CEO Matt Tobolski attributed the performance to disciplined capital investment and improved manufacturing throughput. While the rapid scaling of facilities, including the Memphis plant, introduced short-term margin pressure, the company’s operating income climbed 192.1% to $68.9 million. Diluted earnings per share reached $0.68, a 257.9% increase over the same period last year.
AAON Reports Record Sales as Data Center Demand Fuels Growth
Tulsa-based HVAC manufacturer AAON shattered quarterly records in the second quarter of 2026, as a 101.2% surge in net sales to $627 million underscored the company's aggressive expansion. Driven by high demand for its BASX-branded data center cooling solutions, the firm successfully scaled production to meet a massive $2 billion backlog.
The BASX division emerged as a primary engine for growth, with sales jumping 216.2% as the company capitalized on sustained infrastructure investment in the data center market. Despite a softer commercial HVAC landscape, the core AAON brand maintained market share through high-performance, custom-engineered products. Management has responded to the quarter’s results by raising its full-year outlook, now projecting annual sales growth between 55% and 60%.
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