Generac reported third-quarter 2026 net sales of $1.29 billion, up 16%, and adjusted EBITDA of $256 million. Its Amazon agreement calls for $2.4 billion of initial deliveries in 2027 and 2028, while data center backlog reached approximately $4.5 billion.
Generac Holdings Inc. reported third-quarter net sales of $1.29 billion, up 16%. Its Amazon agreement targets $2.4 billion in deliveries in 2027 and 2028, while adjusted EBITDA margin guidance rose to a 20.5 to 21.0% range.
TL;DR.Generac posted record Q3 sales, higher margins and free cash flow, raised its adjusted EBITDA margin and free cash flow outlook, and entered an Amazon data-center agreement that lifted backlog to approximately $4.5 billion. Residential returned to growth while 2026 data-center revenue guidance rose to nearly $500 million, supporting expectations above $2 billion in 2027 and a path to double C&I, although energy-storage weakness, lower industrial and telecom shipments, expected gross-margin moderation and trade-policy risks remain headwinds.
Bullish
+Raised full-year 2026 adjusted EBITDA margin guidance to 20.5% to 21% from 20% to 21%.
+Raised full-year 2026 free cash flow guidance to approximately $450 million.
Bearish
−Residential energy-storage shipments declined, and higher interest rates and a challenging policy environment continued to weigh on solar and storage demand.
−Domestic industrial-distributor shipments declined year over year, and telecom shipments slowed as customers reduced deployment backlogs.
−Most gross margins are expected to moderate sequentially to 37% to 38% because of data-center sales mix and inflationary pressure.
−Potential tariffs, trade restrictions and other unfavorable trade actions remain material risks.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment advice
Overall
Sell
SellHoldBuy
TechnicalNeutralMomentumWeakSentimentNeutralFundamentalsWeakQuant / VolVery High
410 of 1,012 funds reported for Sep 30 · net -153.4K sh shares · +36 new
Insider flowFlat
No net insider activity over 90 days
Short interestRising
4.81% of shares out · ▲ +10.1% MoM · 2.5 days cover
Volume signalReversal watch
High volume on a down day — possible exhaustion
Institution breadthMulti-yr high
1,012 holders — near 3-yr high, broad support
Squeeze score57
elevated · 0–100
Fundamentals
Weak
Revenue growth−2%
Y/Y
Gross margin38%
contracting
EPS growth−50%
Y/Y
Free cash flow$268.1M
ValuationP/E 41.4
rich
Buyback$199.3M
remaining
Balance sheet$941.0M
net debt
Quant / Vol
risk profile
Very High
Volatility58%
annualized · 1-yr
Max drawdown−41%
past year
ATR6.3%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
what management promised — and delivered
Latest guidance
· from the Earnings Call filed Jul 29, 2026
Data center-related revenue
· full year 2026$450M
Interest expense
· full year 2026
Raised
$65M – $69M
Mar 31, 2026$65M→changed toJul 29, 2026$65M – $69M
Depreciation expense
· full year 2026
Maintained
$108M – $112M
Mar 31, 2026$108M – $112M→changed toJul 29, 2026$108M – $112M
Intangible amortization expense
· full year 2026$118M – $122M
Compensation expense
· full year 2026
Maintained
$54M – $58M
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Industrial Machinery — same industry group
Dividends per share over the trailing 365 days by ex-date · buyback figures as last
reported in SEC filings ("spent" derived as authorized − remaining; when several
programs run concurrently, authorized is their combined total per the newest filing) ·
components shown separately — trailing-year buyback spend isn't tracked, so no
combined shareholder yield is derived.
