AAON Q3 Sales Surge 84% to $707M, Restates H1 Results
Tulsa – November 10, 2026 -- AAON, Inc. reported record third-quarter 2026 net sales of $707.4 million, up 84.1% from $384.2 million a year earlier, and raised its full-year outlook. The company also restated its first- and second-quarter 2026 financial statements and disclosed a material weakness in internal control over financial reporting.
BASX data center demand drives the sales surge
BASX-branded sales rose 218.3% to a record $397.2 million, on data center demand and higher utilization of newly added manufacturing capacity. AAON-branded sales grew 19.6% to a record $310.2 million.
Operating income increased 129.3% to $100.0 million from $43.6 million. Diluted EPS rose 124.3% to $0.83 from $0.37, and non-GAAP adjusted EPS was also $0.83. Year-to-date operating cash flow reached $146.9 million, against a use of $18.8 million a year ago.