The raised guidance and strong data center momentum are catalysts for further upside. Monitor upcoming hyperscale customer approvals and Q2 2026 results for confirmation of the 30% C&I growth trajectory. The stock is likely to react positively in the near term.
Price Chart
Executive Summary
Generac reported a strong Q1 2026 beat, with adjusted EPS of $1.80 (35% above consensus) and revenue of $1.06B (+12% YoY), driven by 28% growth in Commercial & Industrial sales from data center customers. The company raised its full-year 2026 guidance for both revenue (now mid-to-high teens growth) and adjusted EBITDA margin (18.5-19.5%), citing growing backlog, acquisitions, and operational leverage.
Key Financial Metrics
Key Facts
- Q1 2026 net sales $1.06B, +12% YoY vs $942M
- Adjusted net income $106M, or $1.80 per share vs $1.26 a year ago and vs consensus $1.33
- GAAP net income $73M, or $1.24 per share, vs $44M or $0.73
- Adjusted EBITDA $193M, margin 18.3% vs 15.9% in Q1 2025
- C&I segment sales +28% to $510M, driven by data center customers
- Residential segment sales +1% to $549M
- Free cash flow $90M, up from $27M a year ago
- Full-year 2026 guidance raised: net sales growth mid-to-high teens, adjusted EBITDA margin 18.5-19.5%
- Completed acquisitions of Allmand (Jan) and Enercon (Apr) to bolster C&I capabilities
Financial Impact
Adjusted EPS of $1.80 beat consensus $1.33 by $0.47 (35%); revenue beat by $9M; guidance raised for both top-line and margin.
Risk Factors
- Residential sales growth is only 1% and remains dependent on power outage activity
- Gross margin slightly declined to 38.7% from 39.5% due to mix shift to lower-margin C&I
- Tariff impact not included in guidance; potential headwind if tariffs increase
- Integration risks from recent acquisitions (Allmand, Enercon)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-013726 |
| Exhibit: ex_952512.htm | 0001437749-26-013726 |
| Document: gnrc20260428_8k.htm | 0001437749-26-013726 |
| Document: 0001437749-26-013726-index-headers.html | 0001437749-26-013726 |
| Document: 0001437749-26-013726-index.html | 0001437749-26-013726 |
| Document: 0001437749-26-013726.txt | 0001437749-26-013726 |
| 8-K Data (Synthetic) | 0001437749-26-013726 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 22d ago | Insider Cluster | $181.67 $207.23 | ▲ +14.07% | ▲ +14.57% | $217.41 (+19.68%) |
Aug 10, 2026 7w ago | Insider Cluster | $215.86 $211.56 | ▼ −1.99% | ▼ −1.59% | $217.41 (+0.72%) |
Aug 6, 2026 8w ago | Insider Cluster | $210.00 $216.66 | ▼ −3.17% | ▼ −1.96% | $217.41 (−3.53%) |
Aug 5, 2026 8w ago | 144 | $217.41 $221.90 | ▲ +2.07% | ▲ +1.71% | $217.41 (+0.00%) |
Jul 29, 2026 9w ago | Press Release | $195.19 $217.41 | ▲ +11.38% | ▲ +5.86% | $217.41 (+11.39%) |
Jul 15, 2026 11w ago | Press Release | $226.58 $213.42 | ▼ −5.81% | ▼ −4.83% | $217.41 (−4.04%) |
Jul 7, 2026 12w ago | Insider Cluster | $236.61 $225.12 | ▼ −4.86% | ▼ −5.72% | $217.41 (−8.11%) |
Jul 6, 2026 12w ago | 144 | $257.81 $233.94 | ▼ −9.26% | ▼ −9.75% | $217.41 (−15.67%) |
Jun 11, 2026 16w ago | Institutional Cluster | $262.36 $279.15 | ▲ +6.40% | ▲ +5.73% | $217.41 (−17.13%) |
Jun 11, 2026 16w ago | Institutional Cluster | $257.33 $268.20 | ▲ +4.22% | ▲ +3.79% | $217.41 (−15.51%) |
US Market Status
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