INNIO Reports Record Third Quarter 2026 Financial Results with Revenue Up 57%, Net Income Up 176% and Adjusted EBITDA Up 70%; Raises 2026 Full-Year Guidance
Key Highlights
- ➤Q3 revenue $1.2 billion, up 57% year-over-year, first billion-dollar quarter
- ➤Q3 net income $109.2 million, up 176% year-over-year
- ➤Adjusted EBITDA $245.4 million, up 70%, with 21% margin
- ➤2026 revenue guidance raised to $3.9-$4.0 billion from $3.8-$3.9 billion
- ➤Equipment order backlog reached $8.0 billion, up 142% year-over-year
Expert Statements
Dr. Olaf Berlien, President and CEO of INNIO
“INNIO delivered a record quarter, exceeding $1 billion in revenue for the first time and achieving a 21% Adjusted EBITDA margin. With more than $6 billion in Equipment Order Intake year-to-date, we are scaling capacity to meet accelerating demand, particularly for AI infrastructure. Every engine we deliver supports profitable growth today and creates high-margin Services opportunities for decades to come”
Dr. Dennis Schulze, CFO of INNIO
“Equipment margins improved again this quarter as deliveries increased, while Services continued to deliver strong profitability. At the same time, we continue to invest in manufacturing capacity to support future growth. Based on our performance and outlook, we are raising our full-year revenue and Adjusted EBITDA guidance”
Third Quarter 2026 Financial Highlights * Record Revenue: $1.2 billion, up 57% year-over-year, marking the first $1 billion-plus revenue quarter in INNIO’s history * Equipment Growth: Equipment revenue increased 86% year-over-year to $777.6 million, reflecting disciplined backlog execution and large-scale data center deliveries * Services Growth: Services revenue reached $390.3 million, up 20% year-over-year, supported by the Company’s growing installed base * Continued Order Momentum: Equipment Order Intake reached $2.2 billion, up 10% year-over-year, with broad-based momentum across Data Center and Compression * Equipment Order Backlog: $8.0 billion, up 142% year-over-year, further increasing multi-year revenue visibility * Net income: $109.2 million in Q3 2026, compared with $39.5 million in Q3 2025 * Strong Profitability: Adjusted EBITDA(1) increased 70% year-over-year to $245.4 million, with growth outpacing revenue while INNIO continued to invest in manufacturing capacity * Raised Fiscal Year 2026 outlook: Total Revenue guidance raised by $100 million to $3.9 - $4.0 billion and Adjusted EBITDA(2) guidance raised by $60 million to $780 - $800 million MUNICH, Oct. 27, 2026 (GLOBE NEWSWIRE) -- INNIO N.V. (Nasdaq: INIO), a leading global distributed energy solutions provider, today reported financial results for the third quarter ended September 30, 2026. INNIO delivered record quarterly revenue of $1.2 billion, an increase of 57% year-over-year. Net income in Q3 2026 was $109.2 million, compared to $39.5 million in the prior-year period, increasing 176% year-over-year. Adjusted EBITDA rose 70% to $245.4 million, with a margin of 21%, as increased Equipment deliveries and improved margins demonstrated progress in converting backlog into profitable growth. Based on its year-to-date performance, INNIO raised its fiscal 2026 outlook for Total Revenue to $3.9 to $4.0 billion, up from $3.8 to $3.9 billion and for Adjusted EBITDA to $780 - $800 million, up from $720 to $740 million.
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