$GNRC · GENERAC HOLDINGS INC.
Generac Holdings reported Q3 FY2026 results: net sales of $1.295B (+16.2% YoY), net income attributable to Generac of $109.2M (+65.1%), GAAP diluted EPS of $1.83, and adjusted EPS of $2.54. Gross margin was 39.9% and operating margin 12.4%. The company reorganized into Residential and Commercial & Industrial (C&I) segments effective March 31, 2026, with prior periods recast.
- Q3 net sales rose 16.2% to $1.295B from $1.114B a year earlier.
- Net income attributable to Generac rose 65.1% to $109.2M from $66.2M.
- C&I segment sales grew 27.7% to $552.1M, driven by data center customer revenue.
- Residential segment sales grew 8.9% to $742.7M.
- Nine-month operating cash flow rose to $411.5M from $248.7M.
Shares rose 3.58% to $209.28 in regular trading, with extended-hours trading at $210.40 (+0.54% vs close), indicating modest continued positive reaction to the strong results.
Generac's accelerating data center-driven C&I growth and 65% profit jump signal strong execution in a high-demand power equipment cycle.
Generac's data center-driven C&I growth mirrors broader power equipment demand tied to AI infrastructure buildouts.
C&I growth is concentrated in data center customers, creating exposure to a single demand cycle; inventory rose to $1.29B and accounts receivable to $846M.