Generac Q2 2026: sales up 11.0%, EPS $2.40, but tariff refunds flattered margins
Generac beat sharply on both sales and profit in FY2026 Q2, but roughly $71 million of tariff refunds did much of the work. Revenue rose 11.0% to $1.17 billion and GAAP EPS hit $2.40 against a $2.05 consensus. Read the quarter in two layers: a genuine data center-driven C&I ramp underneath, and a one-time margin windfall on top.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $2.40 more than doubled from $1.25, and adjusted EPS of $2.91 comfortably beat the $2.05 consensus. Adjusted EBITDA reached $291 million, or 24.8% of sales, versus $188 million and 17.7% a year earlier. Keep in mind that about $71 million of pre-tax tariff refunds sat inside all three numbers.
Revenue rose 11.0% to $1.17 billion from $1.06 billion a year ago, with acquisitions, divestitures and currency adding about 2 percentage points of that. C&I external sales jumped 29% to $556.5 million on data center demand, while Residential slipped 2% to $617.0 million on lower energy storage and portable generator shipments. Growth is therefore narrow: one segment is carrying the whole company right now.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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