounted for 60% of equipment revenue as companies seek behind-the-meter power solutions to bypass lengthy grid connection delays. The company's profitability saw a massive surge, with net income rising 176% to $109.2 million and Adjusted EBITDA increasing 70%. This performance was supported by an 86% jump in equipment revenue and a significant expansion of the order backlog, which now stands at $8.0 billion, providing multiyear visibility for future operations. Following these results, Innio raised its full-year 2026 revenue guidance to a range of $3.9 billion to $4.0 billion. Management also increased its Adjusted EBITDA outlook by $60 million at the midpoint, reflecting strong operating leverage and improved pricing power within their growing backlog.
Topics: Data Center Market Guidance Raise Net Income Order Backlog Revenue Growth