Filing Flows › Aaon (AAON) › Q2 2026
Aaon (AAON) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Aaon (AAON) reported revenue of $627M for the second quarter 2026 (Q2 2026), +101% from a year earlier and +26% from the quarter before. Operating margin was 11.0%, net earnings $56.7M (9.0% of revenue).
Aaon, Q2 2026: revenue $627M (+101% year over year), operating margin 11.0%, net earnings $56.7M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $627M | +26% | +101% |
| Gross profit | $152M | +22% | +84% |
| Operating profit | $68.9M | +21% | +192% |
| Net earnings | $56.7M | +42% | +266% |
| Operating cash flow | $21.0M | -38% | — |
What changed
Revenue was $627.0M in Q2 2026, up 101% year over year and up 26% from the previous quarter. AAON Oklahoma was the largest line at 42% of revenue. BasX added $150.0M year over year (up 221%), 48% of the total change.
Gross margin was 24.3%, down 2.2 points from Q2 2025. Operating profit was $68.9M, a 11.0% margin (up 3.4 points year over year). Of the extra revenue versus Q2 2025, 14% reached operating profit, above the 8% margin then. Operating expenses grew 41% against revenue growth of 101%. Net earnings were $56.7M, up 266% year over year. The effective tax rate was 9.8%.
Operating cash flow was $21.0M, 37% of net earnings. Non-cash charges added back $23.8M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $62.5M. Capital expenditures of $52.2M exceeded it, leaving free cash flow of −$31.2M.
Questions
What was Aaon's revenue in the second quarter 2026?
Aaon (AAON) reported revenue of $627M for the second quarter 2026 (Q2 2026), +101% from a year earlier and +26% from the quarter before.
Was Aaon profitable in the second quarter 2026?
Operating profit was $68.9M (11.0% of revenue) and net earnings $56.7M.
Source: Aaon 10-Q on SEC EDGAR.