$INIO · INNIO N.V.
INNIO N.V. reported Q3 2026 results with record revenue of $1.17B (+57% YoY), its first $1B+ quarter. Equipment revenue rose 86% to $777.6M on data center deliveries; Services grew 20% to $390.3M. Net income reached $109.2M ($0.15 diluted EPS) vs $39.5M ($0.05) a year ago. Adjusted EBITDA hit $245.4M (+70% YoY) with 21.0% margin. The company raised FY2026 guidance: revenue to $3.9–$4.0B and Adjusted EBITDA to $780–$800M.
- Revenue hit a record $1.17B, up 57% YoY — the first $1B+ quarter in company history.
- Equipment revenue surged 86% YoY to $777.6M, driven by data center deliveries.
- Equipment order backlog reached $8.0B, up 142% YoY from $3.3B.
- Net income jumped 176% YoY to $109.2M; diluted EPS of $0.15 vs $0.05 a year ago.
- Full-year 2026 revenue guidance raised by $100M to $3.9–$4.0B; Adjusted EBITDA raised by $60M to $780–$800M.
Extended-hours trading shows INIO at $17.71, up 6.49% vs the regular-session close of $16.63, reflecting strong positive reaction to the record quarter and guidance raise. The $12.47B market cap company delivered its first $1B+ revenue quarter with accelerating backlog conversion.
INNIO's first billion-dollar revenue quarter, 142% backlog surge, and raised guidance confirm it is scaling into AI-driven data center demand at an accelerating pace.
INNIO's data-center-driven equipment orders ($6.1B YTD intake) and 1.2 GW quarterly power delivered underscore the AI-infrastructure demand tailwind. The 620 MW follow-on order and 450 MW Liberty Energy deal position INNIO as a direct beneficiary of hyperscaler and behind-the-meter power buildouts.
Interest expense and related financing costs rose to $46.9M in Q3 2026 from $34.9M in Q3 2025, and $170.6M year-to-date vs $84.9M — a near-doubling that partially offsets operating gains. Inventory ballooned to $1.08B from $601.2M at year-end 2025, signaling working-capital risk if demand slows.