Innio earnings rose in the third quarter of 2026, with net income reaching $109.2 million as revenue climbed 57% from a year earlier to $1.17 billion. The power systems company released its results on October 27.

Key Takeaways

  • Quarterly equipment revenue rose 86% year over year to $777.6 million.
  • Adjusted EBITDA reached $245.4 million, with a margin of 21%.
  • Innio’s full-year revenue guidance is $3.9 billion to $4.0 billion.

Innio earnings and equipment sales grow

Third-quarter net revenue was $1,167.9 million, up from $742.7 million a year earlier. Net income increased to $109.2 million from $39.5 million.

Equipment revenue reached a record $777.6 million. Innio also sells services and maintenance for its engines and power systems, which are marketed under the Jenbacher and Waukesha brands.

Adjusted EBITDA rose 70% from a year earlier, faster than revenue. Its margin widened to 21% from 19.4%, indicating that more revenue remained under that measure, which is separate from net income.

Nine-month sales and full-year outlook

Net sales for the first nine months of 2026 were $2.774 billion, compared with $1.896 billion in the same period of 2025. The company’s $3.9 billion to $4.0 billion full-year revenue range is guidance, not a completed result.

Innio reported an $8.0 billion order backlog, up 142% from a year earlier, as it continues to invest in expanding manufacturing capacity.

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