AAON, Inc. provided its financial outlook for the full year 2026 during a presentation at the William Blair Growth Stock Conference. The company projects significant sales growth, driven primarily by strong demand for its BASX brand products in the rapidly expanding data center market. This guidance is supported by a record order backlog of $2.13 billion as of the end of the first quarter of 2026.
Key Details
- 2026 Financial Guidance: The company projects annual sales growth of 40% to 45%, a gross margin between 27% and 28%, and SG&A expenses of 14% to 15% of sales.
- Record Backlog: As of Q1 2026, the company's backlog reached a record $2.13 billion. The BASX brand backlog grew to $1.62 billion, a 160% year-over-year increase, reflecting surging demand from data center customers.
- Data Center Focus: AAON is capitalizing on the data center market's shift to liquid cooling and is expanding its BASX production capacity, which is expected to support over $2 billion in future revenue.