AAON Reports Record Q3 2026 Sales Driven by Data Center Demand and BASX Growth
AAON, Inc. (AAON) reported exceptional third-quarter 2026 financial results, headlined by net sales of $707.4 million, an 84.1% increase year-over-year. This surge was primarily fueled by the BASX brand, which saw revenue jump 218.3% due to massive demand for data center cooling infrastructure. The company also raised its full-year 2026 sales guidance to a range of 72% to 75% growth. Despite the strong top and bottom-line performance, management disclosed a material weakness in internal controls over financial reporting. This led to a $10.7 million restatement after accounting errors caused first-half 2026 revenue to be understated. Additionally, while operating income rose significantly, gross margins faced year-over-year pressure due to a shift in product mix toward the higher-growth but lower-margin BASX brand.
Tickers: $AAON
Topics: Data Center Cooling Financial Guidance HVAC Revenue Growth