AAON reported record second-quarter 2026 net sales of $627.0 million, up 101.2%, with operating income of $68.9 million and diluted EPS of $0.68, versus $0.19 a year earlier. The company raised its 2026 sales growth outlook to 55%-60% but lowered its gross margin outlook to 25%-26%, from 27%-28%, citing ramp costs and inflation, which matters to shareholders because margins are narrowing even as volume grows.
Operating income rose 192.1% to $68.9 million; diluted EPS was $0.68 versus $0.19 in Q2 2025.
Gross profit margin was 24.3%, down from 26.6% a year earlier; the Memphis facility overhead cost $18.1 million in the quarter.
2026 sales growth outlook raised to 55%-60% from 40%-45%; gross margin outlook cut to 25%-26% from 27%-28%.
Total backlog was $1.97 billion at June 30, 2026, down 7.4% from $2.13 billion at March 31, 2026.
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From AAON's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$1.44B
+20.1%
$1.29
-36.1%
7.5%
FY2024
$1.20B
+2.7%
$2.02
-5.2%
14.0%
FY2023
$1.17B
+31.5%
$2.13
+71.8%
15.2%
FY2022
$888.79M
+66.3%
$1.24
+69.9%
11.3%
FY2021
$534.52M
+3.9%
$0.73
-51.0%
11.0%
Frequently asked questions
When is AAON's next earnings date?
AAON (AAON) is scheduled to report on Monday, November 09, 2026 after the market closes. Analysts expect EPS of $0.56.
What did AAON earn last quarter?
For the quarter ended Jun 2026, AAON reported diluted EPS of $0.68 (+257.9% year over year) on revenue of $626.98M (+101.2%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.