AAON Q2 FY26 diluted non-GAAP EPS more than doubled to $0.69 year over year; net sales rose 101.2% to $627 million year over year

AAON posted Q2 2026 GAAP net income of $56.66 million, swinging from strong prior-year growth, while net sales more than doubled to $627 million.

Non-GAAP adjusted EBITDA more than doubled to $94.2 million, with margin edging up 0.1 percentage point to 15%.

BASX-branded net sales climbed 220.7% on robust data center demand, including $126.6 million of liquid cooling equipment.

AAON raised its full-year outlook for sales growth to 55%-60%, while gross margin guidance was cut to 25%-26%.

Gross margin narrowed 2.3 percentage points year over year to 24.3%, citing Memphis ramp, outsourcing, and temporary cost absorption.