Generac FY2026 Q3: revenue up 16.2%, EPS beat, $4.5 billion backlog
Generac beat the $2.4763 non-GAAP EPS consensus with $2.54 on record revenue of $1.294779 billion, up 16.2%. The real story is mix: data center orders drove Commercial & Industrial sales up about 28%, while home standby and portable generators pushed Residential back to growth. Read the scorecard for the size of the beat, the guidance section for what management actually committed to, and the balance sheet for the working capital that funded the quarter.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $1.83 versus $1.12 a year ago, and non-GAAP came in at $2.54 against a $2.4763 consensus — a beat of about $0.06, or 2.6%. The gap between GAAP and adjusted is mostly $28.618 million of intangible amortization and $20.169 million of legal, regulatory and warranty provisions. The tax rate jumped to 23.9% from 15.0% because the prior year had favorable discrete items, which matters when comparing EPS across years.
Revenue rose 16.2% to $1.294779 billion from $1.114353 billion, a third-quarter record, with acquisitions, divestitures and currency adding 1% of that. Commercial & Industrial did the heavy lifting at $552.989 million, up about 28%, while Residential grew roughly 9% to $744.098 million. Q2 FY2026 revenue was $1.17351 billion, so this is genuine sequential growth, not just a seasonal round trip.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
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 2026-11-04
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.