NN Inc Raises 2026 New Business Wins Guidance to $80–$90M After $43M Q1 Awards
NN Inc forecasts Q1 net sales growth above its forecast, driven by a shippable backlog from 60+ new programs. The company secured $43 million in Q1 awards and raised 2026 new business wins guidance to $80–$90 million while maintaining net sales guidance toward the top of $445–$465 million.
1. Preliminary Q1 2026 Sales Growth
NN Inc expects Q1 net sales to exceed prior forecasts, reflecting growth versus last year. Management attributes the outperformance to strong order intake and a shippable backlog built from newly launched programs.
2. $43 Million in New Business Awards
The company secured approximately $43 million in new awards at peak annual sales, primarily in Electric Grid and Data Center markets. This shift underscores NN’s strategy to expand high-value segments and reduce exposure to commodity automotive.
3. 2026 Guidance Raised
Based on Q1 momentum and a strong start to Q2, NN raised its full-year new business wins guidance to $80–$90 million. Net sales guidance of $445–$465 million remains unchanged, with expectations to finish in the top half of the range.
4. New Program Launches and Backlog
Over 60 new programs launched in Q1 have generated a shippable backlog as orders outpaced production. This backlog is positioned to drive net sales growth and margin expansion through 2026 and beyond.