Generac Holdings (GNRC) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Generac published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Generac reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted EPS (non-GAAP), which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Effective March 31, 2026 Generac reorganized its reportable segments from Domestic and International into Residential and Commercial & Industrial, and recast prior periods. Segment rows here are external net sales, which exclude intersegment sales and add up to total net sales.
• On September 16, 2026 Generac issued Amazon a warrant for up to 1,693,745 shares as part of a long-term supply agreement for data center backup generators. Its fair value is recognized as a reduction of revenue from Amazon as the products are delivered.

Source: Generac Q3 2026 results (Form 8-K, Exhibit 99.1), October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Generac splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Generac's Residential revenue was $743 million in Q3 2026, up 9% from $682 million in Q3 2025, 57% of total revenue.
• Generac's Commercial & Industrial revenue was $552 million in Q3 2026, up 28% from $432 million in Q3 2025, 43% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Generac said:

“The Company is maintaining its full-year 2026 net sales growth guidance in the mid-to-high teens percent range as compared to the prior year, including an approximate 2% favorable impact from the net effect of foreign currency, acquisitions, and divestitures.”

“Additionally, the Company is maintaining its guidance for net income margin, before deducting for non-controlling interests, of approximately 9.0 to 10.0% for the full-year 2026.”

“The corresponding adjusted EBITDA margin guidance is now expected to be approximately 20.5 to 21.0% as compared to the previous guidance range of approximately 20.0 to 21.0%.”

Source: Generac Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the GNRC forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net sales and diluted net income per share attributable to Generac, each as first reported in that quarter's earnings release.

We do not hold a confirmed date for Generac's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

Generac's net sales rose 16% to a record $1,294.8 million in Q3 2026, from $1,114.4 million. Residential external net sales were $742.7 million and Commercial & Industrial $552.1 million. Acquisitions, divestitures and foreign currency added a net 1% to growth. (Generac Q3 2026 earnings release, Oct 28, 2026; Generac Form 10-Q, Q3 2026, Nov 3, 2026)

Residential covers automatic home standby generators ranging in output from 7.5kW to 150kW, portable generators, residential energy storage systems and energy management devices, sold mainly through independent dealers and retailers. Residential total sales grew about 9% to $744.1 million, driven by home standby and portable generators and partly offset by lower shipments of energy storage systems. CEO Aaron Jagdfeld tied the generator increase to mega-trends around lower power quality. (Generac Form 10-Q, Q3 2026, Nov 3, 2026; Generac Q3 2026 earnings release, Oct 28, 2026)

Commercial & Industrial total sales grew about 28% to $553.0 million, about 4 points of it from the net effect of deals and currency. Generac said core growth came mainly from ramping revenue from products sold into the global data center market, while shipments to domestic industrial distributors and telecom fell. It bought Allmand in January 2026 and Enercon Engineering in April 2026. (Generac Q3 2026 earnings release, Oct 28, 2026; Generac Form 10-Q, Q3 2026, Nov 3, 2026)

Generac's backlog for products sold to the data center market has grown to approximately $4.5 billion, according to the CEO. That includes a long-term agreement with Amazon to supply backup power generators for Amazon data centers, with initial deliveries expected to total a combined $2.4 billion in 2027 and 2028. (Generac Q3 2026 earnings release, Oct 28, 2026)

Generac's GAAP diluted EPS was $1.83 in Q3 2026, against $1.12 a year earlier, and adjusted EPS was $2.54, against $1.83. The adjustments add back $28.6 million of intangible amortization, $20.2 million for legal, regulatory and other matters (including $14.3 million of clean energy warranty related matters) and a $3.0 million change in the fair value of investments, net of a $13.8 million tax effect. (Generac Q3 2026 earnings release, Oct 28, 2026)

Gross margin rose to 39.9% from 38.3%, which Generac attributed to favorable price/cost impacts including lower tariff costs. Operating expenses increased $31.6 million, or 10%, for C&I growth investments, marketing and incentive compensation. The effective tax rate rose to 23.9% from 15.0% because the year-ago quarter had favorable discrete tax items. (Generac Q3 2026 earnings release, Oct 28, 2026)

Generac bought back no shares in the first nine months of 2026, after repurchasing 1,109,206 shares for $147.9 million in the same period of 2025. Diluted weighted average shares were 59,562,737, against 59,122,849. (Generac Form 10-Q, Q3 2026, Nov 3, 2026; Generac Q3 2026 earnings release, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Generac gives a full-year outlook, not a quarterly one. In the Q3 2026 release it kept full-year 2026 net sales growth in the mid-to-high teens percent range, including about 2% from currency, acquisitions and divestitures, and kept net income margin guidance at approximately 9.0 to 10.0%. (Generac Q3 2026 earnings release, Oct 28, 2026)

Generac narrowed its 2026 adjusted EBITDA margin guidance to approximately 20.5 to 21.0%, from a previous range of approximately 20.0 to 21.0%. Q3 2026 adjusted EBITDA margin was 19.8%. (Generac Q3 2026 earnings release, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover Generac, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Generac's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning GNRC is on is GNRC a buy or a sell?, what analysts expect next is on the GNRC forecast, and what the company does is on the Generac Holdings (GNRC) stock page.

Every number on this page can be traced to a document Generac published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.