Back-to-Back Records. Real Share Gains. What Q3 2026 Results Mean For You and Your Customers

The Aaon Group delivered another record quarter, beating our previous record from Q2. Total sales grew 84% year over year, AAON and BASX both reached new highs, and the company raised its full-year outlook. The investments made in capacity, people, and systems keep paying off, and your customers will see it through shorter AAON lead times.

• $707M total Q3 sales for The Aaon Group, up 84% year over year, a company record

• $310M AAON sales, up 20%, a record for the brand

• $397M BASX sales, up 218%, a record for the brand driven by data center demand

• 30%+ AAON volume growth year to date, while industry volume stayed flat

• 68% AAON National Account orders growth year over year

• 72% - 75% expected full-year sales growth for The Aaon Group, raised from the previously forecasted 55% - 60%

How We Got Here
Over the past two years, The Aaon Group built a larger and stronger company:

• Added over 1 million square feet of manufacturing capacity since 2024
• Strengthened leadership with a new CFO, General Counsel, and two independent board directors
• Built professional supply chain management and introduced lean manufacturing expertise
• Modernized IT and manufacturing management systems
• Continued to innovate with AAON Alpha Class and BASX Free Cooling Chiller and other customer-specific solutions

What This Means For You
Share gains you can point to. AAON volume has grown more than 30% this year while the industry has stayed flat. That growth comes from your customers choosing AAON over the competition. AAON bookings grew about 10% year over year, and National Account orders grew 68%.
Lead times keep shrinking. Higher production means AAON equipment gets built and shipped faster. If delivery timing stalled a customer conversation earlier this year, now is the time to bring it back up.
Backlog is dropping on purpose. AAON backlog fell 8% from Q2 because we’re producing and shipping faster than ever. We planned it that way: work through the backlog, shorten lead times, and get equipment to your customers sooner. AAON backlog is still up 18% year over year, and a healthy backlog helps us plan production more efficiently.
Alpha Class keeps opening doors. Alpha Class bookings are up 18% year to date, and the line continues to create new opportunities. Bring it into every heat pump conversation.
A stronger company stands behind every sale. The Aaon Group more than doubled operating income, improved gross margin for the second straight quarter, and significantly strengthened cash flow. That strength pays for the capacity, tools, and support behind your business.

Where We’re Headed
In Q4, The Aaon Group is focused on higher throughput, shorter lead times, and better margins—with bookings expected to stay strong through the end of the year and into 2027. Your effort every day is a big reason the AAON brand is winning share, delivering at record volume, and finishing 2026 stronger than ever.