INNIO N.V. Ordinary Shares

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

INNIO reported record Q3 2026 revenue of $1.2 billion, up 57% YoY and its first-ever $1 billion-plus quarter, with net income up 176% to $109.2 million and Adjusted EBITDA up 70% to $245.4 million (21% margin). Equipment revenue surged 86% to $777.6 million on data center deliveries, while Services revenue grew 20% to $390.3 million. Equipment Order Backlog hit a record $8.0 billion, up 142% YoY, providing multi-year revenue visibility. The company raised FY2026 guidance to $3.9-$4.0 billion revenue (from $3.8-$3.9 billion) and $780-$800 million Adjusted EBITDA (from $720-$740 million), citing AI/data center demand. Watch items: YTD net income fell to $83.3 million from $136.9 million on $93.6 million of IPO-related costs and sharply higher interest expense, and the company disclosed material weaknesses in internal control over financial reporting in its risk factors.

•13d ago

Follow-on Order Brings Orders from INNIO Data Center Customer to 1.72 GW, Further Strengthening INNIO’s Data Center Backlog and Revenue Visibility

INNIO received a 620 MW follow-on order from a leading U.S. mega-scale data center developer, lifting cumulative orders from this customer to approximately 1.72 GW following the 1.1 GW order announced in July 2026. All 620 MW will ship as containerized Jenbacher J624 solutions, and the equipment order was booked in September 2026; the customer's name is undisclosed under customary data center confidentiality practices. The customer also signed a long-term full maintenance agreement covering the first 500 MW of previously ordered capacity, extending INNIO's recurring services revenue through a major overhaul lifecycle.

•18d ago

INNIO and Aggreko Extend Strategic Partnership Through 2031, Securing Long-Term Engine Capacity to Meet Growing Global Power Demand

INNIO extended its strategic partnership with Aggreko through 2031, securing long-term engine capacity commitments and added order visibility. Under the agreement, INNIO will provide a minimum of 450 MW of Jenbacher Type 4 engine capacity in 2027, with the partnership expanding to include the larger J620 engine from 2028, plus a multi-year service agreement covering Aggreko's existing INNIO fleet. The deal targets fast-growing decentralized power demand from data centers and industrial applications amid grid constraints.

•1mo ago

INNIO Completes Acquisition of Enerflex APAC Aftermarket Operations

INNIO N.V. completed its acquisition of Enerflex Ltd.'s aftermarket business operations in Australia, Thailand, and Indonesia. The acquired business spans three countries and eight locations, adding workshop facilities, an experienced workforce, and long-term service agreements with major oil and gas companies in the region. The deal strengthens INNIO's high-margin, recurring-revenue services presence in APAC; no financial terms were disclosed.

•1mo ago

INNIO Receives Credit Rating Upgrades and Reaffirms Financial Policy to Support Profitable Growth

INNIO received credit rating upgrades from both Moody's and Fitch. Moody's lifted its Corporate Family Rating one notch to Ba3 from B1 with a positive outlook, while Fitch raised the Long-Term Issuer Default Rating two notches to BB from B+ with a stable outlook and upgraded the senior secured rating to BB+ from B+. The agencies cited INNIO's strong operating performance and cash flow generation, favorable end-market demand, and a growing installed base underpinning service revenues, alongside a conservative financial policy following the June 2026 IPO. INNIO reaffirmed a financial policy targeting net leverage below 2.0x over the medium term, with flexibility for selective, value-accretive M&A that could temporarily lift pro forma net leverage to 2.5x. The company prioritizes reinvestment and deleveraging and does not intend to pay cash dividends in the near term.

•1mo ago

INNIO Secures 450 MW Order to Power Next-Generation Data Centers

INNIO N.V. (Nasdaq: INIO) secured a firm 450 MW order from a U.S. energy company for Jenbacher J624 containerized gas engines that will deliver behind-the-meter prime power for large-scale data center projects in North America. The order was booked in the company's current third quarter of 2026. The engines are expected to be delivered by 2028, and the customer's name is being withheld under customary data-center confidentiality practices. The release notes this is the customer's first order of this scale. The win underscores how AI-driven electricity demand and constrained grid infrastructure are pushing data center developers toward on-site power solutions — a secular trend INNIO is positioning its high-efficiency gas engine portfolio to capture.

•1mo ago

INNIO Expands Waukesha Site to Meet Growing Demand for Decentralized Energy Solutions in the U.S.

INNIO plans to invest more than $300 million to expand its Waukesha, Wisconsin facility, adding new engine assembly capabilities and an 80,000 square foot testing facility. The expansion is expected to create more than 500 jobs and aims to support growing U.S. demand for decentralized energy solutions, specifically in the data center market. This capital expenditure will strengthen local production and testing capabilities, helping to reduce lead times and increase operational flexibility.

•2mo ago

INNIO Awarded EcoVadis Platinum Medal for Fifth Consecutive Year

INNIO N.V. was awarded the EcoVadis Platinum Medal for sustainability, placing the company in the top 1% of assessed organizations. This marks the fifth consecutive year INNIO has achieved Platinum status, following improvements to its sustainability management system and policies. Vice President of Sustainability Marcin Kawa attributed the achievement to the company's consistent delivery on commitments and the dedication of its teams.

•3mo ago

INNIO wins 1.1 Gigawatt Gas Engine Order for Major Data Center Campus

INNIO secured a landmark 1.1 GW equipment order for Jenbacher J624 engines from a mega-scale data center developer, marking one of the largest orders in company history. The order, booked in Q2 2026, comprises more than 200 engines and will deliver behind-the-meter prime power across the U.S., providing multi-year revenue visibility through phased deliveries. Management emphasized that the contract validates accelerating demand for independent, on-site power solutions capable of supporting rigorous AI data center load profiles.

•3mo ago

INNIO Group Reports Second Quarter 2026 Financial Results

INNIO reported its first earnings as a public company, delivering Q2 revenue of $937.7 million, up 42% year-over-year, driven by a record $2.3 billion in equipment order intake. The equipment order backlog soared 279% YoY to $6.6 billion, providing visibility into 2030 and fueled by AI infrastructure buildout, including a landmark 1.1 GW order for a data center. Management initiated FY26 guidance for total revenue of $3.8B-$3.9B and Adjusted EBITDA of $720M-$740M, reflecting confidence despite GAAP net losses due to $81.2 million in IPO-related costs.

•3mo ago