Generac Reports Record Q3 2026 Net Sales Driven by Data Center Demand and Amazon Agreement
Generac Holdings Inc. (GNRC) achieved record quarterly net sales of $1.29 billion, a 16% increase year-over-year. Growth was primarily fueled by the Commercial & Industrial (C&I) segment, which saw a 28% rise in sales due to surging demand from the global data center market. A significant catalyst for future growth is a new long-term supply agreement with Amazon, expected to deliver $2.4 billion in backup power generators during 2027 and 2028. The company's data center backlog has nearly tripled to $4.5 billion in the last 90 days. While residential segment sales grew by 9% due to increased home standby generator shipments, management noted that higher interest rates continue to impact solar and storage product demand. Despite these headwinds, Generac raised its full-year adjusted EBITDA margin guidance and expects data center revenue to exceed $2 billion in 2027 as production capacity triples.
Topics: Amazon Partnership Data Center Market EBITDA Net Sales Revenue Guidance