Filing Flows › Aaon (AAON) › Q3 2026
Aaon (AAON) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Aaon (AAON) reported revenue of $707M for the third quarter 2026 (Q3 2026), +84% from a year earlier and +10% from the quarter before. Operating margin was 14.1%, net earnings $69.0M (9.7% of revenue).
Aaon, Q3 2026: revenue $707M (+84% year over year), operating margin 14.1%, net earnings $69.0M, operating cash flow $91.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $707M | +10% | +84% |
| Gross profit | $189M | +12% | +76% |
| Operating profit | $100M | +22% | +129% |
| Net earnings | $69.0M | +3% | +124% |
| Operating cash flow | $91.9M | +338% | +650% |
| Free cash flow | $51.1M | — | — |
What changed
Revenue was $707.4M in Q3 2026, up 84% year over year and up 10% from the previous quarter. AAON Oklahoma was the largest line at 40% of revenue. BasX added $156.1M year over year (up 207%), 48% of the total change.
Gross margin was 26.7%, down 1.2 points from Q3 2025. Operating profit was $100.0M, a 14.1% margin (up 2.8 points year over year). Of the extra revenue versus Q3 2025, 17% reached operating profit, above the 11% margin then. Operating expenses grew 40% against revenue growth of 84%. Net earnings were $69.0M, up 124% year over year. The effective tax rate was 26.8%.
Operating cash flow was $91.9M (up 650% year over year), 133% of net earnings. Non-cash charges added back $27.1M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items used $10.4M. Capital expenditures of $40.8M left free cash flow of $51.1M.
Questions
What was Aaon's revenue in the third quarter 2026?
Aaon (AAON) reported revenue of $707M for the third quarter 2026 (Q3 2026), +84% from a year earlier and +10% from the quarter before.
Was Aaon profitable in the third quarter 2026?
Operating profit was $100M (14.1% of revenue) and net earnings $69.0M.
Source: Aaon 10-Q on SEC EDGAR.