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AAON HVAC Sales Surge on Data Center Demand
28 Jun
Summary
- AAON surpassed revenue and EPS expectations in fiscal Q1 2026.
- BASX brand sales increased 72.4% due to AI infrastructure cooling demand.
- The company's order backlog reached a record $2.13 billion, up 107.4%.
AAON, Inc. experienced a significant upswing following its fiscal Q1 2026 earnings release on May 7, with its stock gaining over 38%. The company reported revenue of $496.94 million, substantially exceeding the expected $383.6 million, and an Earnings Per Share (EPS) of $0.48, surpassing the $0.29 projection.
This strong performance was largely attributed to the BASX brand, which achieved a remarkable 72.4% increase in sales, reaching $228.6 million. This growth is directly linked to the escalating demand for liquid cooling solutions essential for AI infrastructure.
Further bolstering investor confidence, AAON's order backlog reached a record $2.13 billion as of Q1 2026, marking a 107.4% year-over-year increase. A key driver was a 160% surge in data center cooling orders for the BASX brand.
Company executives presented AAON's strategic vision at the William Blair Growth Stock Conference on June 2. They emphasized the company's position as a leading HVAC manufacturer, bolstered by enhanced production capacity, upgraded systems, product innovation, and a robust supply chain.
AAON specializes in manufacturing high-performance, customizable HVAC systems for commercial and industrial applications, including rooftop units, chillers, and specialized data center cooling equipment.
