NASDAQ$AAON

Aaon Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

AAON reported Q1 2026 net sales of $496.9M and net income of $39.8M, with diluted EPS of $0.48.

For the quarter ended March 31, 2026, AAON net sales rose 54.3% to $496.9 million from $322.1 million a year ago, driven by BASX-branded products (+72.4%). Net income increased to $39.8 million versus $29.3 million; diluted EPS was $0.48 versus $0.35. Gross profit expanded on higher volume across commercial HVAC equipment lines.

  • Net sales $496.9M (+54% YoY); BASX products up $96M year over year.
  • Net income $39.8M (+36%); diluted EPS $0.48.
  • Commercial and industrial HVAC demand remained strong in the quarter.
  • Company continued Longview and Memphis capacity investments.

Headline financials

Total Revenue

$497M

Previous: $322M+54.3%
EPS (adj)

$0.48

Previous: $0.35+37.1%
Capital Expenditures

-$45.1M

Previous: -$46.7M+3.4%
Net Income

$39.8M

Previous: $29.3M+35.9%
Operating Income

$57.1M

Previous: $35.1M+62.5%
Gross Profit

$125M

Previous: $86.4M+44.7%

Revenue & EPS history

Aaon · Revenue · Quarterly

$497M

Q1 2026+54.3%vs Q1 2025
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

The 10-Q discusses order backlog, capacity expansion, and end-market demand without issuing formal quarterly EPS guidance.

Tailwinds

  • Strong top-line growth on BASX and core product lines.
  • Higher net income and EPS year over year.

Headwinds

  • Nonresidential construction indicators remain mixed after prior cyclical peak.
  • Input costs and labor availability can swing margins quarter to quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.9%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.4%

Avg return

30 days after

58%

38 / 65 earnings

Positive

+31.4%

Q1 2026

Best reaction

-22.9%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+31.4%+35.9%+34.9%
Q4 2025+3.5%-12.7%-17.3%
Q3 2025+5.4%+2.0%-12.5%
Q1 2025+5.7%+6.8%+5.5%
Q4 2024-22.9%-26.2%-23.5%
Q3 2024+15.0%+14.5%+14.1%
Q2 2024-3.1%-2.6%+7.9%
Q1 2024-17.0%-16.9%-20.6%
Q4 2023-2.1%-3.9%+2.7%
Q3 2023+1.6%+1.5%+10.5%
Q2 2023-8.0%-9.5%-7.6%
Q1 2023+5.9%-0.9%-6.1%
Q4 2022+11.7%+15.3%+16.3%
Q3 2022+13.6%+18.6%+18.8%
Q2 2022-2.9%+0.1%-6.4%
Q1 2022+4.1%+6.2%+10.7%
Q4 2021-2.3%-7.2%-4.5%
Q3 2021+1.7%+5.5%+9.5%
Q2 2021+8.3%+13.0%+8.3%
Q1 2021+4.0%+2.4%+0.9%
Q4 2020-1.0%-3.8%-7.1%
Q3 2020+6.5%+9.9%+4.7%
Q2 2020-2.3%+0.1%-5.9%
Q1 2020+4.3%+1.3%+24.4%
Q4 2019+3.6%+5.8%-12.9%
Q3 2019-1.1%+0.1%-0.6%
Q2 2019-8.3%-11.5%-5.6%
Q1 2019+3.9%-5.0%-9.0%
Q4 2018-0.7%+2.0%+11.1%
Q3 2018+13.1%+21.4%+10.0%
Q2 2018+2.1%+3.3%+7.7%
Q1 2018-12.3%-9.8%-8.1%
Q4 2017+2.8%-1.0%+9.1%
Q3 2017+0.2%+0.6%+5.7%
Q2 2017+4.3%+3.4%-3.0%
Q1 2017-2.5%-0.5%+0.3%
Q4 2016+0.3%-2.2%+5.4%
Q3 2016-3.5%-0.7%+13.8%
Q2 2016+1.3%+3.5%+10.2%
Q1 2016+9.2%
Q4 2015+11.2%
Q3 2015+11.0%
Q2 2015+3.3%
Q1 2015-5.7%
Q4 2014-2.1%
Q3 2014+2.7%
Q2 2014-1.6%
Q1 2014+6.4%
Q4 2013-5.5%
Q3 2013-8.8%
Q2 2013+5.9%
Q1 2013+5.3%
Q4 2012+2.5%
Q3 2012-4.4%
Q2 2012+4.1%
Q1 2012+0.4%
Q1 2011+0.4%
Q4 2009+5.5%
Q4 2011+5.5%
Q3 2010-2.1%
Q3 2011-2.1%
Q2 2010-14.8%
Q2 2011-14.8%
Q4 2010-14.8%
Q1 2010-4.7%

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